A.M. Best Co. has placed the financial strength ratings (FSR) of A- (Excellent) and the issuer credit ratings (ICR) of “a-” of Omni Insurance Group, Inc. (Atlanta, GA) under review with negative implications. Omni Insurance Group consists of Omni Insurance …
A.M. Best Co. affirmed the financial strength rating of “A” (excellent) of Allianz Suisse Versicherungs-Gesellschaft (ASV) and Allianz Suisse Lebenversicherungs-Gesellschaft (ASL), both based in Switzerland. The outlook for both ratings remains stable. At the same time, Best affirmed the issuer …
Colorado regulators said Tuesday they had seized about $5 million in loan documents and other collateral from a bail bond agent, saying some of it may have been improperly kept from the people who posted it. The state Division of …
Sandy, Utah and Chicago, Illinois – Prime Holdings Insurance Services, Inc. announced today that its property and casualty insurance subsidiary, The Prime Insurance Syndicate, Inc. (“Syndicate”), was notified that as of today, the Syndicate received an increased A. M. Best …
The San Francisco Board of Supervisors voted unanimously Tuesday to approve a plan that would give adults access to medical services regardless of their immigration or employment status. Financed by local government, mandatory contributions from employers and income-adjusted premiums, the …
Safeco has introduced a redesigned auto policy aimed at better fitting customers’ lives. The new Safeco Auto Policy* is designed to cover the needs of today’s typical drivers — including coverage of manufacturer-installed audio/video equipment and children’s car-seat replacement in …
Businesses insured through Colorado Casualty, a member of Liberty Mutual Group, will be among the first in the Mountain West and Southwest states to be able to use Open for Business, a free, web-based tool that allows them to plan …
The Word & Brown General Agency based in Orange, Calif., has introduced California CPA ProtectPlus, a benefits program designed for certified public accountant (CPA) employers with two to 199 employees, offering it through California licensed health insurance brokers and agents. …
California Insurance Commissioner John Garamendi announced a settlement with several insurance industry associations over proposed restrictions on disability income contract provisions. Under the agreement, a framework has been created for submission and approval of group and individual DI contractos tha …
Three insurance trade groups have filed a lawsuit seeking declaratory and injunctive relief to stop enforcement of California Department of Insurance (CDI) auto rating regulations, which they say are “unfair” and “will harm millions of California policyholders.” The lawsuit was …
