A.M. Best Co. has placed under review with developing implications the issuer credit rating (ICR) of “bbb+” and the debt ratings of The Hartford Financial Services Group, Inc., as well as the ICRs of “a+” and the financial strength rating …
Jacksonville, Florida-based Main Street America Group has elected four new officers at the insurer’s recent annual policyholders meeting. Mark Friedlander has been named as the assistant secretary and director of the insurer’s corporate communications. He is responsible for the company’s …
Texas agriculture producers lost $7.62 billion to the state’s 2011 drought, which experts said makes it the costliest drought in the state’s history and possibly the most expensive drought ever suffered by any state. “No one alive has seen single-year …
A.M. Best Co. has assigned a debt rating of “a+” to the recently issued CHF 320 million [$350 million] 7.25 percent perpetual subordinated notes with a stock settlement issued by Swiss Reinsurance Company Ltd., and has assigned a stable outlook. …
A Brazilian federal prosecutor filed criminal charges on Wednesday against Chevron and drill-rig operator Transocean for a November oil spill, raising the stakes in a legal saga that is adding to Chevron’s woes in Latin America and threatens to slow …
Chicago-based CNA Financial Corporation and Hardy Underwriting Bermuda Limited announced that they have agreed to terms on a cash acquisition by CNA of all of the common shares of Hardy. “The acquisition is to be implemented by way of a …
In their efforts to vet job applicants, some companies and government agencies are going beyond merely glancing at a person’s social networking profiles and instead are asking to log in as the user to have a look around. “It’s akin …
Homeowner insurance rate hikes filed in Texas by Allstate Insurance in December 2011 have passed muster with Texas insurance regulators. The company made a rate adjustment of 5.7 percent statewide for Allstate Texas Lloyds (ATL) policyholders effective for renewals processed …
Louisiana Agency Partners (LAP) announced that The Kirksey Agency in West Monroe, La., has become the 12th member agency of the Louisiana-based network of independent insurance agencies. According to Joe Cunningham Jr., the managing partner of LAP, The Kirksey Agency …
American Financial Group, an insurance holding company headquartered in Cincinnati, Ohio announced the promotions of Vito C. Peraino and Michelle “Shelly” A. Gillis. The company also announced that James E. Evans has been named AFG executive counsel in addition to …
