Art Insurers Face Record Loss from Superstorm Sandy December 21, 2012 By Myles Neligan and Sarah Mortimer Fine art insurers face claims of up to half a billion dollars, their biggest ever payout, to compensate the owners...
Ratings Roundup: Indiana Lumbermens Mutual, Noble December 21, 2012 A.M. Best Co. has affirmed the financial strength rating of ‘B+’ (Good) and issuer credit rating of “bbb-” of Indiana...
Ratings Recap: Echelon, Nationale Suisse, MAPFRE Global Risks/Empresas December 21, 2012 A.M. Best Co. has affirmed the financial strength rating of ‘B++’ (Good) and issuer credit rating (ICR) of “bbb+” of...
UK’s Met Office Sees 2013 as Likely to be One of Warmest on Record December 21, 2012 By Nina Chestney Global temperatures are forecast to be 0.57 degrees [1.026°F] above the long-term average next year, making 2013 one of the...
S&P Sees No Change for Willis’ Ratings from Goodwill and Remuneration Changes December 21, 2012 Standard & Poor’s Ratings Services has said that its ratings on Willis Group Holdings PLC (‘BBB’-/Stable/–) are unchanged “following the...
New Zealand Trade Minister Groser Bids to Replace Lamy at WTO December 21, 2012 New Zealand nominated its trade minister Tim Groser on Friday as the latest candidate to succeed Pascal Lamy as head...
Argo Group Estimates Preliminary Sandy Losses between $45 – $55 Million December 21, 2012 The Bermuda-based Argo Group International Holdings, Ltd. announced that it expects its 2012 fourth quarter results to include pre-tax catastrophe...
Best Removes Flagstone Re from Review; Affirms Ratings December 21, 2012 A.M. Best Co. has removed from under review with developing implications and affirmed the financial strength rating of ‘A-‘ (Excellent)...
South Dakota Cheese Company Settles Discrimination Charge December 21, 2012 A South Dakota cheese making company has agreed to pay $85,000 to settle a sex discrimination charge. The U.S. Equal...
Louisiana Insurance Department Launches New Online Rate Comparisons December 21, 2012 Insurance Commissioner Jim Donelon says his department’s new online system will make it easier for Louisiana residents to shop for...