A.M. Best Company announced that, effective January 2, 2007, it is changing the Financial Strength Rating Descriptor for its “B++” and “B+” ratings on insurance companies. “The reason for the changes is to make the Rating Descriptor consistent with the …
While recognizing that economic losses from natural catastrophes were considerably lower in 2006 than in 2005, Munich Re warned the industry against becoming too complacent. In a bulletin on the reinsurer’s web site (www.munichre.com), Dr. Torsten Jeworrek, a member of …
Standard & Poor’s Ratings Services announced from its office in Tokyo that it has withdrawn “its ‘A+’ financial strength rating on Nissay Dowa General Insurance Co. Ltd. (U.S. branch), and ‘A-1’ issue credit rating on Nissay Dowa General Insurance Co. …
Gov. M. Jodi Rell unveiled a proposal this week that she says will provide affordable, comprehensive health insurance to thousands of uninsured adults in Connecticut. The initiative, called the Charter Oak Health Plan, would be open to adults of all …
Nina Akerley has joined ProMutual Group, a provider of medical malpractice liability insurance in the Northeast, as a public relations specialist. Akerley will assist writing, researching and responding to media inquiries. She will also serve as the main contact at …
Borden Perlman Insurance in Princeton, N.J., a personal and commercial lines agency, has appointed Sarah Willard Cammerzell to the firm’s personal lines department. Cammerzell will oversee sales and marketing for the department, which specializes in coverage for homes and vacation …
Birmingham headquartered Infinity Property and Casualty Corp. announced the latest phase of its growth plan, which promises to benefit Alabama’s economy and create new jobs. Assisted by incentive packages from the city of Birmingham, Jefferson County and the state of …
Abram Interstate Insurance Services Inc. located in Rocklin, Calif., has added Aimee Watkins to its Commercial Lines Department. Watkins began her career in the insurance industry six years ago. Working at Networked Insurance Agency, she gained experience in commercial lines, …
The national spotlight shone on Maine’s universal health care access program when it was launched two years ago. Policymakers nationwide watched to see if Dirigo Health would deliver on its promise to provide health care coverage to Maine’s uninsured. The …
Thousands of Pennsylvania doctors may be eligible to join a lawsuit over a Blue Cross health plan’s reimbursement rates after a federal judge granted the plaintiffs class-action status. The suit charges that Keystone Health Plan Central systematically lowered its reimbursement …
