The Hanover Insurance Group, Inc.’s board of directors has authorized the previously announced share repurchase program of up to $200 million funded from the proceeds from the sale of its life insurance subsidiary, Allmerica Financial Life Insurance and Annuity Company …
The New York State Insurance Department’s 2005 Annual Ranking of Automobile Insurance Complaints shows Progressive Insurance Group placed highest among the 10 auto insurers with the largest New York market share, finishing in 16th place. The three auto insurers with …
State and local public and insurance industry officials brought their united antifraud effort to Chelsea this week, hoping to reduce insurance claims and staged accidents. The Chelsea task force is the eighth that is modeled after the efforts in Lawrence …
A.M. Best Co. announced that it has affirmed the financial strength rating of “A-” (Excellent) and assigned an issuer credit rating (ICR) of “a-” to South Korea’s LG Insurance Company Ltd. with a stable outlook. “The ratings reflect LG Insurance’s …
A.M. Best Co. announced that it has affirmed the financial strength rating of “A-” (Excellent) and assigned an issuer credit rating (ICR) of “a-” to Korea’s Dongbu Insurance Company, Ltd. with a stable outlook. “The ratings reflect Dongbu’s strong capitalization, …
A.M. Best Co. announced that it has affirmed the financial strength rating of “A+” (Superior) and assigned an issuer credit rating (ICR) of “aa-” to Sompo Japan Insurance Inc. However, Best maintained its negative outlook to the ratings. “The ratings …
The hurricane season made 2005 a year-to-remember, with the southeast encountering the busiest hurricane season of the century, with 26 named storms and 13 hurricanes, meteorologists used up the list of 21 proper names and had to resort to the …
Concerns about the 13.5 percent workers’ compensation insurance rollback ordered recently by Florida’s Office of Insurance Regulation have been voiced by Sam Miller, executive vice president of the Florida Insurance Council to Insurance Journal. “FIC supported the National Council on …
Insurance Journal is working with Kinetic Information LLC to study how independent insurance agents and brokers are approaching agency automation. The results will appear as an exclusive article in Insurance Journal early next year. This study is about technology issues …
Rhode Island Gov. Donald L. Carcieri has appointed State Police Superintendent, Col. Steven Pare, as the interim State Fire Marshal. The interim appointment will be effective until the governor appoints a permanent marshal to replace Irving “Jesse” Owens, who retired …
