State Insurance Commissioner Jim Donelon says he is working to get at least a “half-dozen” more companies to write homeowners policies in Louisiana in an effort to ensure affordable premiums for coastal residents. Currently, there are 20 insurance companies in …
Strong Financials, Operating Performance gets thumbs up from Standard & Poor DALLAS, TEXAS – Standard and Poor’s Ratings Services affirmed its “A” financial strength ratings on Unitrin’s P&C units – which include Unitrin Specialty. Unitrin, Inc.’s life and health units …
Florida insurance officials confirmed that complaints filed recently against troubled Poe Financial Group came from people who said their policies were dropped before their homes were repaired. A condominium association in Boca Raton received a letter from Poe’s Southern Family …
More than 2,000 Mississippi residents have been notified that they must repay millions of dollars in federal Hurricane Katrina benefits that were excessive or, in some cases, fraudulent. The Federal Emergency Management Agency is seeking a total of $4.7 million …
Zurich Financial Services’ Annual General Meeting, held April 20, evinced the considerable turn around in its fortunes under the direction of CEO James J. Schiro, who took over the faltering giant in May 2002. In his presentation speech to shareholders …
A.M. Best Co. announced that it has assigned a financial strength rating of “B++” (Very Good) to Caribbean Alliance Insurance Company Ltd. (CAI), which is based in Antigua, Barbuda. The rating outlook is stable. “The rating reflects CAI’s solid capitalization, …
Mint Canadian Specialty Underwriters, the Canadian niche insurer, has announced the launch of a new and unique product, dubbed “Outbreak Contingency Cover. Mint is part of Markel’s international operations, writing specialty lines through Markel’s Lloyd’s Syndicate. The Company said the …
The American Insurance Association has issued a bulletin commending outgoing United States Trade Representative (USTR) Rob Portman for his leadership on trade negotiations. The AIA also welcomed his successor, Deputy USTR Susan Schwab, President Bush’s nominee to replace Portman, and …
Richard Ward officially took up his duties as Lloyd’s new CEO today, replacing Nick Prettejohn, who resigned last December to head Prudential (U.K.)’s domestic insurance operations and taking over from interim CEO Luke Savage. He previously served as vice-chairman of …
Thirty-five students and teachers from a Madison, Wis. school that had to be ripped open and reconstructed to get rid of mold have agreed on a $650,000 settlement from the builder, attorneys say. The plaintiffs reported suffering from asthma and …
