The South Carolina Senate Banking and Insurance Committee’s recent favorable report on a bill creating “flex band” rating for homeowners and fire insurance is reportedly an encouraging first step toward passing legislation that will replace the state’s prior approval rating …
Walgreens said it is calling on the California state legislature to restore cuts to workers’ compensation reimbursement to acceptable levels, as currently reflected in Senate Bill X4-10. If action isn’t taken within 30 days, Walgreens will require cash payment from …
The Independent Community Bankers of America announced a strategic alliance with The Iroquois Group that will expand the property and casualty markets and revenue opportunities for ICBA members’ existing insurance agencies. Under the alliance, ICBA members’ P/C agencies take part …
St. Paul, Minn.-based insurer The St. Paul Cos. fourth-quarter 2003 net income of $52 million, or 21 cents per share, including a previously announced fourth-quarter after-tax health-care reserve charge of $228 million, or 98 cents per share. Net income for …
Fairfield-based Ohio Casualty Corp., the corporate parent of Ohio Casualty Insurance Co., announced that Michael Winner has been named senior vice president of finance and controller of the company, effective Feb. 9, 2004. Winner comes to Ohio Casualty from Columbus-based …
A.M. Best Co. has assigned a debt rating of “bbb” to the $100 million 30-year senior unsecured notes to be issued by Cincinnati-based American Financial Group Inc. (AFG), the corporate parent of the Great American Insurance Group. The notes are …
American International Group, Inc.’s Board of Directors announced the election of former United States Secretary of Defense and former United States Senator William S. Cohen as a Director. Cohen, 63, is currently Chairman and CEO of The Cohen Group, a …
Insurance holding company NYMAGIC, INC. announced that it has selected Richard Lewis Communications, Inc. (RLC) of New York as its public relations and advertising agency. “NYMAGIC, INC. has worked with RLC for several years on a project basis,” stated NYMAGIC …
Carvill, a leading independent reinsurance intermediary in Specialty business, announced that John Beckman has joined its ReAdvisory team as a senior vice president. He will be responsible for further developing ReAdvisory’s capabilities and providing key client services, such as actuarial, …
New York City Comptroller William C. Thompson, Jr. announced that his office has embarked on an innovative demonstration project using Cybersettle, a computerized system to resolve claims and lawsuits filed against the City. The goal is to accelerate the resolution …
