Swiss Re has just released its latest sigma study, which details the toll of disasters that made 2008 “one of the worst years for catastrophe losses” according to the report. More than 240,500 people lost their lives, while the insurance …
General Motors Corp. recalled about 277,000 vehicles late last week because of a potential defect in the shift lever that could cause a vehicle to roll away. GM said the recall involves 2009 model year versions of the Buick Enclave; …
Suspects reported for mortgage loan fraud are often involved in other financial crimes, such as check fraud, money laundering and stock manipulation, the Financial Crimes Enforcement Network (FinCEN) reported Monday. FinCEN, a unit within the U.S. Treasury Department, said it …
Fitch Ratings has affirmed Zenith National Insurance Corp.’s ratings as follows: Zenith –Issuer Default Rating (IDR) ‘BBB+’. Zenith National Insurance Capital Trust I –$58.5 million 8.55 percent trust preferred securities due Aug. 1, 2028 at ‘BBB-‘. Zenith’s insurance subsidiaries: Zenith …
Standard & Poor’s Ratings Services has lowered its counterparty credit ratings on Bermuda-based Everest Re Group Ltd. and its U.S.-based intermediary holding company, Everest Reinsurance Holdings Inc., to ‘BBB+’ from ‘A-‘. S&P also lowered its counterparty credit and financial strength …
Arkansas state agencies are doing a better job than most at making government records available online, but safety reports and consumer information are still lacking, a nationwide survey found. Arkansas is also without a statewide database that tracks government expenditures …
National Contractors Insurance Company, Inc., a Risk Retention Group (“NCIC”) specializes in general liability insurance for licensed residential and commercial general and artisan contractors. NCIC writes the difficult Classes: Roofers, Foundations, Excavators, Fire Sprinklers, Paper GC’s, Custom Home Builders & …
Florida Agriculture and Consumer Services Commissioner Charles H. Bronson announced that his department has been awarded $900,000 under the federal stimulus plan to conduct wildfire prevention efforts. The funding, which is being provided by the U.S. Forest Service, will enable …
Whether you are an attorney, an insurance agent, adjuster or broker, or an individual insured, when dealing with claims under flood insurance policies, you may be surprised to discover that many things you think you know are wrong, and, particularly …
A state review says bureaucratic problems allowed nearly 1,000 Massachusetts drivers to keep their licenses despite being convicted of vehicular homicide or driving under the influence over the past five years. The review of court documents and driving records found …