The Obama administration told Transocean Ltd. in a letter last week it was “simply unconscionable” for the drilling firm to...
National News
Oil from BP’s out-of-control Gulf of Mexico oil spill could threaten the Mississippi and Alabama coasts this week, U.S. forecasters...
Two workers injured when an oil rig exploded in the Gulf of Mexico told Congress that the companies in charge...
Standard & Poor’s Ratings Services has lowered its counterparty credit and financial strength ratings on the operating insurance companies of...
A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit ratings (ICR) of “aa-”...
A.M. Best Co. has downgraded the financial strength rating to ‘A’ (Excellent) from’ A+’ (Superior) and issuer credit ratings to...
The National Flood Insurance Program (NFIP), which expired at midnight on May 31, is not expected to be able to...
A Manhattan federal judge said on Tuesday that it was unfair to hold Moody’s Investors Service and Standard & Poor’s...
Reinsurers transferred $2.35 billion in catastrophe risk to capital markets before the U.S. hurricane season that began Tuesday, higher than...
CNA Financial Corp. said it is taking over the underwriting and administration of the existing Not-for-Profit Directors & Officers (D&O)...