Las Vegas-based Premier Physicians Insurance Co. risk retention group announced it has earned a Financial Stability Rating (FSR) of “A Exceptional” from Demotech Inc., a financial analysis firm located in Columbus, Ohio. The FSR is Premier Physicians’ first rating. According …
Two Canadian provinces are worried about an early start to this year’s forest fire season because of below-normal winter snowfall and dry spring conditions. British Columbia has put fire-fighting aircraft on 48-hour alert, something they do not normally do until …
A.M. Best Co. has assigned a debt rating of “bbb+” to the recently issued $500 million 5.875 percent senior unsecured notes due 2020 of Axis Specialty Finance LLC. The senior notes are unconditionally and irrevocably guaranteed by Bermuda-based Axis Capital …
Many U.S. states are worried that the healthcare overhaul plan approved by the U.S. House of Representatives will usurp their sovereignty and impose more spending on their already stretched budgets. Republican attorneys general in at least 12 states announced on …
21st Century Holding Co. has agreed to acquire HomeWise Insurance Co. and HomeWise Management Co. from HomeWise Holdings Inc. The agreement also includes renewal rights to certain insurance policies from HomeWise Preferred Insurance Co. Terms of the proposed transaction were …
Republican attorneys general in at least 12 U.S. states warned Monday that lawsuits will be filed to stop the federal government’s healthcare reform bill from encroaching on states’ sovereignty. The lawsuits were announced hours after the U.S. House of Representatives …
A top U.S. Justice Department official said that prosecutors will increasingly pursue individual prosecutions — senior executives included — under the U.S. anti-bribery statute. Mark Mendelsohn, the department official who oversees enforcement of the Foreign Corrupt Practices Act (FCPA), said …
Oklahoma insurance regulators have moved to seize a workers’ compensation insurer they say is insolvent and whose owners are being accused of deceptive financial transactions involving another recently-liquidated insurer. The Oklahoma Department of Insurance on March 18 filed a receivership …
On March 12, 2009, Foremost Insurance appointed agent Leslie Porterfield of Dallas, Texas, was accepted by Guinness World Records as the Fastest Woman in the World on a Motorcycle, a title that was previously held for over thirty years by …
Chad Kerr has joined Fort Worth, Texas-based InsureZone/AgentSecure as vice president of Business Development. Kerr will manage multiple facets of business development including the agencies affiliated with the recent CMS acquisition, the top tier of existing AgentSecure agents, and book …
