Underwriting
Tower Reserve Charge Prompts Fitch Downgrade, Carrier Review of Options
Tower Group International, Ltd. announced reserve and goodwill charges representing over 60 percent of year-end 2012 shareholder's equity Monday, prompting Fitch Ratings to cut the financial strength ...
Ironshore Offering $300M Capacity for Global Terror Cover
Ironshore Inc. announced Monday that $300 million of capacity is now available through its global terrorism and sabotage program underwritten by Ironshore's Lloyd's Pembroke Syndicate 4000. ...A.M. Best Downgrades American Safety RRG
On Monday, A.M. Best Co. announced that it downgraded the financial strength rating (FSR) of American Safety Risk Retention Group, Inc. to B++ (Good) from A (Excellent). Best noted that American ...
New York Ranks No. 2 Behind Calif. for Questionable Workers Comp Claims
New York is second in the nation, only behind California, for questionable workers compensation insurance claims. New York jumped to second in 2012 from fifth in 2011, the New York Insurance ...
Adobe Says Source Code, Customer Data Stolen By Hackers
Adobe Systems Inc. said on Thursday that hackers had stolen source code to some of its most popular software and data about millions of its customers. Security experts worry about the theft of source ...
California Gives Immigrants Driver’s Licenses
Gov. Jerry Brown signed a bill Thursday adding California to the growing list of states allowing immigrants living in the country illegally to obtain driver's licenses. Immigrant advocates have long ...
BlackBerry Faces Class Action Shareholder Lawsuit
A class action lawsuit has been filed against BlackBerry by a shareholder claiming the company misled investors about its future, including how the BlackBerry 10 smartphone line would fare against ...
Court Favors Abercrombie in Okla. EEOC Suit Over Hijab
A federal appeals court has dismissed claims by an Oklahoma woman who says she was not hired by retailer Abercrombie & Fitch because her headscarf conflicted with the company's dress code, which ...