A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and the issuer credit ratings (ICR) of “a” of the U.S. operating companies comprising OneBeacon Insurance Group, and the FSR of ‘A-‘ (Excellent) and ICRs of “a-” …
John (Jack) Byrne, who has led Fireman’s Fund and its former parent company, White Mountains Insurance Group, as well as GEICO, has been elected chairman of the board of the New York- based brokerage Integro. Byrne, who joined the board …
The state has announced more than $14.9 million in highway safety grants to 291 agencies across Tennessee. The grants help fund speed enforcement, first responder equipment purchases, drunken driving prosecutors and child passenger safety training. Gov. Phil Bredesen said in …
The Opry Mills mall, closed since early May because of flooding, filed a lawsuit Tuesday against 17 insurance companies seeking at least $150 million in claims. The mall, on the site of the old Opryland USA theme park, said in …
An article on the Lloyd’s web site [www.lloyds.com] concludes that “more than 80 percent of brokers say they are ‘very positive’ about doing business at Lloyd’s, according to the latest figures.” According to a recent independent study brokers views of …
While fire may be a common worry among homeowners, claims data from Travelers suggests their homes could be as much as 10 times more likely to be damaged by water than by fire. Fortunately, much of this water-related damage can …
Neace Lukens Insurance, of Louisville, Ky., has hired Jennifer Graff as the corporate lead of its health and productivity division in its Louisville, Ky., office. In this role, Jennifer will be responsible for designing and implementing employee-based wellness programs for …
A government contractor isn’t immune from claims that it performed shoddy work that resulted in the failure of a New Orleans levee system during Hurricane Katrina, a federal appeals court has ruled. This week’s ruling by the 5th U.S. Circuit …
In Pascagoula, Miss., on the Gulf Coast, agent Laverne Nelson has to get windstorm coverage for her personal property from the state wind pool. That is because in April her property insurer, MetLife, dropped her wind coverage. Before that, she …
BP Plc has turned down Alabama’s claim for $148 million in lost government revenue due to the worst oil spill in U.S. history, the state’s attorney general, Troy King, said Friday. BP denied the claim because it said there was …
