A.M. Best Co. has assigned an issuer credit rating (ICR) of “a+” and affirmed the financial strength rating (FSR) of ‘A’ (Excellent) of Madison Wis.-based CUNA Mutual Insurance Society, the lead parent organization within the CUNA Mutual Group. The outlook …
H. Scott Kerns, president of Bay Risk Insurance Services of Alameda, Calif., was installed Friday as president of the Insurance Brokers & Agents of the West during the association’s 2008 Annual Business Meeting. Kerns welcomed IBA members to Oakland, home …
The Greenlining Institute is the most recent consumer protection organization to file a petition with the California Department of Insurance over a proposed rate filing by the United States Automobile Association. Greenlining’s petition joins an earlier petition by the Foundation …
Oklahoma will receive $2.5 million of the $72 million in Martin Frankel’s assets seized by the Internal Revenue Service and Federal Bureau of Investigation, according to Insurance Commissioner Kim Holland. Frankel defrauded seven insurance companies in five different states of …
Southfield, Mich-based Meadowbrook Insurance Group, Inc. announced today its termination of the Management Agreement associated with its acquisition of the business of U.S. Specialty Underwriters, Inc. (USS). As previously announced, in April 2007, the company entered into an agreement to …
The Insurance Council of Texas (ICT) will host seminars in Austin and Dallas in April to focus on developing issues impacting the Texas workers’ compensation system. The 2008 Workers’ Compensation Spring Seminars, entitled “Changes and More Changes: Don’t Be Afraid …
Allstate insurance companies can keep on writing new policies in Florida under an appeals court ruling that rejected the state’s attempt to stop them, but which also potentially sets up a quick resolution to the standoff. In the ruling issued …
There’s silence in John Brunoff’s Washington dairy farm, except for the sound of a lone worker hosing an empty 5,000-gallon milk tank. Just nine weeks ago, more than 270 cows filled this organic dairy farm with noisy activity. Then December’s …
A federal jury has ordered an Oklahoma City-based insurance company to pay $10.8 million for improperly reducing the benefit owed to the mother of a policyholder who died. American Fidelity Assurance Co. said it was “astonished” by the verdict and …
The Corpus Christi Police Department will start impounding the cars of uninsured drivers, officials said. About one in three Nueces County, Texas, drivers are uninsured, compared to about one in five statewide, Chief Bryan Smith has said. The City Council …
