The Independent Insurance Agents & Brokers of America announced that it has asked the U.S. Supreme Court to hear an appeal of the Fourth Circuit Court of Appeals decision in which the lower court ruled that West Virginia’s insurance consumer …
The Insurance Bureau of Canada announced that it will sponsor a one-day conference at the sixth annual Automotive Insurers and Manufacturers Forum (AIM) to be held Wednesday, May 14, 2003 at the Metro Toronto Convention Centre, Constitution Hall, Room 105, …
Standard & Poor’s Ratings Services announced that it has affirmed its ‘BBB-‘ counterparty credit rating on White Mountains Insurance Group Ltd. (WTM) and its ‘BBB-‘ counterparty credit and senior unsecured debt ratings on WTM’s intermediate holding company, Fund American Companies …
LOMA announced that, due to the SARS outbreak, it has rescheduled its Third International Underwriting Congress (IUC) for November 9-12, 2003, at the Shangri-La Hotel in Singapore. “We regret the inconvenience postponement, due to unfortunate circumstances beyond anyone’s control, may …
The Insurance Bureau of Canada (IBC) announced the launch of its new, national Foundation for the Future program that “recognizes the efforts of communities to manage exposure to natural disasters, extreme weather and weather-related events.” IBC President and CEO Stan …
A.M. Best Co. announced that it has assigned a financial strength rating of B++ (Very Good) to SCHWARZMEER UND OSTSEE Versicherungs-Aktiengesellschaft SOVAG (Sovag) of Hamburg, Germany with a stable outlook. Although based in Hamburg, the company’s major shareholder is Ingosstrakh, …
Southfield, Mich.-based Meadowbrook Insurance Group’s quarterly profit grew more than 200 percent to $2.8 million, or 9 cents per share, compared to $910,000, or 11 cents per share in 2002. The improvement in net income reflects an increase in fee-for-service …
Ohio Casualty Corp. announced first-quarter net income of $19.9 million, or 33 cents per share, down 26 percent from $26.9 million, or 44 cents per share a year ago. CEO Dan Carmichael blamed the results on catastrophe losses, poor workers’ …
The Professional Independent Insurance Agents of Illinois said in a statement it approves of the state Senate’s yes vote on HB 1640 Osmond (Jacobs) Insurers Use of Credit Scoring. The bill, which passed the Senate May 6 will now be …
An attorney group focused on the defense of insurance companies against class actions has joined law firm of Sidley Austin Brown & Wood. Joel S. Feldman and Bruce Braverman have become partners in Sidley’s Chicago office, accompanied by Jeffrey E. …
