Standard & Poor’s Ratings Services has placed its ‘AA’ rating on BluePoint Re Ltd., its ‘AAA’ rating on Channel Reinsurance Ltd., and its ‘AAA’ rating on RAM Reinsurance Co. Ltd. on CreditWatch with negative implications. Ratings on the companies’ related …
Washington State Attorney General Rob McKenna announced that Washington will receive nearly $1.7 million as part of a $41 million settlement between 29 states and Caremark Rx, LLC, one of the nation’s largest pharmacy benefits management companies. As part of …
Car insurance rates for Colorado drivers on average have dropped 35 percent since the state changed its auto insurance system nearly five years ago, according to an independent study released today by Gov. Bill Ritter’s office. That means drivers are …
Another wave of tornadoes materialized in the Deep South over the weekend and this time, in Prattville, Ala., several businesses on a commercially populated boulevard were severely damaged, according to a Department of Insurance spokesman. Ragan Ingram of the Alabama …
Ramona, Calif., resident Patty Reedy is still waiting for someone at the Federal Emergency Management Agency to send her the mobile home she was promised before Christmas. In December, agency inspectors said she wouldn’t get a government house because it …
Farmers Group, Inc., has reached a milestone in writing commercial insurance policies in the State of Washington—it is No.1, according to the A.M. Best Co. “Farmers has doubled its written premium in commercial multi-peril policies since 2001,” said Mhayse Samalya, …
An explosion rocked an oil refinery in Big Spring, Texas, Monday morning in a violent blast that shook buildings miles away. According to various press reports, four plant employees were injured and three contract workers were treated for injuries but …
Max Specialty Insurance Company, an excess and surplus lines company headquartered in Richmond, Va., announced it is now authorized to write business in Louisiana. With the addition of Louisiana, Max Specialty is now an eligible surplus lines insurer in a …
Arthur J. Gallagher & Co. acquired Taylor Benefits located in Holladay, Utah. Terms of the transaction were not disclosed. Doug Taylor and his associates will continue to operate in their current location under the direction of Norbert Chung, western regional …
A magnitude 2.4 earthquake shook southern Oklahoma at 9:41 a.m. on Feb. 15, according to the Oklahoma Geological Survey at Leonard. The OGS said the quake’s epicenter was three miles northwest of Caddo in Bryan County and seven miles southwest …
