With the help of a PHA accomplice, Kobie West created a fake invoice of $2,141,523 for worker’s compensation coverage, then included a commission of $181,202 for the money he stole…
Newswires
In addition, the restricted stock granted to Mr. Ward under the Validus Holdings, Ltd. 2005 Long-Term Incentive Plan will vest as scheduled in the Employment Agreement, provided that Mr. Ward complies with certain restrictive covenants referenced in the Employment Agreement. Upon termination of the Employment Period for any reason, Mr. Ward will continue to…
The Wealth Channel, produced by American College, asked Editor-in-Chief Steven A. Morelli to discuss the impact of a case in which an agent was convicted of theft for selling an annuity…
A.M. Best Co. has affirmed the financial strength rating of A and issuer credit ratings of“ a” of the subsidiaries of Safety Insurance Group, Inc.: Safety Insurance Company, Safety Indemnity Insurance Company and Safety Property and Casualty Insurance Company, collectively known as Safety Group. Concurrently, A.M. Best has affirmed the ICR of“ bbb” of Safety’ s…
A.M. Best Co. has downgraded the financial strength rating to A- from A and issuer credit ratings to“ a-” from“ a” of Canal Insurance Company and its wholly-owned and 100% reinsured subsidiary, Canal Indemnity Company. Together, these companies are known as the Canal Group. The outlook for all ratings has been revised to stable from negative. The rating downgrades…
Janney Capital Markets announced that it has appointed Jeff Woodford to a new post as Co-Head of Equities in an organizational change intended to provide additional leadership and support to the firm’ s growing Equity Capital Markets business unit. About Janney Montgomery Scott LLC. Established in 1832, Janney Montgomery Scott LLC provides comprehensive…
A.M. Best Co. has affirmed the financial strength rating of A+ and issuer credit rating of“ aa-” of Top Layer Reinsurance Ltd.. Top Layer’ s capitalization is enhanced through various contractual obligations, resulting in substantial capital support and reinsurance protection from State Farm and, to a much lesser degree, RenRe. The occurrence of losses will…
A.M. Best Co. has upgraded the issuer credit ratings to“ a+” from“ a” and affirmed the financial strength rating of A of Atain Specialty Insurance Company and its wholly-owned subsidiary, Atain Insurance Company both of which operate under an intercompany pooling agreement. The outlook for the ICRs has been revised to stable from positive, while the outlook for the…
Vertiv-Xavient LLC leverages complementary skills and delivery capabilities for multinational manufacturing, retail, financial services and telecom clients. NEW YORK& LOS ANGELES—- Vertiv, a leading provider of integrated technology solutions for the banking, insurance and financial services industries, and Xavient Information Systems, a global IT…
A.M. Best Co. has upgraded the financial strength rating to B from B- and issuer credit rating to“ bb” from“ bb-” of Forestry Mutual Insurance Company. The outlook for both ratings is stable. In addition, FMIC has benefitted from geographic diversification into neighboring states and its zero tolerance policy for failure to comply with safety requirements.
Household debt driven by mortgage credit expansion in the Canadian market is the main threat to the credit risk profiles of Canadian financial institutions, as highlighted by the stress tests outlined in Fitch Ratings’ special report published today. As of Jan. 31, 2012, the six largest Canadian banks had $912 billion of exposure to the domestic residential…
I recentlY reAD the results of a 2010 risk management survey posed to parks and recreation professionals, asking if they were aware of risk exposure conditions in their agencies’ programs, facilities, parks, land areas, playgrounds, and pools. *Management of Park and Recreation Agencies, 2005. Edited by Betty van der Smissen, Merry Moiseichik, and Vern J. Hartenburg.
The May 2011 EF-5 tornado scorched a 13-mile path through the heart of Joplin and beyond. It was the deadliest tornado since modern record keeping began in 1950…
Nearly 1,000 local residents participated in the fundraiser, said Dave Whitmore, the company’s Hawesville plant manager. The money was raised for Lydia Haycraft, daughter of Century employee Paul Haycraft; employee Larry Edge; and Tammy Miller, who retired recently after working several years at the smelting plant. Whitmore said all of the families attended;…
Members of a local parish hope to have angels driving alongside them this summer…
Evive Health has been recognized for excellence in healthcare marketing and communications by the Aster Awards, one of the largest and most respected national competitions of its kind. Selected from nearly 3,000 entries, Evive was honored with a“ Gold” award for the direct mail program it created on behalf of the state of Nebraska to educate its employees on…
May 21– This is the first of two articles covering contested Public Regulation Commission primaries. Three Democrats, including two who currently hold other public offices, are vying for their party’s nomination in the June 5 primary election to succeed two-term Public Regulation Commissioner Jason Marks in District 1. Looking to succeed him are Democrats…
Craig Swapp& Associates is now accepting Social Security disability cases involving clients who have been denied Social Security Disability Insurance and/or Supplemental Security Income. The firm is accepting new Social Security disability clients in Utah, Idaho and Washington. For the truly disabled, trying to receive their Social Security benefits…
FM Global will use the application to model highly complex wind and earthquake exposures at its commercial and industrial client locations in North America. The company has been named“ Best Property Insurer in the World” by Euromoney magazine and“ Best Global Property Insurer” by Global Finance magazine. AIR is a member of the Verisk Insurance Solutions group…
