A.M. Best Co. has revised the outlook to positive from stable and affirmed the financial strength rating (FSR) of’ B+’ (Good) and issuer credit rating (ICR) of “bbb-” of Vermont-based Evergreen USA, Risk Retention Group, Inc. Best also affirmed the …
Farmers from across the Midwest told a U.S. House committee that a crop risk management program introduced in the 2008 farm bill is a good tool but it’s way too complex. The Average Crop Revenue Election program provides revenue support …
Standard & Poor’s Ratings Services has affirmed its ‘A-‘ long-term counterparty credit and insurer financial strength ratings on AG Insurance and the operating entities of Millenniumbcp-Fortis Grupo Segurador S.G.P.S. S.A.; its ‘BBB-/A-3’ issuer credit rating on holding companies Ageas N.V. …
Ohio Department of Insurance Director Mary Jo Hudson announced that the department has revoked the license of Centennial Insurance Company of New York, N.Y., for alleged violations of Ohio insurance law. Centennial Insurance Company reported a negative capital and surplus …
A.M. Best Co. has revised the outlook to positive from stable and affirmed the financial strength ratings (FSR) of ‘A-‘ (Excellent) and issuer credit ratings (ICR) of “a-” of EMC Insurance Companies (EMC) and its seven P/C members, which operate …
While slugglish agency salary growth has employees singing the blues, some agency management consultants believe employee satisfaction can be kept up even in tough times. One way agency owners can keep their employees happy in today’s challenging climate is by …
Environmentalists seeking to curb oil drilling in the Gulf of Mexico have filed federal lawsuits to shut down a major BP platform and close a government loophole for new oil and gas exploration. The lawsuits, filed in Alabama and Texas, …
ACE UK today announced the launch of a suite of multi-line products targeting medium to large sized businesses in four industry sectors: “professional companies or partnerships with one or more overseas branches, retailers, hotel groups and machinery manufacturers.” ACE said …
Texas Mutual Insurance Co. announced a $178,267 dividend to the Texas Automotive Purchasing Group (TAPG), the group’s first from the insurer. The dividend was based largely on TAPG’s loss ratio. By committing to workplace safety and helping injured workers return …
The Builder Agent Network, a Dallas-based provider of insurance programs for home builders, has been endorsed by the Texas Association of Builders (TAB) as its preferred member service provider for property and liability insurance products. Builder Agent Network (BAN) is …
