Florida Insurance Commissioner Kevin McCarty affirmed the ruling of an administrative law judge regarding the rate filing challenge between the Office of Insurance Regulation and The Hartford Companies. McCarty’s order officially disapproves the rate filings Hartford submitted and adopts the …
Representatives from the nation’s insurance regulator community adopted a climate change white paper at the National Association of Insurance Commissioners Summer Meeting in San Francisco on Monday, June 2, 2008. The paper is geared to be a guideline for regulators …
Montana’s insurance regulator John Morrison, said he wants to give consumers information on the conduct of insurance companies. Morrison said consumers could check to see how often a company cancels policies, delays claims or gets sued under his proposal, and …
A large fire raged on a back lot at Universal Studios on Sunday, devouring several movie sets and the theme park’s King Kong attraction, officials said. The King Kong exhibit is a stop on the studio’s tram tour where the …
Standard & Poor’s Ratings Services has announced that it is keeping its ratings on Nationwide Financial Services Inc. (NFS), its subsidiaries, and related securities on CreditWatch with negative implications. “The companies were placed on Watch negative on March 10, 2008, …
A.M. Best Co. has upgraded the financial strength rating (FSR) to ‘A-‘ (Excellent) from ‘B++’ (Good) and issuer credit rating (ICR) to “a-” from “bbb” of Safe Insurance Company of Huntington, W.Va. with stable outlooks. “The ratings reflect Safe’s strong …
West Point, Ga.-based J. Smith Lanier & Co. added Mark Benson as the new managing director in its Knoxville, Tenn. office. Benson will oversee all sales, financial expenses and personnel in Knoxville. Benson joined J. Smith Lanier & Co. after …
Bermuda-based PartnerRe has announced the following executive changes in its Global (Non-U.S.) Operations: — Emmanuel Clarke has been named as Head of Specialty Lines, Global, effective Sept. 1, 2008. — He succeeeds Kurt Angst, who will retire in December 2008 …
Marsh announced that it has been approved by the Saudi Arabian Monetary Agency (SAMA) to provide full insurance broking and advisory services in Saudi Arabia under the provision of the Insurance Law of 2003. “The company will serve the insurance …
The UK’s Chartered Insurance Institute (CII) announced that “a solar oven made from a single piece of reflective plastic won first prize in the CII’s Big Idea competition.” John Tilleman from Brown University picked up the £20,000 ($39,318) prize at …
