The National Association of Mutual Insurance Companies responded to President Bush’s State of the Union address Tuesday evening which addressed a number of issues, including litigation. “NAMIC strongly commends the President for including protection from frivolous lawsuits for small businesses …
Rain and Hail L.L.C., a national crop insurance underwriter, is the newest company partner of Trusted Choice —the national branding initiative created for independent agents and brokers that highlights the benefits they offer to consumers. Rain and Hail, based in …
Fitch Ratings has affirmed the ‘A’ long-term issuer and senior debt ratings of Citizens Property Insurance Corporation (Citizens). This includes the ‘A’ rating assigned to the high-risk account senior secured pre-event note issue (Series 1997A). Fitch has also affirmed the …
Dallas-based MarketScout, an online property and casualty insurance exchange, announced that over 50,000 agents are now using its site. Richard Kerr, formerly a main board member of Lambert Fenchurch and chairman and CEO of the group’s US Operations, launched MarketScout …
Philadelphia-based ACE USA, the U.S.-based retail operations of the ACE Group of Companies, announced the promotion of Philip Twietmeyer to Senior Vice President of ACE Select Markets. Based in Cherry Hill, N.J., Twietmeyer will continue to have overall responsibility for …
A.M. Best Co. announced that it has upgraded the financial strength ratings of Massachusetts-based Allmerica Financial Corp.’s P/C companies (AFC) to “A-” (Excellent) from “B++” (Very Good). Life and health companies were upgraded to “B+” (Very Good) from “B-” (Fair), …
Meadowbrook/TPA Associates, a third-party administrator of self-insured workers’ compensation programs, announced that it is distributing $4,023,874 in dividends to 520 Massachusetts businesses who are members of the self-insured groups the company manages. Meadowbrook’s bulletin noted that this is especially welcome …
The American Medical Association called for medical liability reform to stem the tide of Maryland’s growing medical liability crisis at a rally held in front of the State Capitol in Annapolis yesterday. Joining leaders from MedChi, Maryland’s state medical society, …
Bermuda-based Aspen Insurance Holdings Limited announced that Anthony Taylor has stepped down from its Board of Directors, effective immediately. Aspen is in the process of initiating a search for his replacement. Taylor had served as a director of Aspen since …
Seattle-based Milliman Global, an organization of independent, international consulting firms, announced that the Netherlands’ Actuac and Japan’s IIC Partners have joined its roster of international consulting associates. “Each firm is a leading employee benefits consultancy in its respective market,” said …
