A federal safety agency says the Charleston, South Carolina Fire Department that lost nine men in a furniture store blaze needed to make substantial changes to its policies and procedures. The National Institute for Occupational Safety and Health’s 107-page report …
The financially-troubled College of Santa Fe, N.M., is being accused of fraud for how it handled a 2006 bond transaction. The private college, which is on the verge of either closing or being taken over by New Mexico Highlands University, …
In sports, everyone wants to win on game day. The stark reality is that not everyone does. For every winner, there is a loser. Those who win in sports are the ones possessing not only the will to win, but …
A.M. Best Co. has commented that the ratings of the Bermuda-based Catlin Group and its subsidiaries remain unchanged following the publication of the group’s full year 2008 results. Best said it “believes that Catlin’s consolidated risk-adjusted capitalization will remain strong, …
A.M. Best Co. has downgraded the financial strength rating (FSR) to ‘B++’ (Good) from ‘A-‘ (Excellent) and the issuer credit rating (ICR) to “bbb+” from “a-” of The Fuji Fire & Marine Insurance Company, Limited. Best has also placed the …
Standard & Poor’s Ratings Services has lowered its counterparty credit and financial strength ratings on Customer Asset Protection Co. (CAPCO) to ‘B-‘ from ‘BB’. S&P has also removed the ratings from CreditWatch, where they had been placed with negative implications …
They say nothing is more wholesome than peanut butter, but the government may soon ask companies that make the gooey treat to prove it. The salmonella outbreak is starting to change the way the government oversees the safety of peanut …
The Washington House of Representatives is considering a bill that would allow and insurance company damaged as a result of a violation by a defendant, to sue to recover compensatory damages, including reasonable investigation expenses, cost of the suit and …
More than 40 percent of all Travelers’ wedding insurance claims filed during the past two years involved unforeseen problems with vendors and venues, some of which went bankrupt in the worsening economy, according to data released by The Travelers Cos. …
Two explosions near a gas processing plant in eastern Texas near the town of Carthage sparked a grass fire and burned a trailer and several parked vehicles on Feb. 11, officials said. No injuries were reported, said Sam Moore, a …