Institutional investors are continuing to target Massey Energy’s board of directors over an explosion that killed 29 coal miners earlier this month. The New Jersey Building Laborers Pension Fund blames Chairman Don Blankenship and other board members for the April …
Two miners were missing Thursday and rescuers were unable to contact them after a roof collapsed in a large underground coal mine in western Kentucky, company and union officials said. Rescue crews were in the mine on Thursday morning, said …
Despite sizable losses from late season, East Coast storms, New Jersey-based Selective Insurance Group swung to a first quarter profit of $5.8 million, a positive change from the $12.9 million the insurer lost in the year-ago quarter. The profits include …
“Homeowners can mitigate against wind damage, but they’re powerless, really, to do anything against storm surge,” says one researcher whose job it is to develop ways to determine the vulnerability of homes and other properties not only to storm surge, …
The California Department of Insurance announced it has uncovered substantial errors in Anthem Blue Cross’ January rate filing, causing the company to withdraw the filing. In January, the company filed for a rate increase of up to 39 percent for …
ACE Limited reported from its headquarters in Zurich that net income for the quarter ended March 31, 2010, totaled $755 Million, compared to $567 million in Q1, 2009. Net income was $2.22 per share, compared with $1.69 per share for …
A.M. Best Co. has affirmed the financial strength rating of A- (Excellent) and issuer credit ratings (ICR) of “a-” of DeRidder, La.-based Amerisafe Insurance Group (Amerisafe) and its members. Amerisafe includes American Interstate Insurance Company, Silver Oak Casualty Inc. and …
A.M. Best Co. has upgraded the financial strength rating to A (Excellent) from A- (Excellent) and issuer credit rating to “a” from “a-” of Rural Mutual Insurance Company (Rural Mutual) in Madison, Wis. The outlook for both ratings has been …
Wholesale insurance broker Westrope announced that Edward T. Havermann III has joined its Kansas City, Mo., headquarters as a broker in Westrope’s national transportation practice. Havermann began his career with Intercargo Insurance Company and then handled transportation accounts for a …
BP Plc will compensate all those affected by an oil spill from one of its wells in the Gulf of Mexico, its chief executive said, accepting the disaster could hit plans to open new areas off the U.S. coast to …
