A.M. Best Co. has upgraded the financial strength rating to A (Excellent) from A- (Excellent) and issuer credit ratings (ICR) to “a” from “a-” of DeRidder, La.-based Amerisafe Insurance Group (Amerisafe) and its pool members. Amerisafe includes American Interstate Insurance …
Chicago-based Mesirow Financial announced that its Insurance Services Division will be led by a newly formed Insurance Management Committee (IMC). The IMC has named Norman Malter president of the Insurance Division, John Harney has been appointed chief operating officer and …
Preliminary readings of black box data recovered from a French Airbus plane that crashed in the Atlantic have eased any immediate concerns over the safety of A330 aircraft, but investigators warned on Tuesday against rushing to blame the crew for …
A Massachusetts jury has returned guilty verdicts against three men — including a lawyer and a chiropractor — accused of staging several fraudulent motor vehicle accidents, according to the attorney general’s office. Omar Castillo, of Methuen, James C. Hyde, of …
The National Association of Insurance Commissioners (NAIC) has elected North Dakota Insurance Commissioner Adam Hamm as its new Secretary-Treasurer. Hamm replace Illinois Insurance Director Michael T. McRaith, who was selected in March to lead the Federal Insurance Office in Washington, …
New York-based Starr Indemnity & Liability Co. has named John Scully business development manager for Starr Accident & Health, Consumer Markets. He will develop all new opportunities and relationships for the Starr Accident & Health Consumer Profit Center, manage current …
The Verisk Catastrophe Index has been expanded beyond the hurricane peril to also cover U.S. earthquake risk, including fire following earthquake. The index provides industry-wide insured property loss estimates by county and line of business based on data from ISO’s …
Boston-based medical malpractice insurer ProMutual Group said it will not increase rates this year for Massachusetts doctors and will pay a 6 percent dividend for a third straight year. The company insures more than 7,500 physicians and surgeons in the …
Gov. Bill Haslam’s proposal to limit lawsuit damages in Tennessee has passed the Senate last week despite passionate arguments from opponents that the measure would unfairly target victims. The legislation carried by Republican Senate Majority Leader Mark Norris of Collierville …
West Virginia’s volunteer fire departments are in financial trouble, forcing some to close, because annual fees aren’t keeping pace with the costs of firefighting, the state fire marshal says. “We used to be able to say it would happen ‘one …
