National Association of Mutual Insurance Companies (NAMIC) Federal Affairs vice president, Monte Ward, issued the following statement in response to the National Association of Realtors (NAR) media briefing, regarding access to and cost of insurance as barriers to homeownership. “The …
A.M. Best Co. has commented that the financial strength rating of A- (Excellent) of The Royal & Sun Alliance Insurance Group plc (R&SA), United Kingdom and the “bbb” and “bbb-” ratings of its subordinated debt and preferred stock remain unchanged …
Endurance Specialty Holdings named Thomas Bell as president of its Bermuda operating subsidiary, Endurance Specialty Insurance Ltd. (Endurance Specialty). Bell, who joined Endurance Specialty in December 2001 as executive vice president of Reinsurance Operations, will now be responsible for Endurance …
Risk Enterprise Management Limited (REM) announced that one of its run-off clients, Home Insurance Company (The Home), was placed into voluntary Rehabilitation pursuant to an Order of Rehabilitation by the Superior Court of New Hampshire. The Order appoints New Hampshire …
A study commissioned by the Alaska Insurance Division on the use of credit-based insurance scoring did not find a connection between insurance scores and income or ethnicity. Moreover, the report is riddled with shortcomings and inaccuracies, according to the National …
Cordia Corp., an Orlando, Fla.-based provider of telecommunication and tech-enabled outsourced services, announced it has sold its remaining insurance-related operating subsidiaries, for the purchase price of $750,000 in the form of a note secured by shares of common stock of …
Gary Atnip, a Tennessee accountant who allegedly helped funnel $18 million to financier Martin Frankel in an insurance fraud scheme, pleaded guilty in Tennessee Court to state charges of computer fraud. According to the Associated Press, Atnip served as chief …
Philadelphia-based PMA Capital announced that Moody’s Investors Service issued a release stating that it has lowered the long-term debt ratings of PMA Capital Corporation (PMACC) to Ba1 from Baa3 and the insurance financial strength rating of PMA Capital Insurance Company …
Agents seeking to help their business customers succeed in the global marketplace now can access a wide range of relevant tools and information right from their computer. Through its sponsorship of the International Trade Data Network (ITDN), The Hartford Financial …
The Missouri House of Representatives has passed a bill that would limit lawyers’ contingency fees, damages against emergency-room personnel, and require a signed affidavit from a board-certified physician in the same specialty as the defendant attesting to the facts of …
