Monthly Archives: <span>May 2010</span>

Zenith Announces Commencement of Consent Solicitation

Woodland Hills, Calif.-based Zenith National Insurance Corp. announced it has commenced a consent solicitation relating to the 8.55 percent Capital Securities of Zenith National Insurance Capital Trust I, which holds as its sole assets the 8.55 percent Subordinated Deferrable Interest …

Two Calif. Workers’ Comp Defense Firms Merge

Heggeness, Sweet, Simington & Patrico, a San Diego-based workers’ compensation defense firm and Mentz, Finn & McDowell, a San Francisco-based workers’ comp defense firm, have announced an agreement to combine operations as of June 1, 2010. HSSP provides employers, insurers …

Teens Need Workplace Safety Training

In recognition of May’s “Safe Jobs for Youth Month, the Washington Department of Labor and Industries (L&I) is reminding employers to provide safe workplaces for young workers, particularly as the summer hiring season nears. On average, 79 young workers are …

Leavitt Group Hires Rogers as Insurance Agent, Industrial Hygienist

Bozeman, Mont.-based Taylor-Leavitt Insurance Agency has hired Scott Rogers as a licensed insurance agent and certified industrial hygienist. Before joining the agency, Rogers served as the risk manager for several years in the insurance industry. As a certified industrial hygienist, …

Ironshore Enters Florida High-Valued Homeowners Market

Specialty insurer Ironshore Inc. has entered the personal lines market to underwrite a high value homeowners program for properties valued in excess of $1 million. The program will be offered in partnership with Hull & Co., Inc., a wholesale insurance …

S&P Affirms Alterra’s Ratings Following Max Cap, Harbor Point Merger

Standard & Poor’s Ratings Services said today that it affirmed its ‘BBB’ counterparty credit rating on Bermuda-based insurance and reinsurance holding company Alterra Capital Holdings Ltd., which was formerly known as Max Capital Group Ltd. S&P also said that it …

Ratings Roundup: International General, Civic Assurance (NZ)

A.M. Best Co. has affirmed the financial strength rating of ‘A-‘ (Excellent) and issuer credit rating (ICR) of “a-” of Bermuda-based International General Insurance Company Limited (IGI). Best also affirmed the ICR of “bbb-” of International General Insurance Holdings Limited …

Ratings Recap: Zenith, BancInsure, First Chicago, Town & Country, Rural Community

A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of Zenith National Insurance Group and its members, Zenith Insurance Company and its wholly owned subsidiary, ZNAT Insurance Company. Best …

Aran Insurance Services Group Acquires MiniCo, HRMP

Arizona-based MiniCo Inc. has sold its insurance agency operations and publishing division, MiniCo Insurance Agency LLC, to Aran Insurance Services Group, an insurance services provider based in Rockville Centre, N.Y. MiniCo Insurance will continue to operate from its Phoenix headquarters …

Corps Raises 100-Year Flood Estimate for Fargo, North Dakota

The U.S. Army Corps of Engineers has raised its 100-year flood estimate for the Red River in Fargo and neighboring Moorhead, Minn. The change raises the previous estimate about a foot to 42.6 feet. The new estimate was based on …