The Cincinnati-based Midland Company announced that it is withdrawing the registration statement relating to a proposed secondary offering of its common stock. Midland had filed the required documents on July 17 covering the proposed sale of 2,450,000 shares of its …
California-based BCF Technology, Inc., a provider of integration and aggregation software for the U.S. insurance and financial services markets, has launched its Transaction, Integration, Extraction, and Recovery (TIER) Platform. The TIER Platform enables insurance carriers, agents, brokers, and financial institutions …
Seattle-based SAFECO Corp. announced an offering to sell $375 million in 10-year bonds. SAFECO expects to use the net proceeds from the offering for the repayment of commercial paper borrowings and medium-term notes, and for general corporate purposes. Goldman, Sachs …
Seattle-based SAFECO named Stephanie Daley-Watson vice president and associate general. Prior to joining SAFECO, she served as of counsel with the Perkins Coie law firm in Seattle, advising companies on legal issues related to corporate finance, corporate governance and securities …
Investigators with the California Department of Insurance (CDI) Criminal Investigations Branch’s Fraud Division and the California Franchise Tax Board (FTB) announced the arrests of Benito Storniolo, 44, Laura Storniolo, 40, and Angelo Cardarelli, 37, of San Francisco for workers’ compensation …
Torrential rains, which have already been responsible for flash floods and landslides that have killed an estimated 250 people, are continuing in China’s heavily populated Hunan Province, raising threats of a widespread disaster. The Yangtze River is approaching flood levels …
A number of European insurers and reinsurers have indicated that despite the widespread damages caused by the ongoing floods in Germany and Eastern Europe, their exposure to claims is limited. With analysts now increasing their overall damage estimates daily – …
David Farmer, senior vice president of federal affairs for the Alliance of American Insurers, has sent a letter to the editor of the Wall Street Journal. In it, he rebuts a commentary the newspaper published by Holman W. Jenkins Jr., …
Taliant Software, LLP announced that The Amerisure Insurance Companies, one of the nation’s regional property and casualty insurance groups, has officially gone live with their new multi-state workers’ compensation policy processing system using Taliant Software’s PowerComp®. Amerisure and Taliant joined …
A.M. Best Co. has affirmed the group financial strength rating of A++ (Superior) of National Indemnity Group (NIG). The rating reflects the group’s extraordinary capitalization and balance sheet liquidity, superior earnings fundamentals, recognized leadership position in the global insurance and …
