The Professional Insurance Agents of New York State Inc. announced that Marshall Rubenstein, CIC, president of Margold Insurance Agency in Hicksville, will receive the Distinguished Insurance Service award to be presented at the association’s annual conference which will be held …
A.M. Best Co. announced that it has assigned a “bbb-“senior unsecured debt rating to Philadelphia-based PMA Capital Corporation’s $50 million senior notes maturing in 2018. The notes carry an interest rate of 8.5% and are being issued under the company’s …
The Alliance of American Insurers issued a bulletin indicating that proposed changes to the District of Columbia’s auto insurance regulations “would assure the use of quality generic aftermarket replacement parts, thereby improving quality while helping insurers keep claims costs in …
The New York Healthcare Alliance (NYHA), a coalition of healthcare providers and workers from approximately 75 hospitals throughout the state, has issued a warning that, as a result of a recent court ruling, “New Yorkers will lose critical medical services …
A.M. Best Co. announced that it has assigned a “Best’s syndicate rating of A- (Excellent) to Lloyd’s Syndicate 2010, managed by Cathedral Underwriting Ltd.” , with a “stable” outlook. “The rating reflects the syndicate’s excellent prospective operating performance and business …
A.M. Best Co. issued an announcement commenting on Munich Re’s first quarter earnings report, which recorded a $280 million net loss (See IJ Website June 2), indicating that the company’s ‘A++’ (Superior) rating was not in danger. “Despite further write-offs …
Swiss-based Converium Holdings announced that the U.K.’s Financial Services Authority (FSA) has granted the company’s request to conduct a general liability insurance business. It also announced, in accordance with Swiss law, that Germany’s Deutsche Bank (DB) now holds approximately 7.96 …
Denver-based Moody Insurance Agency hired Monika Waddoups as an account executive and the newest member of its Commercial Lines division. Waddoups, who has more than three years of experience in the insurance industry, previously worked for Liberty Mutual Insurance. Waddoups …
A.M. Best Company has re-affirmed the A- (Excellent) rating for Majestic Insurance Company, a San Francisco, Calif.-based workers’ compensation insurance carrier. This rating category is assigned to companies that have, on balance, excellent financial strength, operating performance and market profile …
The California Court of Appeal recently ruled that Lloyd’s of London could not force a self-employed plumbing contractor to arbitrate his claim for bad faith denial of disability insurance benefits. Trial Lawyers for Public Justice (TLPJ) represented plaintiff Antone Boghos …
