Standard & Poor’s Rating Services announced that it has lowered its counterparty credit and financial strength ratings on Bermuda-based PXRE Reinsurance Ltd. and U.S.-based PXRE Reinsurance Co. to “A-” from “A”. S&P also lowered its counterparty credit and senior unsecured …
Bermuda-based Endurance Specialty Holdings Ltd. announced that its initial estimates of losses, net of reinsurance, reinstatement premiums, and tax benefits related to Hurricane Rita would be approximately $85 million. The company said gross losses were estimated at approximately $95 million. …
Attorney General Charlie Crist has warned Florida seniors to be on the lookout for con artists who may try to take advantage of consumers as they shop for new Medicare prescription drug coverage plans. As of Oct. 1, companies can …
The one-two punch of hurricanes Katrina and Rita have resulted in unprecedented destruction, expense and displacement for New Orleans and Gulf Coast portions of Louisiana, Mississippi Alabama and Texas. In an effort to evaluate the effects of this disaster on …
Chatting with a fellow carpooler, checking voicemail on a cell phone on the way into the office, and grabbing a quick bite to eat all can be hazardous to an employee’s heath – if done while behind the wheel. That …
The South Carolina Supreme Court issued its decision in the case of L-J, Inc. v. Bituminous Fire and Marine Insurance Co., Sept. 26, holding that faulty workmanship is not considered an accidental event or “occurrence” under a commercial general liability …
The U.S. Labor Department’s Occupational Safety and Health Administration (OSHA) has cited Buffalo plumbing contractor Mark Patton, doing business as Patton Plumbing, for six alleged serious safety violations following the death of an employee in a trench collapse at a …
Each year far too many insurance consumers are duped into buying bogus insurance policies, putting them and their families or business at great risk of financial catastrophe. Seeking to prevent these harmful crimes, California Insurance Commissioner John Garamendi on Wednesday …
Safeco has established a special mobile claims unit at the Houston Insurance Assistance Center to serve customers recovering from Hurricane Rita. Safeco professionals will be available at that location to initiate the claim process and expedite payments for customers who …
Three more Louisiana parishes have been added to the list of those eligible for extra disaster assistance from the Department of Homeland Security’s Federal Emergency Management Agency (FEMA). Individual assistance for Allen, Lafourche and Terrebonne parishes has been made available …