Standard & Poor’s Ratings Services announced that it has raised its long-term counterparty credit ratings on Netherlands-incorporated ING Bank N.V. and fellow core banks ING Belgium SA/NV and ING Bank (Australia) Ltd. to “AA” from “AA-.” S&P also affirmed its …
The National Association of Professional Insurance Agents has named Kellie Bray to head its federal affairs efforts as assistant vice president of federal affairs. “Kellie Bray is an effective advocate for professional insurance agents on Capitol Hill,” Brevik said. “She …
California Insurance Commissioner John Garamendi on Thursday announced the arrests of an El Dorado County chiropractor and three Central Valley chiropractors on multiple felony counts, including insurance fraud. Joseph R. Ambrose, 43, of El Dorado Hills, Richard Guadalupe Saucedo, 62, …
Victor O. Schinnerer & Company has announced that John F. Shettle Jr. took over as president on Aug. 15, 2005. Shettle comes to Schinnerer with a background of over 20 years in senior management positions in the property/casualty and insurance-related …
Diederich Insurance Agency of Carbondale, Ill. today announced the holdings acquisition of Doctors’ Financial Group, Inc. of Denver, Colo. Terms of the transaction were not disclosed. Doctors’ Financial Group, Inc. offers medical professional liability services for their physician and surgery …
USI Holdings Corporation, Briarcliff Manor, N.Y., today announced it has reached an agreement in principle to acquire Cincinnati, Ohio-based Richard B. Cross & Associates, Inc. sometime next month. Terms of the transaction were not disclosed. Cross has been providing retail …
Texas Builders Insurance Company has earned a Financial Stability Rating (FSR) of A, Exceptional from Demotech Inc. This level of Financial Stability Rating is applicable to insurers possessing exceptional ability to maintain liquidity of invested assets, quality reinsurance, acceptable financial …
The following is an op-ed or “Letters” statement from The Brain Injury Association of Pennsylvania: Pennsylvania passed a law to allow motorcyclists to drive without wearing a helmet. But who pays the medical bills when a motorcyclist suffers a catastrophic …
GE Insurance Solutions COO Richard Smith has left the company to become chairman-elect and CEO of Equifax Inc. Smith, 45, will succeed Thomas Chapman, who will retire at the end of the year. Smith worked at General Electric Co. for …
Illinois Gov. Rod Blagojevich on Thursday signed into law a medical malpractice bill that will establish caps on noneconomic damages and institute other reforms to the state’s troubled med-mal system. But while insurers are pleased with the damage caps, there …
