A.M. Best Co. has assigned a financial strength rating of ‘B+’ (Good) and issuer credit rating of “bbb-” to National Contractors Insurance Company, Inc., RRG (NCIC), which is headquartered in Bigfork, Montana. The outlook for both ratings is stable. Best …
Willis Group Holdings announced that it is expanding its highly successful UK Willis Commercial Network (WCN) business model into Northern Ireland with the addition of three new independent brokers: McCausland Light & Rankin and Dickson & Co, both of which …
A disaster management official says an earthquake and a tsunami have destroyed 200 homes on one island in the Solomons leaving about one-third of the population homeless. Disaster management office director Loti Yates says visual assessments from the air Tuesday …
ACE Limited has announced the following earnings guidance for the ACE Group for the full year 2010: — Operating Income per Diluted Share is expected to range between $6.25 and $6.75. — Catastrophe Losses included in our estimated earnings are …
San Diego – (January 6, 2010) – After months of planning and preparation, Insurance Journal has launched its latest product for the property/casualty insurance industry: The Academy of Insurance. Led by Director of Education, Christopher J. Boggs, CPCU, ARM, ALCM, …
Georgia Insurance Commissioner John Oxendine’s office has begun a criminal investigation into the business practices of M. Clark Fain, III, the former chief executive officer of Southeastern U.S. Insurance, Inc. (SEUS), a workers’ compensation company. The investigation follows an Oct. …
Insurance companies must pay the legal costs of consumer challenges to insurance rate increases, even if they withdraw or settle challenges to rate applications before a formal hearing on their application is called, a California Court of Appeal has ruled. …
Bills to improve health care, protect consumers, ban the use of credit scoring , streamline the licensing of agents and brokers, and broadening the definition of what’s considered “emergency care” are all on Washington’s Office of the Insurance Commissioner’s (OIC) …
After devastating floods in 2008, Cedar Falls, Iowa, enacted a new flood plain ordinance. And state officials are paying attention. State Sen. Rob Hogg says what Cedar Falls has done shows great foresight. Hogg is part of a group of …
First there was the ice that blanketed the northern third of Arkansas. Then the tornado that ripped through Mena. Next came rain – record-breaking amounts of it in 15 Arkansas cities and areas. Long, soaking rains and quick, heavy downpours …
