FPIC Insurance Group Inc., based in Jacksonville, Florida, together with its consolidated subsidiaries, released information regarding certain investments in financial service companies reportedly experiencing credit-related issues. FPIC selected investment holdings as of Sept. 25, based on amortized cost data as …
A.M. Best Co. has affirmed the financial strength rating of ‘B++’ (Good) and the issuer credit rating (ICR) of “bbb” of Germany’s SCHWARZMEER UND OSTSEE Versicherungs-Aktiengesellschaft SOVAG (Sovag) with a stable outlook. “The affirmation reflects Sovag’s excellent risk-adjusted capitalization, good …
A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit ratings (ICR) of “aa-” of Munich Reinsurance Company and its subsidiaries. Best also affirmed the debt ratings of “a+” on £300 million ($551 million) …
A.M. Best Co. has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit rating (ICR) of “a” of Bermuda-based Catlin Insurance Company Limited (CICL), as well as Catlin Insurance Company (UK) Ltd. Catlin Insurance Company, Inc. (CICI) and …
The New York-based Navigators Group announced the hiring of Paul Hennessy as President, Navigators Holdings (UK), Ltd. He will be responsible for Navigators’ operations in Europe, the Middle East and Asia, and will report to Company President and CEO Stan …
In May the London market’s Joint War Committee (JWC) added the Gulf of Aden to its areas “as having an enhanced potential to cause a danger to ships or their crews,” notes an article on the Lloyd’s web site (www.lloyd’s.com). …
California Gov. Arnold Schwarzenegger has signed a bill establishing a citation program for minor violations of the Insurance Code. Assembly Bill 2044 by Assemblyman Michael Duvall, R-Yorba Linda, “creates a new way for the Department to enhance consumer protections and …
Three eastern Kentucky miners are indicted on two counts each of violating the federal Mine Safety Act. Ira Sergent, Johnny Osborne and Reggie Raleigh worked at the Stillhouse Mining No. 1 Mine in Harlan County, Ky. The violations came in …
Each year, deer-vehicle crashes cause more than 200 deaths and tens of thousands of injuries, while racking up $1.1 billion in property damages. Based upon Erie Insurance’s decade of deer-vehicle collision data, we estimate that about one in every 100 …
Central Florida-based Lassiter-Ware Insurance was named a best practices agency for 2008, ranking among the top performers in the annual best practices study conducted by the Independent Insurance Agents & Brokers of America and Reagan Consulting. At the start of …
