A.M. Best Co. has assigned a debt rating of “bbb” to the $350 million of non-cumulative perpetual preferred securities (issuer preferred securities) issued by Stoneheath Re, a Cayman Islands exempted company. The rating outlook is stable. “The issuer is licensed …
A.M. Best Co. has affirmed the financial strength rating of “A-” (Excellent) of Guardian General Insurance Limited (GGIL) and its wholly owned subsidiary, N.E.M. (West Indies) Insurance Limited (NEMWIL) with a stable outlook. Both companies are domiciled in Trinidad & …
Kansas Insurance Commissioner Sandy Praeger is the newly-elected president-elect of the National Association of Insurance Commissioners (NAIC), according to a department release. She was elected during the NAIC Winter National Meeting in San Antonio, Texas, Dec. 10. Alabama Commissioner Walter …
The American Tort Reform Foundation (ATRF) released its annual Judicial Hellholes report, shining a bright spotlight on “America’s worst jurisdictions in which to face a lawsuit.” Three counties in Illinois were named again as well as entire state of West …
State Auto Financial Corp. announced the appointment of Steven E. English to the position of vice president – chief financial officer. English had previously served as vice president – director of corporate development and planning, overseeing capital management, investor relations …
The Hawaii Department of Commerce and Consumer Affairs Insurance Division has granted a captive license to MHC Insurance Co. Ltd., which participates in insuring the worldwide risks of its Japanese-related owners and affiliates. Insurance Commissioner J.P. Schmidt noted that this …
Insurance agents who sell personal lines in California might be getting more calls than usual from consumers seeking auto insurance, now that the state is cracking down on uninsured motorists. Following legislation SB1500, the Department of Motor Vehicles has begun …
The Alaska Division of Insurance reminding producers about the education requirements for producers selling flood insurance policies under the National Flood Insurance Program. According to a statement by Director of Insurance Linda S. Hall, “Section 207 of the Flood Insurance …
The Director of the Oregon Department of Consumer and Business Services Insurance Division, Cory Steisinger, reported that American Standard Insurance Company of Wisconsin has entered into a stipulation agreement, based on an enforcement action by the Department. According to a …
An Alaska man has pled guilty to theft in the second degree, a class B felony, stemming from a fraudulent insurance claim, according to the state Division of Insurance Office of Special Prosecution and Appeals. Earlier this summer, an investigation …
