AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of Texas-based property/casualty insurance company, Southern Vanguard Insurance Co. (SVIC). Southern Vanguard …
Cedar Park, Texas-based Tejas American General Agency (TAGA) has formed an exclusive partnership with Main Street America Insurance, a member of the American Family Insurance group, to distribute its farm and ranch products in Texas. Main Street’s farm and ranch …
Florida has again taken the top spot for strongest building code with Virginia right behind in second place. That’s according to the 2021 edition of the Insurance Institute for Business & Home Safety (IBHS) report Rating the States, which every …
A former North Carolina deputy is suing a sheriff over his requirement for employees to get a COVID-19 vaccine. Christopher Neve, the former Durham County deputy, is asking a court to force Sheriff Clarence Birkhead to reinstate him with back …
Economical Insurance has introduced Vyne Commercial, a new digital platform and an expanded product offering, which is designed to simplify the process of insuring small businesses. Broker partners will be able to instantly quote and bind new property/casualty policies for …
Ascot as a partnered with Highland Insurance Solutions LLC, a subsidiary of WNC Insurance Services Inc. to provide a builders risk insurance program for projects in the U.S. The partnership will provide Highland with additional capacity to underwrite frame and …
Propel Insurance, a privately-owned insurance agency and portfolio company of Flexpoint Ford, has acquired South Carolina-based South Risk Management (SRM), a construction-focused insurance consulting firm. The acquisition of SRM expands Propel’s presence into South Carolina and adds to the company’s …
With the cyber risk hazard environment—ransomware, business interruption and aggregation—worsening significantly, “prospects for the U.S. cyber insurance market are grim,” according to an AM Best report. According to the global rating agency’s analysts, insurers “urgently need to reassess all aspects …
A lawsuit against the Utah Jazz by a fan who was banned for life from the team’s arena over what were called racial taunts directed at point guard Russell Westbrook was dismissed by a judge, according to court documents. Shane …
Board members at Casa Latina, a decades-old organization founded to empower immigrant workers and provide job and educational opportunities, has announced it will investigate the handling of sexual harassment and assault allegations at the company. The board received complaints related …
