A.M. Best Co. affirmed the financial strength rating of “A+” (Superior) for Capitol Transamerica Group, Madison, Wis., following Alleghany Corp.’s acquisition of the company. The rating reflects Capitol Transamerica’s superior level of capitalization, solid liquidity and outstanding operating leverage. In …
Mississippi Insurance Commissioner George Dale sold a home seized from a principal in the Martin Frankel financial fraud case and earmarked the proceeds for the companies looted by the former fugitive. According to the Mississippi Insurance Department, John A. Hackney, …
Judge Sarah S. Vance of the U.S. District Court for the Eastern District of Louisiana issued a ruling Jan. 4, granting motions by McDermott International Inc., a worldwide energy services company, and its subsidiary Babcock & Wilcox, for summary judgment …
Arkansas Insurance Commissioner Mike Pickens recently assured Arkansas doctors that medical malpractice insurance is still available in the state. Pickens made the announcement in response to the decision by St. Paul insurance companies to discontinue writing medical malpractice in Arkansas. …
Oklahoma state senators and representatives can expect to be provided with Krispy Kreme doughnuts when the Oklahoma Coalition of Insurance Agents meet for the 2002 Day at the Capitol in Oklahoma City on Feb. 12. Since the State Capitol building …
Rejecting an appeal of a previous court decision, the Louisiana Supreme Court let stand a lower court ruling that rejects the notion that insurers are required to pay for diminished value. The plaintiff in Campbell v. Markel American Insurance Cos. …
Top Flight Insurance Co. of Norman, Okla., is slated to acquire the nonstandard auto book of business from Oklahoma City-based Republic Casualty Insurance Co., which has been in receivership since Dec. 2000. According to Best Wire, Top Flight will pay …
I recently watched the movie, “Traffic,” with my teenaged daughter. Directed by Steven Soderbergh, it is a powerful film about how the drug trade reaches into all of our lives, even those that are seemingly the most insulated. We both …
The Setting Throughout the 1980’s and early 1990’s, the risk of bad faith liability was a major factor in evaluating third party claims for coverage. Ever increasing jury verdicts led to many inflated settlements of marginal claims. Indeed, the fear …
Early in 2000, insurance prices started doing something they had not done in almost 15 years. They began to increase, and they kept growing at a modest pace into the third quarter of 2001, when the events of September 11 …
