Cincinnati-based American Financial Group, Inc.recently announced that its 82 percent owned subsidiary, Great American Financial Resources, Inc. has reached an agreement to sell Great American Life Assurance Company of Puerto Rico to Triple-S Management Corporation, also of Puerto Rico. The …
The 2005 Insuring The Children Golf Tournament, which was held on Sept. 27, 2005 at California’s Santa Ana Country Club, has produced a net profit of $45,000, according to Edward F. Rochford of Chubb & Son and golf tournament director …
Northland Insurance, a subsidiary of St. Paul Travelers, has added two Non-Fleet coverage enhancements to its transportation insurance offerings in many states with a national rollout by the end of 2006. The new coverage includes Family Emergency Travel Coverage, travel …
A multimillion-dollar construction defects award was erased Thursday by a unanimous Nevada Supreme Court decision that held the case had been improperly given class-action status by a lower court judge. The high court ruling favors Beazer Homes Holding Corp. and …
Michigan’s Attorney General Mike Cox warned consumers today about the danger of flood-damaged vehicles. A Consumer Alert, Used Vehicle Buyers Watch for Flood Damage, posted to the attorney general’s Website provides tips to avoid unpleasant surprises. “There may be half …
When Maryland’s physician quality board comes up for review during the next legislative session, some are calling for tougher measures to deal with doctors who are the subject of multiple complaints. Until 2003, state law required the state’s medical board …
Darrell E. Stidham, a Pensacola, Fla. agent has had his license revoked due to multiple violations, including scamming a blind client according to an announcement by Tom Gallagher, Florida’s CFO. Stidham, 54, has surrendered his licenses to sell life and …
The last minute compromise agreement reached in the latest World Trade Organization negotiations in Hong Kong enabled the trade delegations of the various countries involved to put on a brave face. The industrialized world – mainly the U.S., Europe and …
A bulletin on the Lloyd’s Web site notes that “claims from the biggest fire in Europe for over 50 years [the Buncefield fire] will impact the London market in two phases, according to a major loss adjuster assessing the recent …
A.M. Best Co. announced that it has assigned a financial strength rating (FSR) of “A-” (Excellent) and an issuer credit rating (ICR) of “a-” to Bermuda-based Lancashire Insurance Company. Concurrently, Best assigned an ICR of “bbb-” to the parent company, …
