Cincinnati-based American Financial Group Inc. announced that its principal property and casualty insurance subsidiary, Great American Insurance Company, was notified of an arbitration decision resulting from its share of a property fire and business interruption claim. The company has not …
The Alabama Insurance Department announced it will hold public hearings on the proposed revisions of private passenger automobile insurance rates and rules as filed and requested by the four separate companies on June 18, 2003. The hearings, which will be …
The Alliance of American Insurers announced that one of its insurance safety experts told Arkansas officials that a proposed change to the way Arkansas regulates insurer safety programs will create additional costs with no corresponding improvement in workplace safety. Speaking …
A premium tax bill currently under consideration in the Alabama special legislative session would unfairly penalize insurers and ultimately discourage healthy competition in the state insurance market, according to the National Association of Independent Insurers. H.B. 13, which would reduce …
Standard & Poor’s Ratings Services assigned its “R” financial strength rating to Bossier City, La.-based Patterson Insurance Co. as a result of the company’s ongoing liquidation. Patterson was placed into liquidation on March 17, 2003, by the 19th Judicial District …
Acordia announced that John Sacia is the new managing director of Acordia’s Northwest Area in its Mountain West Regional operation. The newly formed Northwest Area includes the company’s Seattle and Portland offices. In his new capacity, Sacia will be responsible …
U.S. Risk Insurance Group announced the addition of John Keane as executive vice president of U.S. Risk Underwriters, Inc. Keane will be involved in many strategic and operational aspects of the company, including day to day underwriting activities, new business …
A.M. Best Co. has downgraded the financial strength ratings to C (Weak) from B (Fair) of Republic Western Insurance Company (Arizona) and North American Fire & Casualty Insurance Company (Louisiana). The companies are subsidiaries of AMERCO (Reno, Nev.), which is …
Massachusetts-based Allmerica Financial Corporation has incurred approximately $19 million in pre-tax catastrophe losses to date in the second quarter. The losses are primarily the result of hail, high winds, and tornadoes, principally in the Midwest and South from April 1 …
