Standard & Poor’s Ratings Services and Fitch Ratings joined A.M. Best (See related article) in lowering their ratings on Bermuda-based PXRE Reinsurance Ltd. (PXRE Bermuda) and U.S.-based PXRE Reinsurance Co. (collectively, PXRE). S&P lowered its counterparty credit and financial strength …
Rescue workers are continuing their efforts to find survivors of the landslide that buried the village of Guinsaugon, in the town of St. Bernard on the Philippine Island of Leyte last Friday, Feb. 17. 10 days of torrential rains have …
A state workers’ union is praising a Nevada Supreme Court ruling that upheld claims of 40 former state employees who sought more pension credits because their jobs were privatized. The State of Nevada Employees Association added that the high court’s …
Utah’s high court upheld a decision by lawmakers to roll back state employee retirement benefits, and took offense at what it called threats of retaliation if the decision didn’t go legislators’ way. In a 5-0 decision, the Utah Supreme Court …
The insurance industry came out strongly against a measure that would require them to disclose claims, payouts and rates, telling lawmakers a plan to increase regulation of their industry would drive up costs and force some companies to stop selling …
The creation of a National Catastrophe Insurance Program, senior protection provisions in long-term care insurance policies, uniformity in electronic filing and providing viable recommendations for Florida’s property insurance top a list of legislative priorities for 2006 released by the Office …
In what promises to be a spirited debate over the National Association of Insurance Commissioners’ plan to apply Sarbanes-Oxley corporate disclosure and accounting rules to non-public carriers, legislators on the National Conference of Insurance Legislators’ Financial Services & Investment Products …
With 8- to 12-year-olds dying at a rate of more than one a day in automobile crashes, safety groups are pushing for more youngsters to remain belted in the back seat. In the past, safety experts have focused their attention …
Aon Association Services and the American Society of Association Executives have launched an employee theft insurance program called CrimeShield for associations. Employee theft accounts for hundreds of billions of dollars in business losses each year, according to Aon. The ASAE-sponsored …
While corporate America has made dramatic gains in workplace safety, businesses are losing money on accidents unrelated to the workplace. Off-the-job worker injuries outpacing safety gains Contrary to popular belief, today’s workers are safer on the job than they are …
