Standard & Poor’s Ratings Services has assigned its ‘A+’ counterparty credit and financial strength ratings to QBE Specialty Insurance Co. (QSIC) with a stable outlook. “We view QSIC to be a core member of the QBE Group,” explained credit analyst …
Oklahoma Gov. Brad Henry is seeking federal disaster designation for Oklahoma farmers and ranchers hit hard by extreme weather conditions the past 10 months. Henry said he made the request in a letter to Agriculture Secretary Tom Vilsak. The governor …
A.M. Best Co. has affirmed the financial strength rating of ‘A+’ (Superior) and the issuer credit rating of “aa” of the UK-based Allianz Insurance plc (AZI), both with stable outlooks. “Allianz Holdings plc, AZI’s immediate holding company in the UK, …
A female former construction safety coordinator has filed a $20 million sexual harassment lawsuit in New York City. Bianca Wisniewski sued her former employer, Total Safety Consulting of Long Island City, JPMorgan Chase, and a male construction worker in state …
Texas Mutual Insurance Company announced a $53,479 dividend to the Emergency Service Organization (ESO) purchasing group. The dividend is based largely on ESO’s favorable loss ratio. ESO group members have shared in more than $500,000 of group dividends since 2002. …
A claims-made and reported professional liability policy will not cover a Massachusetts lawyer who failed to notify three different insurers about a potential suit against him, the First Circuit Court of Appeals has ruled. The decision – which pitted lawyer …
The National Crop Insurance Services trade group says a record $8.6 billion in crop insurance indemnity payments has been made to U.S. farmers for crop losses in 2008, and a lot of that money went to farmers in the Midwest. …
North Carolina consumers could soon be able to place a security freeze on their credit reports for free in legislation awaiting Gov. Beverly Perdue’s signature. The Senate gave final legislative approval to expand the state’s 2005 anti-identity theft protection law. …
Small in stature, a group of 2009 two-door cars are providing good safety value to car shoppers, according to crash tests. The Ford Focus and Volvo C30 received top scores in front-end, side and rear crash tests, according to tests …
The National Highway Traffic Safety Administration gathered hundreds of pages of research and warnings about the hazards of drivers using cell phones, but withheld the information from the public in 2003 in part out of fear of angering Congress, The …