Scottsdale, Ariz.-based Nautilus Insurance Group, comprised of Nautilus Insurance Co. and Great Divide Insurance Co., member companies of W. R. Berkley Corp., announced the promotion of Miklos F. Kallo to senior vice president, chief financial officer and treasurer. He replaces …
Fitch Ratings has affirmed Zenith National Insurance Corp.’s ratings as follows: Zenith –Issuer Default Rating (IDR) ‘BBB+’. Zenith National Insurance Capital Trust I –$58.5 million 8.55 percent trust preferred securities due Aug. 1, 2028 at ‘BBB-‘. Zenith’s insurance subsidiaries: Zenith …
Standard & Poor’s Ratings Services has lowered its counterparty credit ratings on Bermuda-based Everest Re Group Ltd. and its U.S.-based intermediary holding company, Everest Reinsurance Holdings Inc., to ‘BBB+’ from ‘A-‘. S&P also lowered its counterparty credit and financial strength …
National Contractors Insurance Company, Inc., a Risk Retention Group (“NCIC”) specializes in general liability insurance for licensed residential and commercial general and artisan contractors. NCIC writes the difficult Classes: Roofers, Foundations, Excavators, Fire Sprinklers, Paper GC’s, Custom Home Builders & …
Florida Agriculture and Consumer Services Commissioner Charles H. Bronson announced that his department has been awarded $900,000 under the federal stimulus plan to conduct wildfire prevention efforts. The funding, which is being provided by the U.S. Forest Service, will enable …
Whether you are an attorney, an insurance agent, adjuster or broker, or an individual insured, when dealing with claims under flood insurance policies, you may be surprised to discover that many things you think you know are wrong, and, particularly …
National program insurance manager Allied American Underwriters-AAU, headquartered in Tampa, Fla. has introduced a new national personal lines division. The new programs specialize in writing personal clients on both an admitted and non-admitted basis. According to Kristen Taylor, national marketing …
Barack Obama is scrambling to assure Americans he is keenly aware of public outrage over taxpayer-backed bonuses for AIG executives, lest his own economic plan get caught up in the outcry. “How do they justify this outrage to the taxpayers …
A prominent U.S. senator has intimated that executives of the troubled insurer American International Group Inc might consider suicide, adopting what he called a Japanese approach to taking responsibility for their actions. Senator Charles Grassley, the top Republican on the …
The Professional Insurance Agents of Connecticut Inc. (PIACT) elected new officers during its annual convention this week. New officers for the group are: — President James Goodman, who is president of Goodman Insurance Inc. in Shelton — President-elect Howard Olderman, …
