A.M Best Co. has upgraded the financial strength and issuer credit ratings from “A-” to “A” of the Kaufman Insurance Group of Farmington Hills, Mich., and its member companies: USF Insurance Co., domiciled in Michigan and Cranbrook Insurance Co., domiciled …
Louisiana Attorney General Buddy Caldwell has filed a Petition for Discovery and Investigation against British Petroleum in state court in Plaquemines Parish. The petition alleges that BP has failed to cooperate and share important information with the state, specifically information …
State officials are warning motorists that police are cracking down on aggressive driving in Delaware. The Delaware Office of Highway Safety says 11 state, county and municipal police agencies will conduct patrols this summer aimed at stopping aggressive drivers. State …
Risk management ranks relatively low on the priorities list for small business owners, according to a recent survey by Travelers. And that outlook could mean trouble down the road when problems arise for those firms, the insurer warns. “Small business …
State Farm Insurance Co. has decided to discontinue writing new flood insurance policies with the National Flood Insurance Program but the company says it will still service existing policies and State Farm agents will continue to help their customers with …
W. R. Berkley Corp. has appointed J. Michael Foley as president of Berkley Risk Administrators Co. (BRAC). Foley succeeds BRAC founders Mark C. Tansey and Kenneth R. Hopkins, who will each continue in a consulting capacity with W. R. Berkley …
The restructuring of the property/casualty insurance wholesale and specialty brokerage market continues as Preferred Concepts, LLC, a national program administrator, announced it has acquired of Mercator Risk Services, a wholesale broker. Mercator Risk Services is now a wholly owned subsidiary …
An attorney for two former waitresses in Michigan who said Hooters fired them because of their weight told a newspaper the case is about civil rights. But Hooters said the appearance of its waitresses is a legitimate business concern. “This …
A fireball and explosion burned seven members of a crew drilling for natural gas at an abandoned coal mine in West Virginia Monday, the second big fire at an energy formation known as the Marcellus Shale in less than a …
The European Union could extend a planned levy beyond banks to other financial services firms, according to a report outlining the bloc’s message to G20 leaders who meet soon to tackle reform of the industry. The statement is likely to …
