Colorado newspapers are reporting that Gov.-elect Bill Ritter has appointed Manitou Springs Mayor Marcy Morrison the state’s next insurance commissioner. Morrison will have to resign her position as Manitou Springs Mayor to assume the new role. The state Senate is …
Arthur J. Gallagher & Co. announced today that it has agreed to resolve all claims in the Federal Multi-District (MDL) class action pending in the New Jersey Federal District Court against commercial insurers and brokers relating to industry-wide contingent commission …
Standard & Poor’s Ratings Services placed its ‘BBB/A-2’ counterparty credit rating on Marsh & McLennan Cos. (MMC) on CreditWatch with developing implications. This action is in response to published news articles stating that the company has agreed in principle to …
The Oregon Insurance Division is recognizing the Insurance Marketplace Standards Association as a group that can help to establish “best practices” and promote consumer protection in the state. In a recent bulletin, Administrator Joel Ario noted the Division “wishes to …
Preliminary statistics show that the number of fatalities on Indiana’s roadways this year has dropped significantly from 2005, according to data from the Indiana State Police (ISP). Through Dec. 22, there have been 81 fewer fatalities compared to the same …
A.M. Best Co. has assigned debt ratings of “bbb-” to the $24 million senior secured term A loans and “bb+” to the $40 million senior secured term B, both due December 2009, of Triomphe Re. The issuer is a newly …
First Mercury Financial Corp. has opened an underwriting office in Irvine, Calif., and hired LaTrina Green as vice president. Green will be responsible for managing the office’s specialty casualty underwriting operations. The Irvine office joins the company’s other underwriting offices …
The Latin American Agents Association has named Past President Rafael Hurtado director of business development at the association. Hurtado agreed to strengthen his support and dedication to the association by taking on this newly created – and volunteer – role. …
TheFlorida Department of Financial Services is advising that due to Gov. Jeb Bush’s declaration of a state of emergency in Pasco, Volusia, Lake and Columbia counties as a result of widespread damage from tornadoes that struck on Dec. 25, the …
M.J. Hall and Co. Inc., a general agent and surplus lines wholesaler, has a new residential homebuilders program. The new homebuilders general liability program is for custom and tract general contractors in Arizona and California. With the program, the builder …
