Independent agents now have access to an informative guide about finding, hiring, training and compensating excellent producers, thanks to the newest offering of the Independent Insurance Agents of America’s (IIAA) Best Practices program. Top Producers: Discover, Train, Reward offers a …
Standard & Poor’s lowered its counterparty credit and financial strength ratings on Farmers Insurance Exchange group (Farmers) to “AA-” from “AA+” and placed the ratings on CreditWatch negative. At the same time, S&P lowered its subordinated debt rating on the …
21st Century Holding Company, a vertically integrated financial service holding company, reported a net loss of $1,489,671 or $.47 per average common share for its second quarter ended June 30, 2001, compared to net income of $334,769 or $.10 per …
The insurance license of agent Stephen Donahue of Cincinnati was revoked as was the resident agency license of Donahue Securities Inc. of Cincinnati by Ohio Department of Insurance Director Lee Covington. Earlier in the year, the Department of Commerce, Division …
AXA’s U.K. operations will finally have a new CEO when Dennis Holt, currently the head of retail banking for Lloyds TSB, takes over as Group Chief Executive on September 1st. Holt’s selection ends a search for a new CEO which …
Neither Standard & Poor’s Financial Services Ratings Group nor investment bank Morgan Stanley is bullish on the reinsurance industry these days. S&P issued a report affirming its “negative outlook on the European reinsurance market,” and warned that it’s likely that …
PMA Re announced that it has become the newest member of the International Insurance Council (IIC), a Washington D.C.-based association active in promoting increased trade and investment relations around the world. Commenting on joining IIC, Victor Baillargeon, vice president of …
A.M. Best Co. affirmed the “A” (Excellent) rating of Lloyd’s and removed its negative outlook. This negative outlook was affirmed on June 28, 2001to reflect A.M. Best’s concerns over the accelerating rate of asbestos-related claims, which could lead to a …
New York State Insurance Department Superintendent Gregory Serio, along with host of other agencies, announced the filing of charges against 67 individuals allegedly involved in a major insurance fraud ring. Criminal charges were filed against Quentin Hawkins, also known as …
Pennsylvania Insurance Commissioner M. Diane Koken announced the Insurance Department has finalized regulations protecting the financial privacy of Pennsylvania insurance consumers. With this new regulation, insurance companies and other financial institutions are required to send annual notices informing their customers …
