Best Affirms Balboa Insurance Co., Subs Ratings, as Transfer to QBE Continues

of California-based Balboa Insurance Company and its wholly owned subsidiaries, Meritplan Insurance Company and Phoenix-based Newport Insurance Company, which operate under an intercompany reinsurance pooling agreement, collectively referred to as Balboa Insurance Group. All of the companies are owned by the BA Insurance Group, Inc., which is ultimately owned by Bank of America Corporation (BAC). The outlook for all ratings is stable.

The rating affirmations

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Cleanup Continues At Louisiana Explosive Company

December 20, 2012Email ThisPrintNewslettersTweetArticleComments

Authorities say it could take up to three weeks to finish moving military propellant into storage at an explosives recycling company that caused the evacuation of a Louisiana town.

The town of Doyline was evacuated earlier this month after authorities said they found 6 million pounds of the material improperly stored at Explo Systems Inc.

Explo contracts with the military to demilitarize explosives and other materials.

The company rents space at a National Guard base in north Louisiana.

The material found improperly stored on the base is called M6 and is used as a propellant for artillery rounds.

Louisiana State Police spokesman Matt Harris says Wednesday that crews have moved 4.4 million pounds of product into proper storage sites.

A criminal investigation into the company’s handling of the product is ongoing.

Copyright 2012 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.Email ThisPrintNewslettersTweetCategories: Texas / South Central NewsTopics: cleanup, hazardous materials, LouisianaHave a hot lead? Email us at newsdesk

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Final Laps: Logano continues streak for JGR

Joey Logano gets a push from Keselowski on the final restart, and holds on to capture the eighth consecutive NNS victory at Fontana for JGR. Editor's Picks

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