A.M. Best Co. has revised the outlook to positive from stable on all ratings of the Harleysville Mutual Insurance Company and its subsidiaries, including the publicly-traded holding company, Harleysville Group Inc. (HGIC). Best also affirmed the financial strength rating (FSR) …
A.M. Best Co. has affirmed the financial strength rating (FSR) of A- (Excellent) and the issuer credit rating (ICR) of “a-” of Bermuda-based New Castle Reinsurance Company Ltd., as well as the ICR of “bbb-” of New Castle Reinsurance Holdings …
Thirty years after the enactment of the nation’s first child safety seat law, a new survey shows parents strongly support child safety seats and child seat laws. Yet nearly 100 children under age five die every year in crashes they …
Connecticut’s top insurance regulator has signed off on a deal that makes private equity firm J.C. Flowers & Co the largest investor in Meriden-based Direct Response Corp. DRC is the holding company for The Response Insurance Group, a national direct-to–consumer …
The Nautilus Insurance Group has promoted Bonnie McKrill and Maureen McGrory to key positions within the organization. Bonnie McKrill, assistant vice president-marketing & agency relations, has been promoted to vice president-marketing & agency relations. McKrill joined Nautilus in 2001 and …
The Colorado Division of Insurance announced that property/casualty and health insurance rate filings submitted in paper form after Jan. 1, 2008 will be returned for noncompliance. House Bill 07-1234, which took effect this month, mandated electronic filings. A summary of …
Oregon Mutual Insurance noted the death Wed. Jan. 16 of its retired President/CEO and Chairman of the Board James (Jim) Osborne. Osborne, 79, joined OMI in 1952 as an underwriting trainee. In 1957 he opened the Fresno branch office, which …
California Gov. Arnold Schwarzenegger announced the appointments of Frank Brass, James Cuneo and Deidra Lowe to the state’s Workers’ Compensation Appeals Board (WCAB). All appointments are subject to confirmation. Brass, 76, of San Francisco, has served as a WCAB commissioner …
Three Oklahoma state representatives, all Republicans, say they are returning campaign contributions given to them by the son of a man linked to convicted former state Insurance Commissioner Carroll Fisher. Reps. Jeff Hickman and Earl Sears say they’re both returning …
In the largest survey of its kind, fewer than half of California’s 10,000 business insurance agents see California’s business economy improving – either for themselves or for their clients – in 2008. The study also found that, despite recent statements …
