The Obama administration has delayed by nearly a year a plan to boost safety standards for the type of rail car involved in a fiery explosion that killed at least 47 people in Canada this month. Officials began work on …
National Interstate Corp., the insurer majority owned by American Financial Group Inc., plunged the most since 2008 after reserves for claims in prior periods proved inadequate, fueling a surprise quarterly loss. National Interstate, which insures transportation providers, fell 18 percent …
Daimler AG’s Mercedes-Benz vehicles were the most sought-after luxury brand among U.S. car thieves from 2009 through 2012 as the New York City region had the greatest number of thefts, an insurance industry group said. More Mercedes C-Class cars, a …
A.M. Best Asia-Pacific Limited has revised the outlook to negative from stable and affirmed the financial strength rating of ‘A’- (Excellent) and issuer credit ratings (ICR) of “a-” of TOWER Insurance Limited (TIL), TOWER Health & Life Limited (THL) and …
A.M. Best Co. has placed the financial strength rating of ‘A-‘ (Excellent) and issuer credit rating of “a-” of Bermuda-based S.A.C. Re, Ltd. under review with negative implications. Best explained that the rating actions reflect its “concern with the business …
Allied World Assurance Company Holdings, AG announced the official launch of Allied WorldWideSM, which it described as “a newly created platform designed to meet the insurance coverage needs of multinational clients. “Allied WorldWide was designed to improve the buying process …
U.S. fuel logistics company World Fuel Services Corp said on Tuesday it has “serious objections” to being ordered by the Quebec government to help pay for the cleanup of the devastating railway crash in Lac-Megantic, Quebec, on July 6. The …
Toronto-Dominion Bank, Canada’s second-largest lender, said it will take a third-quarter charge after tax of C$418 million (US$406 million) due to recent severe weather in Alberta and Ontario and to boost its reserves for auto insurance claims. The weather-related hit …
Bermuda-based AXIS Capital Holdings Limited reported net income available to common shareholders for the second quarter of 2013 of $72 million, or $0.62 per diluted common share, compared with $168 million, or $1.35 per diluted common share, for the second …
Accepting Payment After Hours. Many agencies continue to accept premium payments even when closed. Customers put their payments through mail slots, under the door, wedged between the door and the door frame, or by some other means. This is perceived …
