Monthly Archives: <span>February 2009</span>

Infinity’s South Texas Call Center Expands Spanish Service Capabilities

Infinity Insurance announced it has opened a new 325 seat call center in McAllen, Texas. The facility houses Claims and Customer Service representatives who are specially trained to handle calls from Infinity’s large base of Spanish-speaking customers from across the …

FEMA Under Scrutiny for Ice Storm Response in Kentucky

In the first real test of the Obama administration’s ability to respond to a disaster, Kentucky officials are giving the federal government good marks for its response to a deadly ice storm. Yet more than 300,000 residents remained without power …

Contamination Fears Prompt Pennsylvania Farm to Recall Mushrooms

A southeastern Pennsylvania mushroom farm is recalling packages of enoki mushrooms because they may be contaminated with a bacteria that can cause a potentially fatal illness. Phillips Mushroom Farm of Kennett Square, Pa., said in a statement Sunday the enoki …

Ratings Roundup: Aflac, Scottish Re (U.S.), Hanover Fire, Omega

A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and downgraded the issuer credit ratings (ICR) to “aa-” from “aa” of American Family Life Assurance Company of Columbus (Aflac) and American Family Life Assurance Company of …

Small Earthquake Rattles Central New Jersey

Authorities say a small earthquake has struck central New Jersey, rattling windows and alarming residents of several communities. Won-Young Kim, a seismologist at the Lamont-Doherty Earth Observatory in Palisades, New York, says a quake with a preliminary magnitude of 3.0 …

Ratings Recap: New Castle Re, Generali (Hungary), Allianz Risk Transfer

A.M. Best Co. has downgraded the financial strength rating to ‘B++’ (Good) from ‘A-‘ (Excellent) and the issuer credit rating (ICR) to “bbb” from “a-” of Bermuda-based New Castle Reinsurance Company Ltd. Best also downgraded the ICR to “bb-” from …

Trial Opens in Florida Widow’s Suit Against Tobacco Firms

A closely watched lawsuit against tobacco companies filed by a Florida widow is going to trial in Broward County. The Fort Lauderdale proceeding is the first such case to go to trial since the Florida Supreme Court in 2006 threw …

Markel’s Ratings ‘Unaffected’ by Investment Losses Says S&P

Standard & Poor’s Ratings Services has indicated that its ‘BBB’ counterparty credit rating on Markel Corp (MKL) “is not affected by today’s announcement of fourth quarter 2008 earnings.” S&P noted that the Company “reported a $59 million net loss for …

Minnesota Lawmaker Wants to Ban Use of Bisphenol-A In Kids’ Products

A Minnesota state senator is pushing legislation that would ban a certain chemical from products for young children. Democratic Sen. Sandy Rummel of White Bear Lake says Minnesota is one of more than a dozen states considering bills regulating bisphenol-A. …

Feds Say Kentucky Mine Operator Darby Hasn’t Paid Safety Fines

The federal government has sued an eastern Kentucky mine operator for nonpayment of civil penalties assessed after a 2006 explosion that killed five miners. The U.S. Labor Department’s Mine Safety and Health Administration said it is seeking $505,012 from Kentucky …