A.M. Best Co. has revised the outlook to negative from stable and affirmed the financial strength rating of B+ (Good) and issuer credit rating of bbb- of Ellington Mutual Insurance Co. (EMIC) of Hortonville, Wis. Best said the rating actions …
San Antonio-based insurance and diversified financial services company, SWBC, has added Joan Cleveland to its executive team as CEO of SWBC Life Insurance Co. Prior to joining SWBC, Cleveland worked for eight years at Prudential Financial as senior vice president, …
Amerisure Mutual Insurance Co., a Farmington Hills, Mich.-based provider of property and casualty insurance for more than 100 years, has promoted Ted Wagner to chief underwriting officer. Wagner assumes management responsibility for the marketing, product development and field marketing and …
The costs of medical care for injured workers in Michigan is the lowest of any state in a 16-state study conducted by the Workers Compensation Research Institute (WCRI). While medical payments in Michigan were lower than typical of the 16 …
Bill Keogh, who last week resigned as president of catastrophe risk modeling firm Eqecat, has joined reinsurance broking and risk/capital management firm TigerRisk Partners. Keogh joins TigerRisk as a partner and will be a member of the corporate Decision Support …
A lawsuit has been filed against Portneuf Medical Center in Pocatello, Idaho contending the hospital prevented competition by controlling the area’s anesthesiologists and is overcharging patients. The Idaho Business Review reported in a story published Wednesday that Terry Elquist filed …
The Montana agency that responds to natural disasters and emergencies is a dysfunctional, divisive workplace with a climate of fear and the perception of bullying by some managers, according to an internal report conducted last year. The three-page report by …
Gov. Sean Parnell declared this Tsunami Preparedness Week in Alaska. Parnell, in his proclamation, says Alaska’s vast coastline is home to many communities that are vulnerable to tsunamis. He says the state also falls within one of the most seismically …
Federal pipeline regulators have proposed $1.7 million in penalties against Exxon Mobil Corp. for a pipeline rupture that spewed crude oil into Montana’s Yellowstone River. The U.S. Department of Transportation said in a notice sent to the company Monday that …
Florida regulators are alleging that insurer Allianz and its companies contributed to the collapse of a Florida domestic property insurer by taking out more than $20 million in assets and rendering it unable to meet its financial obligations. The Florida …
