10/29 Insurance Journal

Please add updates@feedmyinbox.com to your address book to make sure you receive these messages in the future. Insurance Journal Ratings Recap: Beazley (US), Prism October 28, 2009 at 12:55 pm A.M. Best Co. has affirmed the financial strength rating of 'A' (Excellent) and issuer credit rating of "a" of Beazley Insurance Company, Inc. (BICI), which is based in Farmington, Conn. The ... Ratings Roundup: Misr, Kenya Re, Alliance, Aurigen October 28, 2009 at 12:50 pm A.M. Best Co. has downgraded the financial strength rating to 'B++' (Good) from 'A-' (Excellent) and the issuer credit rating to "bbb+" from "a-" of Egypt's Misr Insurance Company, and has revised ... Texas City Dike Could Reopen Next Fall, Businesses Might Not October 28, 2009 at 12:22 pm A Hurricane Ike-damaged dike in Texas City, Texas, could reopen next fall after repairs are completed. Mayor Matt Doyle says none of the funds earmarked for the dike's repair will go to ... Louisiana Parish Says Training Facility Will Lower Insurance Premiums October 28, 2009 at 12:21 pm St. Landry Parish, La., is in line to receive $12.7 million in federal hurricane mitigation funds, and the single largest project it hopes to fund will be a multi-agency training center. ... Connecticut Judge: Killer's Insurance Company not Liable October 28, 2009 at 12:19 pm A Connecticut judge has ruled that the insurance company for a former Fairfield lawyer who killed his neighbor in 2006 won't be responsible for any damages that could be awarded in a lawsuit filed ... Aon Announces New Insurance Coverage for Pandemic Building Closures October 28, 2009 at 12:13 pm Aon's London office has announced that companies can "now insure themselves for costs incurred if their building or the vicinity is officially closed due to a pandemic." Aon launched the coverage ... GUARD Introduces BOP in New York October 28, 2009 at 12:12 pm GUARD Insurance Group has begun offering Businessowner's Policy coverage in New York. This new line complements the company's traditional specialtym, workers' compensation insurance for ... Insurer Among Companies Approved for Michigan Tax Credits October 28, 2009 at 12:02 pm A state economic development board is approving tax breaks for several projects aimed at bringing new jobs to Michigan. One of the companies approved for the tax breaks is Auto-Owners Insurance ... Texas Mutual Recognizes Employers for Workplace Safety October 28, 2009 at 11:59 am Texas Mutual Insurance Company is recognizing 164 Texas-based employers for their workplace safety efforts. The award is based largely on each policyholder's safety record, as well as the types of ... Navigant Consulting Appoints Glassman to Board of Directors October 28, 2009 at 11:57 am Chicago-based Navigant Consulting Inc., a global risk management and financial services consulting firm, has appointed Cynthia A. Glassman to serve an initial term on Navigant's Board of Directors ... House Panel Advances Bill on Credit Rating Agency Liability October 28, 2009 at 11:41 am Credit rating agencies would be more tightly regulated and more exposed to lawsuits under legislation approved Wednesday by the U.S. House Financial Services Committee. In another procedural ... U.S. Insurance Commissioners Host 13 International Regulatory Interns October 28, 2009 at 11:18 am The organization of state insurance commissioners welcomed 13 interns from Azerbaijan, China, Egypt, Saudi Arabia, Thailand and Zambia to the U.S. this week. The National Association of ... All in the Family: North Carolina Brother, Sister Charged with Insurance Fraud October 28, 2009 at 11:07 am A brother and sister have been arrested by North Carolina officials on charges of insurance fraud. State Insurance Commissioner Wayne Goodwin reported the arrest of Wanda Nichols Covington, 36, ... Scientists Find Cause of Oregon Earthquakes October 28, 2009 at 10:39 am Scientists say a group of previously unknown faults was behind an odd swarm of earthquakes last year off the Oregon Coast. But just what set them off remains unknown. Oregon State University ... Schwarzbach Named Underwriting Vice President for Atlantic Casualty October 28, 2009 at 10:31 am Brian Schwarzbach has been named vice president of underwriting at North