A.M. Best Co. announced that it has assigned a “bbb” rating to the $50 million fixed to floating rate subordinated bonds due 2019 issued by the U.K.-based insurer Amlin plc. It also assigned an issuer credit rating of “bbb+” and …
A report from the Financial Times indicates that France’s Axa Group is in serious discussions with Credit Suisse to acquire Winterthur, the banking group’s insurance division. Credit Suisse had dropped hints earlier this month that it would be interested in …
Los Angeles-based Lockton Insurance Brokers Inc., a commercial insurance brokerage, announced that it has signed a seven-year lease for an additional 23,994 square feet of corporate headquarters space at downtown’s Ernst & Young Plaza. The new lease represents an expansion …
ACE INA, a U.S.-based division of The ACE Group of Companies, announced two appointments in its Government Affairs and Legal unit. Patricia Henry has been promoted to executive vice president, Government Affairs and Legal, and Robert Omrod has joined ACE …
West Virginia Gov. Bob Wise recently announced that the Disaster Recovery Board approved more than $3.8 million to assist West Virginians who have experienced repetitive flooding. “The money distributed through the Hazard Mitigation Grant Program allows us to purchase properties …
The 2003-04 session of the Pennsylvania General Assembly adjourned in the early hours of Nov. 21 to conclude what the industry’s American Insurance Association (AIA) described as a successful and productive legislative session. Insurers were particularly pleased with legislative activity …
State and federal officials plan to announce a lead paint settlement in that will require a prominent Boston real estate company to test for and remove lead paint from more than 7,000 apartments in Massachusetts. Officials say the consent decree …
The employer of two workers killed in a July construction accident on a Hobe Sound work site has been arrested and charged with workers’ compensation fraud, Florida’s Chief Financial Officer Tom Gallagher announced. According to investigators with the Department of …
A Denver sheriff’s deputy initially told he was ineligible for workers’ compensation after trying to rescue an infant from a burning house, might be able to receive benefits after all, authorities said. George Gatchis, 32, was nearly rendered unconscious and …
Kentucky Gov. Ernie Fletcher recently announced the appointment of Jon Ackerson of Louisville to the Kentucky Employers’ Mutual Insurance Authority Board of Directors. Ackerson is currently an attorney with Ackerson & Ackerson in Louisville. Ackerson has worked for more than …
