Lebanon News

Farmers Insurance Ranks Most Secure Places to Live; Northwest Tops List

Those seeking a place to live, work or raise a family in a safe and secure environment should consider the Pacific Northwest, according to the fifth annual Most Secure U.S. Places to Live rankings from Farmers Insurance Group of Companies. …

Ratings Rounup: Arab Re, Century (Guam) & (Saipan)

A.M. Best Co. has affirmed the financial strength rating of ‘B+’ (Good) and the issuer credit rating (ICR) of “bbb-” of Lebanon’s Arab Reinsurance Company S.A.L., both with stable outlooks. “The ratings reflect Arab Re’s strong current and prospective risk-adjusted …

Golf Cart Popularity Collides with Ind. Law

Golf carts are becoming a more common sight on Indiana’s streets and roads, but state police say they fail to meet the safety and equipment standards for motor vehicles to be driven on public streets. Several communities across the state …

N.H. Chief Justice Hopes to Open Business Court This Year

New Hampshire’s chief justice is praising a new law that allows the state to create a business court and he’s hoping to have the new court operating this year. The court would handle only complaints between businesses and would not …

N.H. Biker Recovering after Collision with Turkey

A motorcyclist from Keene, New Hampshire is nursing broken bones after a wild turkey flew into him and knocked him off his bike during the weekend. State police said the turkey flew out of the woods and struck 62-year-old Frank …

$30M Suit Filed In Md. Hotel Carbon Monoxide Deaths

A Lebanon, Pa., woman whose husband and 10-year-old daughter were killed by a carbon monoxide leak at an Ocean City, Maryland motel room has filed a wrongful death lawsuit against four companies. The lawsuit seeking $30 million dollars in damages …

Business Moves

Lighthouse Underwriters, Cooley and Darling Cooley and Darling Insurance Agency Inc., a new retail agency based in Haymarket, Va., has acquired the retail book of non-profit business from Lighthouse Underwriters LLC, a member company of U.S. Risk Insurance Group Inc. …

Pa.’s Lebanon Mutual Insurance Plans Conversion to Stock Company

The board of directors of Lebanon Mutual Insurance Co. of Cleona, Pa., has adopted a plan to convert the insurer from a mutual to a stock organization. Under the plan, Lebanon will convert from a Pennsylvania mutual insurance company to …

N.H. Firm High-tech Helmet Tracks Sports, Military Brain Injuries

A high-tech helmet invented by a New Hampshire company is helping football teams and the military learn more about head injuries. The helmet and sensors created by research-and-development company Simbex LLC in Lebanon, N.H., measures and records the force of …

Ratings Roundup: Montpelier Re, Arab Re, Cyrus Re (debt)

Fitch Ratings today upgraded the senior debt rating of Montpelier Re Holdings Ltd. (NYSE: MRH) to ‘BBB’ from ‘BBB-‘. At the same time, Fitch upgraded MRH’s long-term Issuer Default Rating (IDR) to ‘BBB+’ from ‘BBB’. Fitch also upgraded the Insurer …