Carolina-based Atlantic Casualty Insurance Co., a member of the Strickland Insurance Group. Schwarzbach has been in ... Two People Injured in New York City House Explosion October 28, 2009 at 10:23 am New York fire officials say two people have been injured in an explosion that badly damaged a two-story home in the Flushing section of Queens. A Fire Department spokesman says one person was ... Sheffield to Tout Regulatory Role in Georgia Insurance Commissioner Race October 28, 2009 at 9:47 am Attorney Maria Sheffield has become the latest candidate to enter the Republican primary to be the next insurance commissioner in Georgia. She is one of several candidates hoping to succeed ... AIR Involved in 80% of $2.1 Billion in Catastrophe Bonds Issued in 2009 October 28, 2009 at 9:15 am Boston-based AIR Worldwide Corp. (AIR) reported that it has provided risk modeling and analytical services for over 80 percent of the $2.1 billion of catastrophe bonds issued to date in 2009. ... W.R. Berkley Reports Q3 Profit; CEO Sees Turn in Cycle 'Inevitable' October 28, 2009 at 9:09 am Insurance holding company W. R. Berkley Corp. reported net income for the third quarter of 2009 of $98 million, compared to a net loss of $28 million for the third quarter of 2008. Operating ... Minnesota Judge Rules Federal Law Blocks Medtronic Heart Device Suits October 28, 2009 at 8:47 am A Minnesota state court judge has dismissed a batch of lawsuits against Medtronic Inc. stemming from the October 2007 recall of the medical device maker's Sprint Fidelis defibrillator ... Financial Regulation Bill Unveiled; National Insurance Office Put Off October 28, 2009 at 8:40 am The Obama administration made gains Tuesday in its push for U.S. financial reform, unveiling a landmark bill to tackle systemic risk in the economy and winning congressional committee approval for ... Washington Commissioner Wants Flood Insurance Law October 28, 2009 at 8:32 am With some businesses in south King County finding it extremely difficult to buy enough flood coverage, Washington's top insurance regulator is calling for broader powers to intervene when a local ... Mississippi School District Sued Again Over Alleged Paddling of Student October 28, 2009 at 8:08 am A school district in Mississippi's Leflore County has been hit with a lawsuit from a student alleging injuries from a paddling. An 11-year-old is seeking $500,000 from the Greenwood Public ... Alabama Attorney's Suit Against Scruggs Assigned to Judge in Texas October 28, 2009 at 8:06 am A federal judge in Texas has been assigned to preside over an Alabama attorney's lawsuit that alleges imprisoned attorney Richard "Dickie'' Scruggs and several others conspired to defraud him of ... Ex-Anheuser Busch Executive Sues, Alleging Gender Bias Against Women October 28, 2009 at 7:57 am A former top female executive at Anheuser-Busch InBev NV has sued the world's largest brewer for gender bias, accusing it of paying women less than men while maintaining a "frat party'' ... Best Assigns 'A' Ratings to Lloyd's Syndicates 3623, 3622 (Beazley) October 28, 2009 at 7:29 am A.M. Best Co. has assigned its Best's Syndicate Ratings of 'A' (Excellent) and issuer credit ratings of "a+" to Lloyd's Syndicate 3623 and Lloyd's Syndicate 3622, with stable ... Liberty Mutual Posts $265 Million Q3 Net Income; $1 Billion for 9 Months October 28, 2009 at 7:26 am Liberty Mutual Group's results for the third quarter of 2009 are in sharp contrast to the same period of 2008. The group reported net income for the period of $265 million for the period. Its ... ACE Limited Posts $494 Million Q3 Net; Conference Call Today October 28, 2009 at 7:14 am The Swiss mountain air seems to agree with ACE Limited, as it reported net income for the third quarter of $494 million, or $1.46 per share, compared with $0.16 per share for the same quarter last ... Marsh Names Markey to Head UK Affinity Business October 28, 2009 at 7:06 am Marsh's London office announced the appointment of Simon Markey as Chief Executive of its UK Affinity business. He is based in London and will report directly to Martin South, CEO of Marsh UK. ...   This email was sent to zackmania84@gmail.com.  Create Your Account Don't want to receive this feed any longer? Unsubscribe here.