The Georgia Department of Insurance approved this week the proposed merger of Cotton States Life Insurance Company with a subsidiary of COUNTRY Life Insurance Company, and the affiliation of Cotton States Mutual Insurance Company and its subsidiary, Shield Insurance Company, …
A.M. Best Co. has assigned an initial financial strength rating of A- (Excellent) and an issuer credit rating of “a-” to Wellington Specialty Insurance Company (Scottsdale, Ariz.) (Wellington Specialty), a newly formed U.S. insurer that is part of the Wellington …
California Attorney General Bill Lockyer subpoenaed Seattle-based property/casualty insurer Safeco Corp. in connection with his investigation into bid rigging and price fixing in the insurance industry, according to Reuters. Safeco said it would cooperate with the subpoena, which was received …
California Insurance Commissioner John Garamendi announced several arrests in a large, “paper collision” insurance fraud ring. He also asked the community to assist in locating three members who remain at large. On Oct. 6, 2004, seven of 10 suspects were …
The Professional Insurance Agents of New York State Inc. will feature two continuing education courses during its annual Metropolitan Regional Awareness Program, Thursday, Jan. 20, 2005, at the New York Marriott Brooklyn, Brooklyn, N.Y. This is PIANY’s first RAP scheduled …
A five-week internal investigation at Kansas City, Mo.-based commercial-lines carrier Employers Reinsurance Corp. has so far uncovered “isolated instances” of bids inflated at the request of Marsh Inc. brokers, according to a spokesman contacted by IJ. There were fewer than …
FLF Inc. d/b/a Diversified Risk Insurance Brokers, a commercial property and casualty insurance broker based in Emeryville, Calif., announced it had signed a definitive agreement to merge with Sutter Holding Company Inc. Diversified Risk Insurance Brokers is a founding member …
The Florida Legislature has asked for an investigation on $28 million in illicit insurance claims paid for damage done by Hurricane Frances in Miami and Dade County, an area barely touched by the hurricane. U.S. Rep. Clay Shaw, R-Fort Lauderdale, …
The Texas Department of Insurance (TDI) is reportedly taking steps to initiate new actions against State Farm Lloyds and Farmers Insurance Group in an effort to bring those insurers’ homeowners insurance rates into compliance with state law. TDI contends that …
Omaha, Neb.-based workers’ compensation carrier FirstComp Insurance Co. has landed a spot Inc. magazine’s 23rd annual list of the 500 fastest-growing private companies in the country. FirstComp, which serves small- and medium-sized businesses through independent agencies, was awarded its first-ever …
