The property/casualty industry voiced its “strongest objections” to any decision by the National Association of Insurance Commissioners (NAIC) to extend the annual statement data collection parameters of their market conduct pilot project beyond the agreed upon time frame. The Alliance …
International Marine Insurance Services (IMIS) and Markel American Insurance Company have partnered to establish The JacklineSM Insurance Program for world cruisers. Much like the safety gear after which it is named, this insurance program is designed with the intent of …
Based on his “no new taxes” platform, New Hampshire Governor Craig Benson has vetoed a bill that would have reportedly raised premium taxes for surplus lines insurers. “This bill would have been a disservice to surplus lines insurers and the …
A.M. Best Co. has placed the financial strength rating of A- (Excellent) of National Service Contract Insurance Company RRG (NSC) (Hawaii) under review with negative implications. The status will remain pending the results of an independent actuarial analysis of the …
The ISU Network added new members earlier this month according to T.J. Ryan III, president of ISU International. ISU Insurance Services – Feeney Durler West Agency, LLC of Santa Rosa, Calif. and ISU Insurance Services – The Wissink Agency of …
Bankers Insurance Group of St. Petersburg, Fla. announced that founder and chairman Bob Menke, recently celebrated his 70th birthday along with Bankers’ 30th anniversary. Perhaps best known for being the owner of one of the first companies to enter the …
Oklahoma Insurance Commissioner Carroll Fisher placed a Bethany insurance agency into supervision after learning that its owner may have stolen more than $100,000 from her customers in the form of refunds she hid from them. Aviation Insurance Group Agency was …
State Auto Financial Corp.’s largest individual shareholder boosted his takeover offer for the property and casualty insurer to about $316 million, but the firm’s majority owner gave the offer a frosty response. Greg Shepard, who owns about 5 percent of …
Pennsylvania-based Community Banks, Inc. (CBI) announced that it has completed its acquisition of Shultz Insurance Agency, Inc. of Hanover. Terms of the acquisition were not disclosed. “The Shultz Insurance Agency, which has served the Hanover community since 1933, will continue …
A.M. Best Co. announced that it has downgraded the financial strength rating to B (Fair) from B++ (Very Good) of the New York-based MLMIC Group, removed the rating from under review, and assigned a “negative” outlook. Best also said it …
