Standard & Poor’s Ratings Services has raised its counterparty credit and senior unsecured debt ratings on Toronto-based Fairfax Financial Holdings Ltd. to ‘BBB-‘ from ‘BB+’. The outlook is stable. “The upgrade reflects our enhanced view of the company’s credit profile, …
Standard & Poor’s Ratings Services has assigned its preliminary credit ratings to the $200 million principal at-risk variable-rate notes series 1, 2, and 3 issued by Atlas Reinsurance V Ltd. “The sponsor and ceding reinsurer for this transaction is SCOR …
A proposal by Montana State Auditor Monica Lindeen, would help protect Montana investors from what the North American Securities Administrators’ Association (NASAA) calls one of the top 10 investment scams in the country. The bill, SB 151, is sponsored by …
Washington Insurance Commissioner Mike Kreidler collected just more than $630,000 from insurance companies and agents that did not follow the rules in the last four months of 2008, and he could collect an additional $313,500 in suspended fines, based on …
A 13-year-old boy who never fully recovered after he fell from a Disneyland children’s ride in 2000 died on on Jan. 26, 2009. Brandon Zucker was 4 when he fell from the Roger Rabbit Car Toon Spin ride in September …
The Wisconsin Supreme Court has ruled in favor of the insurance company in a closely-watched case involving a farmer’s business auto policy and whether its underinsured motorists endorsement applies to a family member hurt while driving in a different vehicle. …
A bill requiring alcohol-sensing ignition locks on the vehicles of most people convicted of drunken driving advanced in the New Jersey Legislature earlier this week. The lock is a Breathalyzer-like device that keeps the vehicle from starting if it senses …
Georgia Governor Sonny Perdue is proposing tort reform legislation intended to protect Georgia-based biotech companies from product liability claims. The proposed legislation would provide that Federal Drug Administration (FDA) approval is sufficient to protect against design defect and failure to …
Maryland Gov. Martin O’Malley will push state legislators to raise the minimum age for teen drivers and strengthen penalties for those who repeatedly drive under the influence of alcohol or drugs, he announced Monday. The proposals were two of roughly …
A medical committee that makes recommendations to Kentucky high school athletics officials meets Thursday to discuss athlete safety. The discussion follows the death of Pleasure Ridge Park High School football player Max Gilpin, who died three days after collapsing during …