Standard & Poor’s Ratings Services has affirmed its ‘AA-‘ financial strength rating on Westport Insurance Corp. and then withdrew the rating at the request of management. The outlook had been stable. “The rating actions on Westport follow the merger announced …
Fitch Ratings has affirmed American International Group’s Issuer Default Rating (IDR) at ‘AA’ and affirmed its ratings on all of AIG’s insurance subsidiaries at the same level. The rating outlook is stable. See below for a complete list of the …
The Florida Senate Select Committee on Property Insurance Accountability sent letters to five property and casualty insurance company executives Tuesday requesting their presence in Tallahassee on Feb. 4 and Feb. 5 to provide sworn testimony. In the letter, the committee …
Investigations by New York’s insurance frauds bureau led to over 700 arrests last year, a 17 percent increase from 2006, according to an annual report released today by the state insurance department. The bureau, established in 1981, received about 22,079 …
Former eight-term Insurance Commissioner of Mississippi, George Dale, joined Adams and Reese LLP as a Senior Governmental Affairs Advisor (non-lawyer) and a member of the Governmental Relations. Adams and Reese Managing Partner, Charles “Chuck” P. Adams Jr., said Dale’s accomplishments, …
Ark. Governor Mike Beebe declared Benton, Conway, Craighead, Poinsett and Pope Counties state disaster areas due to the damage caused by thunderstorms and tornadoes on Jan. 7 and Jan. 8. Beebe’s declaration releases $250,000 from the Governor’s Disaster Fund to …
Austin, Texas-based The National Alliance for Insurance Education & Research announced it has added a new course for insurance professionals: Employee Benefits – Health Insurance. The course aims to deliver specific, comprehensive information to those involved in employee benefits/health insurance …
In his first ever State of Upstate address this morning, New York Gov. Eliot Spitzer praised last year’s passage of the Empire State’s landmark workers’ compensation insurance reform as a key victory for businesses in Northern N.Y. The reforms, which …
As Maryland lawmakers look for ways to boost energy conservation, one Democrat wants a law to give rooftop solar panels legal protection. House Democratic Leader Kumar Barve of Montgomery County has proposed a measure preventing cities or homeowners associations from …
Florida Insurance Commissioner Kevin McCarty suspended the certificate of authority of Allstate Companies to write new property insurance in Florida until the company fully complies with the subpoenas served Oct. 16 by his Office of Insurance Regulation. Today’s decision by …
