The Florida Office of Statewide Prosecution has charged Ramy Vaserman and Joseph Korinek with five counts each of grand theft after the two allegedly bought 31 cars at auto auctions using bad checks. An investigation by the Florida Department of …
Enacting key reforms to Kentucky’s tort litigation rules is the single most important step the state can take to improve its medical malpractice insurance environment, the American Insurance Association (AIA) said at a hearing held by the Kentucky Department of …
A.M. Best Company has affirmed an A+ (Superior) rating of Houston-based HCC Insurance Holdings, Inc. group of companies, consisting of Houston Casualty Company, U.S. Specialty Insurance Company and Avemco Insurance Company. In addition, their rating of HCC Life Insurance Company …
Illinois-based Insurance Auto Auctions, Inc., a provider of automotive salvage and claims processing services in the United States, acquired Southern Missouri Insurance Pool, Inc., a 27-acre operation located in Springfield, Mo. Strategically located in the southern part of the state, …
The Midland Company, a provider of specialty insurance products and services based in Cincinnati, reported gains in revenue and earnings for the second quarter 2002. The company said net operating income (net income excluding capital gains/ losses) for the second …
Standard & Poor’s has revised its financial strength rating on American Horizon Insurance Co. to ‘R’ from double-‘Bpi’ after learning that the Cook County, Ill. Circuit Court issued a liquidation order with a finding of insolvency against the company on …
The Board of Directors of New York-based Interboro Mutual Indemnity Insurance Company announced the election of William S. Gibson as president, CEO and as a member of the Board. At the same meeting, the Board of Directors also elected Henry …
The Western States Surplus Lines Conference rolls into Whistler, British Columbia July 25-28. A variety of sessions will be held, and continuing education credits will be available for each state through the respective stamping offices. Among the scheduled speakers are …
Kibble & Prentice, one of the largest independent insurance brokerage firms in the Pacific Northwest, has acquired Rourke & Bell, a Pacific Northwest personal and business insurance brokerage. Employees of Rourke & Bell, a family-owned firm with 95 years’ experience, …
Standard & Poor’s has assigned its preliminary triple-‘B’-plus senior debt, triple-‘B’ subordinated debt, and triple-‘B’-minus preferred stock ratings to Seattle- based SAFECO Corp.’s $900 million universal shelf registration, which was filed in May 2002. At the same time, Standard & …
