Specialty construction insurer NationsBuilders Insurance Services, Inc., in Atlanta, recently welcomed William (Bill) C. Tepe as chief financial officer. In his CFO role, Tepe will be responsible for directing the financial and accounting functions of the organization. In addition, he …
Standard & Poor’s Ratings Services has assigned its ‘AAA’ senior debt rating to Berkshire Hathaway Finance Corp.’s (BHFC) $1.0 billion senior notes. The notes will have various maturity dates. At the same time, S&P placed the ‘AAA’ rating on these …
Standard & Poor’s Ratings Services has stated that its ratings on Bermuda-based RenaissanceRe Holdings Ltd. (currently ‘A’ with a stable outlook) and related entities are not affected by the announcement of several management changes at the organization. S&P referred to …
A.M. Best has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of Fireman’s Fund Insurance Companies, which includes Fireman’s Fund Insurance Company, based in Novato, Calif. and its intercompany pool participants and …
U.S. regulators should investigate whether laws were violated when the New York Federal Reserve Bank urged insurer American International Group Inc. to limit discussions about payments to banks, a Republican member of the Senate Banking Committee said Tuesday. Republican Sen. …
Missouri Attorney General Chris Koster reported that his office saw a dramatic increase in the amount of collections and convictions for workers’ compensation fraud and for noncompliance with mandatory workers’ compensation insurance coverage in 2009. According to Koster, his office …
The Texas Department of Insurance, the Office of Public Insurance Counsel and Farmers Insurance Company have reached a settlement in a dispute over a homeowners insurance rate increase filed by Farmers in June 2009. Farmers had filed a 9.8 percent …
Woodland Hills, Calif.-based Zenith National Insurance Corp. announced that on March 15, 2010, Janet Frank will be joining it as president and chief operating officer of the company’s principal operating subsidiary, Zenith Insurance Co. She will also be an executive …
A.M. Best Co. has upgraded the financial strength rating to A (Excellent) from A- (Excellent) and issuer credit rating to “a” from “a-” for Farm Bureau County Mutual Insurance Company of Texas (County Mutual). These ratings have been removed from …
Chicago-based independent retail insurance agency Alper Services LLC announced the addition of three new insurance professionals to its staff. Jeff Cook is Alper’s new vice president of Employee Benefits; Randy C. Hester is the new managing director of Financial Services; …
