Michigan is soon to become the 29th Member of the Interstate Insurance Product Regulation Commission (Commission), created by the National Association of Insurance Commissioners (NAIC). The Michigan Legislature adopted the Compact on Dec. 14. The bill now is on its …
A Pascagoula, Miss. couple, who lost a lawsuit against an insurance company over damages from Hurricane Katrina, has filed notice of appeal with the U.S. District Court in Gulfport. Court officials said the notice of appeal was filed Nov. 30 …
Citing concerns that a warmer Atlantic Ocean will lead to more strong hurricanes hitting the region, Allstate Corp. will stop writing homeowners’ policies in coastal areas of Maryland. Starting in February, the company will no longer offer new property insurance …
The directors of North Dakota’s workers compensation agency have agreed to ask the Legislature for 15 new employees, a request Gov. John Hoeven left out of his budget recommendations to the 2007 Legislature. Workforce Safety and Insurance now has 223 …
A federal appeals court has ruled in favor of a Maine car salesman who says he was unjustly fired while taking medical leave that should have been protected by state law. The 1st U.S Circuit Court of Appeals on Monday …
In separate bulletins A.M. Best Co. announced that it has placed the financial strength rating of “A” (Excellent) and the issuer credit rating of “a” of Italy’s Societa Cattolica di Assicurazione – Societa Cooperativa under review with negative implications. At …
The Dublin-based study group Research and Markets announced the addition of “Insurance: Global Industry Guide” to their offering. The bulletin described the new study as “an essential resource for top-level data and analysis covering the Insurance industry. It includes detailed …
Standard & Poor’s Ratings Services announced that it has raised its long-term counterparty credit and insurer financial strength ratings on Czech Republic-based insurer CSOB Pojistovna, a. s. to “BBB+” from “BBB-” and has assigned a positive outlook. “The upgrade reflects …
A.M. Best Co. has affirmed its Syndicate Rating of “A” (Excellent) and issuer credit rating (ICR) of “a+” of Lloyd’s Syndicate 2001, which is managed by Amlin Underwriting Limited (AUL). Best also affirmed the ICR of “bbb+” of Amlin plc, …
A.M. Best Co. has affirmed the financial strength rating (FSR) of “A-” (Excellent) and the issuer credit rating (ICR) of “a-” of Amlin Bermuda Limited (ABL) with a stable outlook. “The ratings reflect ABL’s excellent risk-adjusted capitalization and its first …
