The U.S. Supreme Court is considering the fate of litigation against cell phone makers over safety risks, just as the industry comes under more scrutiny in the wake of a health report from the World Health Organization. A working group …
The owners of North America’s tallest building, formerly known as the Sears Tower, are looking for an investor to help recapitalize the building that is an integral part of the Chicago skyline, a spokesman for the group said Wednesday. “We …
A recent survey confirms that there is growing concern among corporate managers about distracted driving risks and liability. Fifty percent of companies with more than 500 drivers said they have knowledge or evidence of such crashes, according to a poll …
A.M. Best Co. has commented that the financial strength rating of ‘A-‘ (Excellent) and issuer credit ratings of “a-” of Doctors Company Insurance Group (TDC) and its members, led by The Doctors Company, an Interinsurance Exchange, based in Napa, Calif., …
Standard & Poor’s has affirmed its ‘A’ counterparty credit and financial strength ratings on Platinum Underwriters Reinsurance Inc. and Platinum Underwriters Bermuda Ltd. (collectively referred to as Platinum). S&P also affirmed its ‘BBB+’ counterparty credit rating on Platinum Underwriters Holdings …
Bermuda-based Validus Holdings has joined with other investors in capitalizing and launching AlphaCat Re 2011, Ltd., which it describes as a “new special purpose ‘sidecar’ reinsurer formed for the purpose of writing collateralized reinsurance and retrocessional reinsurance.” Vaidus said “AlphaCat …
The Paris-based International Chamber of Commerce (ICC) has issued a statement urging G20 leaders to “keep markets open to trade, following worrying results from a recently released WTO-OECD-UNCTAD report that G20 countries are increasing protectionist measures.” The joint report by …
Russia banned imports of raw vegetables from the European Union on Thursday because of a deadly E.coli outbreak centered in Germany, Russian media cited the head of the consumer protection agency as saying. “A ban on the import of fresh …
Australia’s QBE announced it has completed acquisition of Balboa’s Insurance portfolio, following the agreement with Balboa’s parent, Bank of America, to do so last February. QBE noted that the “transaction includes a long-term distribution agreement with Bank of America for …
Hawaii Gov. Neil Abercrombie has signed legislation appropriating $42 million from the state’s Hurricane Reserve Trust Fund to the General Fund to help balance the state budget for fiscal year 2011, which ends June 30. Additionally, SB 1270 authorizes the …
