A.M. Best Co. has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit rating of “a” of Bermuda-based Evergreen Reinsurance Company, Ltd. (ERCL), both with stable outlooks. The ratings reflect ERCL’s “solid risk-adjusted capitalization, consistently profitable operating performance …
A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit rating (ICR) of “aa-” of Sompo Japan Insurance Inc. Best also, affirmed the FSR of ‘A+’ (Superior) and ICRs of “aa-” of Sompo Japan …
A.M. Best Co. has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of Bermuda-based Wind River Reinsurance Company, Ltd. and its U.S. subsidiaries. Best also affirmed the ICR of “bbb” of the ultimate …
A.M. Best Co. has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit rating of “a+” of Japan’s NIPPONKOA Insurance Company Ltd, both with stable outlooks. The ratings reflect NIPPONKOA’s “favorable risk-adjusted capitalization, conservative underwriting leverage and expected …
Signs of legal problems and financial losses surrounding the French breast implant manufacturer at the heart of a scandal affecting hundreds of thousands of women worldwide can be traced back as far back as 2003, regulatory filings show. France’s Poly …
The Bermuda-based Everest Re Group announced that it expects to incur net losses of between $100 million and $125 million, after reinstatement premiums and taxes, for claims arising from floods in Thailand. The bulletin said the range was “predicated on …
Records show that more than a $1 million has been paid out since 2005 in claims against a South Florida police department. The city of Fort Lauderdale released a list of claims and payouts in response to a public records …
The Obama administration decided against a cut in truckers’ daily hours behind the wheel, to the dismay of safety advocates, but made other changes aimed at fighting driver fatigue. The rule issued last Thursday continues to permit drivers to be …
A former South Carolina state employee has filed a federal lawsuit over his termination earlier this year after a diversity training session, an action he says amounts to trampling his free speech rights. The State newspaper reported that Mark Kelly, …
A video camera hidden in a workplace bathroom doesn’t have to produce any images for someone to believe their privacy was violated, the Iowa Supreme Court ruled last Friday. The court’s decision allows two women to move forward with lawsuits …
