Monthly Archives: <span>June 2011</span>

Tennessee Officials Worried Over Increasing Number of Abandoned Homes

Officials in Washington County, Tennessee are trying to decide the best way to deal with the growing number of abandoned homes. Of particular concern to officials is that property owners could stop caring for the upkeep of the property and …

Former Association of California Insurance Companies President Joins Barger & Wolen

Samuel Sorich, the former president of the Association of California Insurance Companies (ACIC), a California property/casualty insurance trade association, has joined Barger & Wolen as of counsel. Sorich, who has been in the insurance industry for more than 30 years, …

Heffernan Insurance Names Hone Assistant VP

Heffernan Insurance Brokers, an independent insurance brokerage, has hired Ryan Hone as assistant vice president. He will work out of the company’s Orange, Calif., office and will be responsible for producing new business in Southern California. Hone joins Heffernan after …

The Truth About The Competition

Say what you will about the competition- Just don’t say anything bad. The cardinal rule about not bad mouthing the competition is both virtuous, and professional. Knocking the competition usually backfires, and creates a negative impression on the person throwing …

Riley Named West Virginia Acting Insurance Commissioner

West Virginia Gov. Earl Ray Tomblin announced that Michael D. Riley will serve as acting state insurance commissioner effective July 1. Current Commissioner Jane L. Cline will retire as of June 30 after 10 years in the post. Riley first …

Amy Winehouse’s European Tour in Doubt; Insurance Coverage Too

The video is painful to watch, an artistic train wreck for all to see. The question is what Amy Winehouse is going to do next. The five-time Grammy Award winner, whose battles with alcohol and drug abuse have long overshadowed …

Best Upgrades Issuer Credit Rating of ACE European Group; Affirms FSR

A.M. Best Europe – Rating Services Limited has upgraded the issuer credit rating (ICR) to “aa” from “aa-” and affirmed the financial strength rating (FSR) of ‘A+’ (Superior) of the UK-based ACE European Group Limited (AEGL). The outlook for the …

EU Urges Tariff Standstill as Doha Round Down Payment

World Trade Organization members should agree to a standstill on tariffs in December as a down payment toward a larger deal in long-running world trade talks, the top EU official said Tuesday. EU Trade Commissioner Karel De Gucht told reporters …

ACE Acquires All Shares of ACE Synergy Insurance Berhad in Malaysia

The ACE Group announced today that its ACE INA International Holdings, Ltd. subsidiary has acquired all of the outstanding shares it does not already own, or approximately 49 percent, of ACE Synergy Insurance Berhad in Malaysia from Advance Synergy Capital …

Best Affirms Argo Group International and Subs Ratings

A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of Bermuda-based Argo Re Ltd. and its subsidiaries. Best also affirmed the ICR of “bbb” and debt ratings of the …