The Illinois Department of Insurance has announced that on July 26, 2010, it will implement the State-Based Systems (SBS) licensing system. SBS will allow producer licensing functions to be completed electronically through a Web-based system. Through SBS, an insurance producer …
Western National Insurance Group announced that it has met all regulatory and legal steps to finalize its affiliation with Wisconsin American Mutual Insurance Co. of Fond du Lac, Wis. Wisconsin American will continue to operate as a separate entity, with …
CNA Financial Corp., based in Chicago, has appointed Don Wehrkamp as Commercial Underwriting officer for its Kansas City territory. In this role, Wehrkamp will ensure that the full complement of CNA’s products and services are presented to every account. He …
America First Insurance, a Liberty Mutual Agency Markets regional company headquartered in Richardson, Texas, has appointed Thornton Cornell to vice president, Finance. Cornell will direct the annual business planning process, oversee month-to-month financial reporting and analysis, and develop strategies for …
A.M. Best Co. has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit rating of “a+” of Vermont-based Iron Horse Insurance Company, both with stable outlooks. The ratings reflect Iron Horse’s “superior risk-adjusted capitalization, experienced management team and …
A.M. Best Co. has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit rating of “a+” of Bermuda-based Heddington Insurance Limited, both with stable outlooks. The ratings reflect Heddington’s “superior capitalization, consistently positive operating results and the role …
Cathy Saporito has joined program administrator NSM Insurance Group as a business development underwriter in the Mid-Atlantic region. She will provide knowledge and leadership on both regional sales and marketing and workers’ compensation underwriting in the Mid-Atlantic region. She has …
Surplus lines taxes in New Hampshire have gone up 50 percent, as a law change earlier this year went into effect this month. The tax rate now stands at 3 percent of premiums, up from 2 percent. Originally, lawmakers had …
A Georgia Tech student is suing the school and a Cobb County metal fabricator after he suffered injuries when a hand rail broke and he fell off Tech’s iconic car, the Ramblin’ Wreck. Nicholas Brown’s suit, filed in Fulton Superior …
The U.S. property/casualty industry earned a net profit for the first quarter 2010, partly due to the continued recovery in the financial markets. The first quarter 2010 rebounded from a net loss in the first three months of 2009. After-tax …
