Global specialty insurer Torus Insurance has appointed Dennis Johnson and Mark Mowinski as vice presidents and senior property underwriters, responsible for underwriting in the Midwestern U.S. They will both report to Steve Fomchenko, Torus’ global head of General Property Underwriting. …
Bedford, Texas-based insurer State National Group reported that it has again earned an A.M. Best rating of “A” (Excellent), affirming the group’s consistent financial performance and operational stability. The rating applies to the group’s three intercompany pool members led by …
The North Texas town of Cleburne has experienced seven minor earthquakes since early June, and State Farm Insurance is reminding residents that earthquake coverage can be added to their homeowners insurance policy. No damage or injuries have been reported in …
A.M. Best Co. has revised the outlook to stable from positive and affirmed the financial strength rating of ‘A-‘ (Excellent) and the issuer credit rating of “a-” of Taiwan’s Central Reinsurance Corporation. Best explained that the “revised outlook reflects the …
Hurricane Katrina, in addition to causing unprecedented damage and destruction, added significantly to the workload of state and federal courts in Louisiana and Mississippi. Almost four years after the fact, those courts remain flooded (pun intended) with lawsuits between insurers …
President Barack Obama, citing a new White House study suggesting that small businesses pay far more per employee for health insurance than big companies, said Saturday the disparity is “unsustainable — it’s unacceptable.” “And it’s going to change when I …
General liability carriers specializing in contractor insurance for builders and drywall subs are “sweating it out” over the potentially massive claims dollars that could be paid out in litigation, settlement, and adverse jury verdicts arising from Chinese drywall. However, due …
The U.S. government launched a $1 billion cash incentive program on Friday to stimulate auto sales by getting consumers to part with gas guzzling cars and trucks and buy more fuel efficient vehicles. The program, which offers up to $4,500, …
The New Jersey Supreme Court has overturned one of the largest medical malpractice suit verdicts in state history. Citing numerous trial errors and other problems, the justices reversed the $75 million in damages awarded to the parents of a boy …
The parents of a teenager who was left brain damaged after an apparent near-drowning is suing the Maryland swim club where the incident happened. William and Mary Becker on Thursday filed a $40 million lawsuit in Baltimore County Circuit Court …
