Brown & Brown Inc. is confident that twin investigations of the insurance industry by Florida officials will reveal no wrongdoing by the Daytona Beach-based company or its brokers, its president says. Jim Henderson, Brown & Brown’s president and chief operating …
Standard & Poor’s Ratings Services announced that it has revised its outlook on French reinsurer SCOR and its guaranteed subsidiaries to positive from stable. At the same time, S&P affirmed its ‘BBB+’ long-term counterparty credit and insurer financial strength ratings …
Harvard Pilgrim Health Care and The Guardian Life Insurance Company of America (Guardian) have formed a strategic marketing alliance in Massachusetts, effective November 1, 2004. As a result, Massachusetts-based employers will be eligible for discounted Guardian dental coverage products when …
A flurry of special dividends and a series of rate reduction announcements from auto insurers, coupled with increased competition and new regulations adopted by the New Jersey insurance department, are helping to reshape the state’s long-plagued auto insurance market, according …
Vesta Insurance Group, Inc. (NYSE:VTA) announced it is delaying its earnings release and previously scheduled conference call until Nov. 16. The Birmingham, Ala.-based company will file a SEC Form 12b-25 to delay the filing of its Form 10-Q until Nov. …
Tom Jones has been an insurance agent for 28 years, but he’s never had to file a claim like this. Jones, a State Farm Insurance agent whose office is in Brentwood, was the victim of a break-in yesterday morning — …
Florida hurricane victims who are unhappy with their insurance settlement offers can meet next week with state-certified officials and a representative from their insurance company to work toward an agreement and argue for more money. The Department of Financial Services …
A.M. Best Co. announced that it has placed the financial strength rating of “B++” (Very Good) of L’Unique Compagnie D’Assurances Generales (Quebec) under review with developing implications. “The current under review status reflects the pending sale of L’Unique to La …
PartnerRe Ltd. announced from its Bermuda headquarters that it has priced an offering of 8,000,000 Series D Cumulative Redeemable Preferred Shares (the “Series D Preferred Shares”). The offering is expected to close on November 15, 2004. “In connection with this …
Bermuda-based AXIS Capital Holdings Limited announced that it has priced an offering to sell $500 million of senior notes due 2014. The senior notes will bear interest at 5.75 percent per year and, unless previously redeemed, will mature on December …
