A.M. Best Co. has downgraded the financial strength rating to ‘B++’ (Good) from ‘A-‘ (Excellent) and the issuer credit rating to “bbb+” from “a-” of Swiss-based Glacier Reinsurance AG. Best has also placed both ratings under review with negative implications. …
Virginia’s governmental computer problems aren’t fixed just yet. The Department of Motor Vehicles said yesterday it could not process driver’s licenses and identification cards. The agency is one of 26 affected by a major crash of the state’s problem-plagued centralized …
Charlotte, N.C.-based AmWINS Group, Inc. and Crouse and Associates Insurance Services are pleased to announce that they have reached an agreement for Crouse and Associates to acquire AmWINS’ Fresno office effective August 31, 2010. Terms of agreement were not disclosed. …
Jerry Williams has been appointed assistant vice president of Business Development for CNA. In this role, Williams will help support CNA’s goals to build a more effective organizational sales discipline and competency, and stronger engagement with its producers. He will …
Hurricane Earl, now a Category 4 storm, moved away from Puerto Rico and the Virgin Islands this morning, continuing on a track that could bring it close to the East Coast later this week, possibly Thursday. The National Hurricane Center …
Supporters from across the country have called to give encouragement to a suburban Nashville mosque where a fire was the latest setback for a planned new building, officials said Sunday. Authorities told mosque officials that four pieces of heavy construction …
Specialty lines underwriting manager and wholesale broker U.S. Risk Insurance Group Inc. has taken over Florida-located Unisource Program Administrators, a wholesaler of workers’ compensation, for an undisclosed sum. The deal will enable the Dallas-based U.S. Risk to double its workers’ …
Taiwan regulators rejected AIG’s planned $2.2 billion sale of its Taiwan unit to a China-related group, citing regulations on mainland investment, and leaving the insurer facing another auction. American International Group, needing to sell assets to pay back the U.S. …
Fireman’s Fund Insurance Co. is broadening its commercial green insurance appetite to include public and private schools, colleges and universities, and trade and vocational schools. With Green-Gard commercial building coverages from Fireman’s Fund, schools can replace standard systems and materials …
Pasadena, Calif.-based Bolton & Co. announced that Wendee Allen has joined the firm as assistant vice president in the Employee Benefits division. She is the sixth producer to join Bolton in 2010. Allen has a 22-year record of accomplishment in …
