Montgomery County, Maryland Executive Ike Leggett is pushing council members to revive a plan to create an ambulance transport fee. Leggett maintains that fees ranging from $300 to $800 would go directly to insurance companies and no person who lives …
Regulator Says Nutmeg State Will Take AIG and Catastrophe Problems in Stride Connecticut Insurance Commissioner Thomas Sullivan considers himself something of an insider when it comes to the insurance industry – after all, he spent 20 years at The Hartford. …
The governors of three Northeast states hard hit by the Wall Street meltdown are urging federal officials to approve a $48.2 million grant to help retrain financial services workers who have lost their jobs. In a letter to Labor Secretary …
Brown & Brown, Conner Strong Florida- based Brown & Brown Inc. said it has agreed to acquire the small business insurance unit of Conner Strong Companies, Inc., which is headquartered in Cherry Hill, New Jersey. The small business insurance unit …
The second of two Maine laws adopted in April to tighten regulations for getting a driver’s license has gone into effect. Secretary of State Matthew Dunlap says the new law requires license applicants to show they’re living in the U.S. …
A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit rating (ICR) of “a” of Beazley Insurance Company, Inc. (BICI) of Farmington, Conn. with stable outlooks. Best noted that the “ratings reflect the significant …
A.M. Best Co. has affirmed the financial strength rating of ‘B+’ (Good) and the issuer credit rating (ICR) of “bbb-” of Lebanon’s Arab Reinsurance Company S.A.L., both with stable outlooks. “The ratings reflect Arab Re’s strong current and prospective risk-adjusted …
Louisiana Insurance Commissioner Jim Donelon says the staff of the Department of Insurance have donated 4,317 pounds of food to the Greater Baton Rouge Food Bank. This food drive ran from October 31 through November 24. “I am very proud …
Westfield Insurance recently invited 16 customers representing Westfield’s various divisions, including personal lines, small business accounts, AgriBusiness and commercial lines mid-market accounts to join their customer council. The 2008 customer council was launched when Westfield hosted a two-day event for …
Outgoing Insurance Commissioner Matthew Denn has ordered new cuts to the workers’ compensation insurance rates paid by Delaware businesses, the second such cuts in 2008. In combination with a rate reduction Denn ordered earlier this year and one that has …
