A.M. Best Co. has affirmed the financial strength rating of ‘A+’ (Superior) and issuer credit rating (ICR) of “aa” of Allianz S.p.A. (Italy), both with stable outlooks. Best explained that the ratings reflect the “enhancement received from the implicit support …
A.M. Best said it has downgraded the issuer-credit rating of New York-based Eveready Insurance Co. to “bb”, down from “bb+”. The ratings agency also affirmed the company’s financial strength rating of B (Fair), but revised downward the outlook for both …
The Illinois Department of Insurance on May 28, 2010, ordered Roberto Garcia and RG International to stop transacting insurance business in the state and now has scheduled a June 23 public hearing on the case. Garcia, individually and through his …
Mark E. Jones, chairman, president and CEO of TWG Insurance, an independent agency headquartered in Colleyville, Texas, has announced the following promotions: Gary Delavan has been promoted to director and has become a limited partner of the firm. Michael Colby, …
The parents of a Boston Celtics fan who stopped breathing and later died after police took him into custody during 2008 NBA championship celebrations have settled with the city for $3 million. The settlement announced Thursday by a lawyer for …
A.M. Best Co. has revised the outlook to negative from stable and affirmed the financial strength rating of B++ (Good) and the issuer credit rating (ICR) of “bbb” for Dallas National Insurance Company (DNIC) in Dallas, Texas. The change in …
Insurance brokerage and risk management services firm Arthur J. Gallagher & Co. has acquired the operations of Bowen, Miclette, Britt & Merry of Arkansas Inc. in Fort Smith, Ark., from Bowen, Miclette & Britt Insurance Agency LLC in Houston, Texas, …
A Minneapolis, Minn., man has been sentenced to nine years for a shotgun robbery attempt at an insurance in Roseville last December. The complaint says 41-year-old Michael Kevin Jones walked into an office building, pointed a sawed-off shotgun at an …
A trade group for New York agents is urging lawmakers to defeat a bill it says would weaken the state’s no-fault auto insurance system by expanding juries’ role in deciding whether a lawsuit can proceed. The Independent Insurance Agents & …
The U.S. Senate yesterday again voted down a legislative package on jobless benefits, Medicare payments to doctors and business tax breaks that also contains reauthorization of the nation’s flood insurance program. Despite reducing the overall cost of the package, Democrats …
