Massive flooding in southern China has killed 132 people and forced 860,000 to flee their homes, and more storms were forecast, the government said Sunday. Another 86 people are missing and more than 10 million people have been affected since …
Software as a service, or SaaS, can have a positive effect on almost any business. By licensing software from a single source rather than installing it onto your company’s hardware, you can save time and money. Nowhere is this more …
Florida insurance regulators have ordered a Texas surety insurance firm, Infinity Surety, to halt all business in Florida. Officials say the insurer was never authorized to sell in Florida. The Florida Office of Insurance Regulation (OIR) has issued a cease …
U.S. Congressman Charlie Melancon (LA-03) says lost wages of oil rig workers who are out of a job due to the moratorium on deepwater drilling in the Gulf of Mexico could reach as high as $330 million a month. Melancon …
A.M. Best Co. has affirmed the financial strength rating of ‘A+’ (Superior) and issuer credit rating (ICR) of “aa” of Allianz S.p.A. (Italy), both with stable outlooks. Best explained that the ratings reflect the “enhancement received from the implicit support …
Strong storms that tore through the Dakotas prompted reports of tornados, flash flood warnings and hurt a man whose car was hit by a mobile home. No other serious injuries were immediately reported from the storms that began late on …
A.M. Best said it has downgraded the issuer-credit rating of New York-based Eveready Insurance Co. to “bb”, down from “bb+”. The ratings agency also affirmed the company’s financial strength rating of B (Fair), but revised downward the outlook for both …
The parents of a Boston Celtics fan who stopped breathing and later died after police took him into custody during 2008 NBA championship celebrations have settled with the city for $3 million. The settlement announced Thursday by a lawyer for …
Serious consequences await the state’s rapidly growing natural gas industry if companies are caught cutting corners of safety measures to pump up profits, Pennsylvania’s top environmental regulator warned Wednesday. Environmental Protection Secretary John Hanger told a state Senate committee that …
No injuries are being reported after a fire heavily damaged a three-story building in a Vermont community that has already seen three major downtown fires in the last generation. The Randolph fire was reported at about 3:45 a.m. Thursday after …