A.M. Best Co. has withdrawn the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit rating (ICR) of “aa-” of Swiss Reinsurance Company Canada and has assigned a category NR-5 (Not Formally Followed) to the FSR and an “nr” …
Standard & Poor’s Ratings Services announced that its “ratings on Emerson Re Ltd.’s three bank loans are unaffected by CIG Reinsurance Ltd. and New Castle Re Ltd.’s (collectively the cedents) decision to cease the underwriting of new or renewal business.” …
Standard & Poor’s Ratings Services has raised its counterparty credit and senior unsecured debt ratings on Bermuda-based insurance and reinsurance holding company AXIS Capital Holdings Ltd. to ‘A-‘ from ‘BBB+’. S&P also raised its counterparty credit and financial strength ratings …
President Barack Obama declared a federal disaster Friday for the flooding, mudslides and avalanches in Washington state earlier in January. Damage surveys done by the state found more than 100 homes destroyed and more than 2,000 damaged by severe winter …
A federal judge has declined to throw out a lawsuit against the government filed by the family of an 11-year-old boy who was mauled to death by a black bear. U.S. District Judge Dale Kimball ruled against the government’s claim …
David Abraham, 48, of Santa Barbara, Calif., has been charged on with one felony count of grand theft for allegedly stealing more than $1.3 million, the California Department of Insurance reported. If convicted, Abraham could face up to five years …
A Pittsburgh suburb will pay $75,000 to end a federal lawsuit with a woman whom they initially barred from opening a pole dancing studio. In October, Adams Township officials allowed Stephanie Babines to open her studio. On Friday, officials agreed …
A sharply divided Florida Supreme Court says law enforcement agencies can be sued over “safety checks” that go bad. The justices ruled 4-3 in the case of an elderly woman who later died after Marion County deputies responding to a …
The widow of an eastern Kentucky coal miner who died on the job last year has sued one of the nation’s largest coal companies for more than $37 million in damages. The Lexington Herald-Leader reports that an attorney for Susie …
February 3, 2009 – The HDH Group (HDH) successfully implements NetRate and QualCorp to meet the transactional rating and policy processing needs of Park Insurance Co., which is underwritten by HDH. The integrated product delivers a comprehensive single-entry data solution …