A.M. Best Co. has placed the financial strength rating (FSR) of ‘A-‘ (Excellent) and issuer credit rating (ICR) of “a-” of North Pointe Insurance Company (NPIC) of Michigan, and the FSR of ‘B+’ (Good) and ICR of “bbb-” of North …
A.M. Best Co. has revised the rating outlook to negative from stable for the debt rating of “bbb” on $350 million non-cumulative perpetual preferred securities (issuer preferred securities) issued by Stoneheath Re, a Cayman Islands exempted company. Best also revised …
Thomas J. Crowley, vice president of Maran Corporate Risk Associates in Southampton, N.Y., has been appointed to the board of directors of the Independent Insurance Agents and Brokers of New York. Crowley will represent the agencies in the Metropolitan-Suburban region, …
Jason Clark has joined the Dallas office of Western Security Surplus Insurance Brokers Inc. (WSS) as an associate broker, the company announced. Reporting to WSS President and CEO Kyle Stevens, Clark will be responsible for assisting the brokers with renewals, …
Owners of a Texas plant that makes railroad ties were grossly negligent in failing to provide safety equipment for workers handling toxic chemicals, a pollution prevention expert testified in the first of a flurry of lawsuits by people who say …
Hurricane Katrina’s victims have put a price tag on their suffering and it is staggering – including one plaintiff seeking the unlikely sum of $3 quadrillion. Insurance companies are among the claimants. The total number – $3,014,170,389,176,410 – is the …
The Texas Department of Insurance Division of Workers’ Compensation (TDI-DWC) will hold a regional workplace safety workshop in Corpus Christi to address safety concerns in the construction and transportation industries. The Coastal Bend Safety Summit, to be held Feb. 6, …
Jackie Oddo has rejoined Buffalo, N.Y.-based regional wholesaler Russell Bond as a professional liability broker, handling Management Liability, Professional and Environmental coverages. Oddo has 20 years of insurance experience. She began her insurance career with General Accident Insurance in 1986, …
Cooley and Darling Insurance Agency Inc. (www.cd-insure.com), a new retail agency based in Haymarket, Va., has acquired the retail book of non-profit business from Lighthouse Underwriters LLC, a member company of U.S. Risk Insurance Group Inc. Cooley and Darling Insurance …
The Main Street America Group has introduced Main Street Station for Bonds, a state-of-the-art surety bonds ordering and processing system. With this proprietary bonds issuance system, Main Street America says its independent insurance agents can electronically order and process new …
