A.M. Best Co. has affirmed the financial strength rating (FSR) of “A+” (Superior) and the issuer credit ratings (ICR) of “aa-“of Bermuda-based XL Capital Ltd’s operating subsidiaries. Best also affirmed the ICR of “a-” and the existing debt ratings of …
Dublin-based Research and Markets has added “Snapshots Hong Kong Non-Life Insurance 2007” to their offering. The new summary report “provides 2005 year-end market size data, with 2006 estimates, 4 years of historical data and five-year forecasts,” said the announcement. It …
Munich Re announced that it is preparing to issue a subordinated bond for approximately €1 billion ($1.3456 billion). The reinsurer described the debt issue as “a perpetual bond and callable by Munich Re from ten years after the date of …
Liabilities follow the insurance industry as the night follows the day. So, it’s not terribly surprising to learn that a new study – “Limiting Liability in the Greenhouse: Insurance Risk-management Strategies in the Context of Global Climate Change* – highlights …
The father of Josh Hancock filed suit, claiming a restaurant provided drinks to the St. Louis Cardinal’s relief pitcher even though he was intoxicated prior to the crash that killed him. The suit, filed in St. Louis Circuit Court by …
Aetna Inc. in Hartfors, Con. has agreed to buy a Phoenix-based company that manages health care for Medicaid plans and administers employers’ self-funded health plans. The Hartford-based insurer announced Thursday that it will buy privately owned Schaller Anderson Inc. for …
About 25 percent of the District of Columbia’s fire hydrants require replacement or urgent repairs, the city’s fire chief said this week, giving the bleakest picture yet of the problem. D.C. Fire Chief Dennis L. Rubin told a D.C. Council …
A federal judge has approved a class-action settlement between a chemical company and the residents of a southwestern Louisville, Kentucky neighborhood. Under the settlement approved by U.S. District Court Judge John Heyburn, Hexion Specialty Chemicals will spend about $4 million …
Despite arguments that the state should keep out of a business where only private enterprise belongs, the Maine Senate gave its blessing last week to a proposal to allow the state to venture further into health insurance. A bill to …
Officials in the Delta have accused the government of trying to scare local residents into buying flood insurance by suggesting the Mississippi River levees could be breached as were those around New Orleans during Hurricane Katrina. The Federal Emergency Management …
