Ratings: Argonaut, MAPFRE (Fla.), Pekin, Penn National, AXA Art, Tennessee Farmers, ALPS, BancInsure June 23, 2008 A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a”...
Port of New Orleans Braces for Storm Season with Satellite Office June 23, 2008 By Rene Pastor The Port of New Orleans has set up a “satellite” office and taken steps in case another storm strikes the...
Levees Hold Back Cresting Mississippi River; Aid Requests Mount June 23, 2008 Walls and levees held back the cresting Mississippi River Sunday as requests for government aid poured in from homeowners and...
Nursing Homes Battle to Retain Mandatory Arbitration Clauses June 23, 2008 By Kim Dixon U.S. nursing homes are pushing against an effort in Congress to invalidate arbitration clauses in admissions contracts, a change that...
Vermont Diocese with $8.7M Abuse Verdict Can’t Find Insurance Policy June 23, 2008 By John Curran Many Roman Catholics believe that the worst of the clergy sex abuse scandal is over. But in the Diocese of...
Embattled Vermont Hotel Lacked Workers’ Compensation Insurance June 23, 2008 The Cortina Inn in Killington, Vermont, which closed two months ago after being linked to Legionnaires’ disease, has filed for...
Reed Enters Race for Delaware Insurance Commissioner June 23, 2008 Democrat Gene Reed has formally entered the race for state insurance commissioner. Reed is a longtime employee of the insurance...
Best Announces Rating Actions of 53 Canadian Insurers June 23, 2008 A.M. Best Co. has affirmed the financial strength ratings (FSR) and issuer credit ratings (ICR) of 30 Canadian P/C companies;...
ACE to Issue Enhanced ‘CODA’ Policies at Inception June 23, 2008 ACE Bermuda International announced that effective July 1, 2008 all CODA policies will be issued at inception. The company also...
Swiss Re Signs on to G-8 Climate Change Recommendations June 23, 2008 Swiss Re’s CEO Jacques Aigrain has signed the climate change recommendations of the Group of Eight (G8) leaders. “The document...