A.M. Best Co. has affirmed the financial strength rating of ‘A+’ (Superior) and the issuer credit rating of “aa-” of Spain’s Ocaso, S.A. Seguros y Reaseguros, both with stable outlooks. “The ratings reflect the company’s superior risk-based capitalization, excellent operating …
Fire officials say a three-alarm blaze that destroyed a hotel under construction in April was arson. Chief Deputy State Fire Marshal B. Scott Bullock said Tuesday that the April 13 fire at the Hampton Inn Motel was intentionally set. Firefighters …
New York-based Eastman Kodak Co. has agreed to pay $21.4 million to settle legal action brought by black workers who claim the photography products maker discriminated against them. The deal was given preliminary approval by a federal judge last month. …
A federal jury has ordered DuPont to pay more than $1.25 million to six people who were injured when fuming sulfuric acid spilled from an eastern Kentucky plant five years ago. The jury found DuPont liable for skin burns, eye …
Highlighting what it says is the “devastating impact” of age discrimination, the U.S. Equal Employment Opportunity Commission (EEOC) held a public hearing on recent developments under the Age Discrimination in Employment Act (ADEA), including the effect on older workers of …
Johnson City, Tennessee, fire officials say an inmate in the Greene County jail has admitted setting a fire that destroyed a large portion of a downtown city block in April. Fire Chief Paul Green told the Johnson City Press that …
A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of Bermuda-based Allied World Assurance Company and its operating affiliates. Best also affirmed the ICR of “bbb”, the debt rating …
Colorado’s Division of Insurance has fined Neptune Management Corp., dba The Neptune Society $1.2 million for violating state insurance laws, the DOI reported. According to the DOI, one of the primary charges against Neptune was that the company inflated charges …
Oregon has recorded four compensable fatalities available for workers’ compensation benefits for the second quarter of 2009, compared with nine fatalities the same period in 2008, according to the state’s Department of Consumer and Business Services. In its Quarterly Fatality …
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