Standard & Poor’s Ratings Services said today that its ratings on American International Group (AIG; A-/Negative/A-1) and AIG’s insurance subsidiaries (most of which are rated A+/Negative/–) are not affected by the company’s announcement that Robert S. (Steve) Miller has succeeded …
Massachusetts-based Provider Insurance Group, has hired Michelle Ryan as business development manager. Ryan will be responsible for acquiring new clients and expanding existing client accounts in the personal lines division. She will also support the producers in their new business …
A.M. Best Co. has placed under review with negative implications the financial strength rating of ‘A-‘ (Excellent) and issuer credit rating of “a-” of Risk Management Association of Illinois-based Residential Construction Employers Council (RMA). The rating actions reflect Best’s “inability …
Louisiana Workers’ Compensation Corp. (LWCC) has promoted two key executives. Paul Buffone is now senior vice president of Risk Management Services, and David T. White is now vice president of Internal Audit. Buffone started with LWCC in 1993 as a …
A suburban Philadelphia man who authorities say tried to pass himself off as a firefighter has pleaded guilty to intentionally setting a fire at a diner. Twenty-one-year-old Mark Gilliam, of West Bradford, was sentenced Wednesday to 33 to 66 months …
Two insurance technology firms– BIPT, Inc. and Focus Technologies, LLC– have announced plans to merge. Under the terms of the transaction, BIPT will be acquired by Focus Technologies and the managing principals of BIPT will become partners in Focus Technologies. …
The percentage of Illinois motorists using safety belts has reached a record of more than 92 percent. Illinois Transportation Secretary Gary Hannig says traffic deaths in the first six months of 2010 are also down. Hannig says an estimated 92.6 …
California dairy farmers might soon start converting their cow waste to fuel, but in doing so, they may be taking on more insurance risks — risks that their insurance agents might not be aware of, said James D. Redinger, principal …
Northwest Indiana authorities say a nine-month sting targeting car thieves attracted 20 men and women who sold undercover police 70 vehicles valued at more than $510,000. Lake County Sheriff Roy Dominguez said that investigators wrapped up the sting this week …
French reinsurer SCOR Group announced that P/C and Specialty treaty renewals at the end of June resulted in premium growth of 19 percent at constant exchange rates. In addition SCOR stressed that the renewals had fully respected “technical underwriting profitability …
