Fitch Ratings has affirmed the insurer financial strength of the major insurance entities of the Coface group at “AA+”, citing their strategic importance within the French financial group Natixis and strong standalone financial strength. Fitch also affirmed Coface SA’s issuer …
State Farm Mutual Automobile Insurance Co. announced it is lowering its overall automobile insurance rate level in Colorado an average of 7.2 percent beginning July 16. The rate reduction represents an annual savings of $38.8 million to the company’s Colorado …
A federal judge has sided with the state of Oklahoma on several legal challenges brought by the poultry industry in an attempt to dismiss a lawsuit filed by Oklahoma Attorney General Drew Edmondson. After two days of hearings in federal …
Mandeville, La.-based FARA Benefit Services Inc., the group health benefits administration division of FARA, announced its entry into the fully insured mini-medical market. Medical Solutions! is a limited benefit health plan designed to help employers control the rising cost of …
The Central Oklahoma Chapter of CPCU announced the election of new officers for the 2007 – 2008 Chapter year. Leading the group will be: President Denise Engle, claim analyst, Midlands Management; Vice President Robert Sisco, commercial lines manager, Mercury Insurance …
Rain has helped stop the spread of wildfires in North Carolina’s Pisgah National Forest that have been burning for more than a week. Neither the 600-acre-fire at Dobson Knob or the 1,900-acre-fire at Shortoff Mountain, both in Burke County, were …
Colemont Insurance Brokers of Texas announced that Joy Keller has rejoined their brokerage operations effective June 1, 2007, as executive vice president. Keller will be responsible for strategic business development and working with Todd Teitell in managing the growth of …
Marsh UK has launched a new hotel facility for individual hotels and small chains. The broker described its “Specialized Products Hotel Facility” as the “first product of its kind in the market” with “exceptionally broad” coverage – all lines cover, …
A state lawmaker called on his colleagues last week to make it illegal to own five breeds of dogs he deemed a threat to public safety. Rep. John Lesch, DFL-St. Paul, said he plans to push next year for a …
Bermuda-based Catlin Group Limited reported that Nick Greggains has been appointed as chief underwriting officer for insurance and Andrew Englesbe has been appointed as chief underwriting officer for reinsurance for Catlin US. Both will report to Richard Banas, president and …
