A.M. Best Co. has affirmed the issuer credit rating (ICR) of “a” of Mapfre S.A. (formerly Corporacion Mapfre S.A., the holding company of Spain’s Mapfre Group) and the ratings of “a” on the €275 million ($403.5 million) 6.02 percent senior …
A fire that sent gamblers fleeing from the Monte Carlo hotel-casino on the Las Vegas Strip in January will cost close to $100 million in repairs and lost business, casino operator MGM Mirage Inc. said. The company has insurance, but …
The Idaho House passed legislation (HB 429) on Wednesday that requires auto insurance policies provide underinsured motorist coverage unless the policyholder signs a form specifically rejecting the coverage. HB 429 would mandate insurers provide underinsured motorists coverage matching the state’s …
Hall & Associates a Folsom, Calif.-based property/casualty insurance agency has merged with Independent Solutions United. Both independent agencies are members of the Pacific Interstate Insurance Brokers group, which is currently comprised of 55 agencies throughout California, representing more than $100 …
Standard & Poor’s Ratings Services has issued a blanket bulletin outlining the rating actions, which it notes are “mostly unfavorable,” on several U.S. mortgage insurers and their core and dependent foreign subsidiaries. “These changes resulted from a reassessment of our …
The persistent snows of January and early February have increased the risk of flooding in low-lying areas of north and central Idaho this winter and spring, even while water shortages remain possible this summer in the southern part of the …
Bordentown, New Jersey-based New Day Underwriting Managers LLC has named Sharron Gaskins to the position of account executive. Gaskins joins New Day Underwriting Managers with more than 18 years of underwriting services and customer service in the insurance industry. Most …
The Connecticut Insurance Department this month launched a year-long pilot program that will exempt some complicated commercial rate and form filings from being initially reviewed by the state – although insurers using those forms will still be subject to an …
Insurance company MaximGroup, based in Texas, announced the addition of Greg Gandy as senior account manager. Previously, Gandy worked at Federated Insurance for 13 years serving as division manager, and at W.M. Rigg for more than a year as a …
Dallas-based McQueary Henry Bowles Troy L.L.P. (MHBT) reported that Trey Halbert, an employee benefits consultant in MHBT’s Austin office, has been named a finalist for the 2008 Austin Under Forty (Au40) Awards. Hosted by the Young Men’s Business League and …
