Team Insurance Group headquartered in Tulsa, Okla., announced the appointment of Brad Pfeiffer as vice president – senior client executive. Pfeiffer’s experience encompasses all facets of the industry. Prior to joining Team, Pfeiffer was with International Insurance Brokers Ltd., a …
Addison, Texas-based Affirmative Insurance Holdings Inc. reported it has signed definitive agreements to acquire the assets of two non-standard automobile insurance agency operations. In two separate transactions, Affirmative has agreed to acquire the assets of the retail agency and franchise …
At least 40 states have approved a settlement in an investigation of UnumProvident Corp., requiring the disability giant to reconsider about 200,000 claims and pay a $15 million fine, insurance officials involved in the deal said. Approval of the settlement …
Florida is suing a Savannah-based retail jewelry chain, alleging the company sold millions of dollars worth of insurance on jewelry items but failed to adequately disclose the costs to consumers. Friedman’s Inc. (OTCBB: FRDM.PK), which has 56 stores in Florida …
The U.S. Small Business Administration (SBA) has extended application deadlines to Jan. 3 for residents and business owners in Florida and Alabama. A spokesman said it has approved more than $1 billion in loans in Florida and other areas affected …
A.M. Best Co. announced that it has downgraded the financial strength rating to “A” (Excellent) from “A+” (Superior) of New York-based Sompo Japan Insurance Company of America (SJA), and has maintained a negative outlook on the rating. Best explained that …
According to a study published today by Standard & Poor’s Ratings Services, the U.S. property/casualty insurance industry has experienced greater ratings stability in 2004, primarily due to improved earnings. The study, entitled “Industry Report Card: U.S. Property/Casualty Insurers,” indicates that …
As more details emerge from Britain’s biggest bank robbery, it’s become clear that the Northern Bank in Belfast, Northern Ireland, which is owned by The National Australia Bank, had no insurance coverage. A National Bank spokesman told the BBC that …
A.M. Best Co. announced that it has affirmed the financial strength rating of “A+” (Excellent) of U.K. based HSB Engineering Insurance Limited (HSBEIL) with a stable outlook. Best said it “regards HSBEIL as a core operating subsidiary of its parent, …
Standard & Poor’s Ratings Services announced that it has revised its outlook on Canada’s Lindsey Morden Group Inc. (LMG) to stable from negative. S&P also said that it has affirmed its”‘B” counterparty credit rating on the company. “The revised outlook …
