Standard & Poor’s Ratings Services has assigned its preliminary ‘BBB+’ senior debt, preliminary ‘BBB’ subordinated debt, preliminary ‘BBB-‘ junior subordinated debt, and preliminary ‘BBB-‘ preferred stock ratings to Aspen Insurance Holdings Ltd.’s recently filed universal shelf registration program. The ratings …
A.M. Best Co. has upgraded the issuer credit ratings (ICR) to “a+” from “a” and affirmed the financial strength rating (FSR) of ‘A’ (Excellent) of Fireman’s Fund Insurance Companies, which includes Novato, Calif.-based Fireman’s Fund Insurance Company and its intercompany …
Fire officials say a candle and a Christmas tree may be to blame for a fire that destroyed a central Pennsylvania home. Lickdale Fire Company Chief Paul Snyder says the fire broke out Tuesday morning in Union Township, Lebanon County. …
A fire that ripped through the Midtown Mall in Binghamton, New York, destroying the long-vacant collection of buildings that was being converted to student housing. Fire Chief Dan Thomas says the blaze was reported at about 9 p.m. Tuesday and …
What started as a carpet-cleaning business 23 years ago has turned into a disaster-restoration company for Carol Horton and her family. Now much of Bridgeport Restoration Services’ business involves cleaning up homes that have had fire, water, smoke or mold …
Former attorney Timothy Balducci and former state auditor Steven Patterson have been released from federal custody. U.S. Bureau of Prisons records show Patterson was released Dec. 16 and Balducci on Dec. 17. The two served 24 months in federal prison …
A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and the issuer credit rating (ICR) of “aa” of Allianz Global Corporate & Specialty AG (AGCS AG). Best also affirmed the FSR of …
Natural and man-made catastrophes topped the list of the most significant events in 2010, with three major earthquakes, a near record number of hurricanes, some serious typhoons and windstorms, a volcanic eruption and a calamitous oil spill that blighted the …
American International Group Inc. (AIG) has agreed to pay $146.5 million in fines and additional taxes to state insurance regulators for alleged under-reporting of premiums to states more than a decade ago. The company will pay $100 million in penalties …
A fee dispute among attorneys involved in a lawsuit over the 2001 death of a top New York Mets baseball prospect from Mississippi has delayed settlement payments to his family. The family of Brian Cole, a former Meridian High School …