InsureZone Inc. announced that it has purchased 100 percent of the assets of CMS Agency Inc. a wholesaler based in Las Vegas. The transaction gives InsureZone, through its wholesale subsidiary AgentSecure, the opportunity to further expand its national platform in …
Chuck Gaskill, currently vice president and corporate counsel, has been appointed by the Motorists Mutual Insurance Co. to become senior vice president and general counsel. Gaskill began his career at Columbus, Ohio-based Motorists in 1979 as an attorney in the …
The Colorado House is considering a bill that would require that automobile insurance policies, health benefit plans, limited benefit health insurance, dental plans, and long-term care plans that are issued or renewed on or after July 1, 2011, be written …
Standard & Poor’s Ratings Services has affirmed its ‘BBB’ counterparty credit ratings on Bermuda-based insurance and reinsurance holding company Max Capital Group Ltd. and its intermediary holding-company subsidiaries: Max USA Holdings Ltd., Max Europe Holdings Ltd., and Max UK Holdings …
Max Capital Group Ltd. and Harbor Point Limited announced that they “have unanimously approved a definitive amalgamation agreement for a merger of equals.” Both companies are based in Bermuda. Max Capital is a public company whose shares are traded on …
A.M. Best Co. has placed the financial strength rating (FSR) of ‘A-‘ (Excellent) and issuer credit ratings (ICR) of “a-” of the operating subsidiaries of Max Capital Group Ltd. under review with positive implications following the recent announcement of its …
A snow plow might have jarred loose the cover of a sewage pit where a teenager doughnut shop worker fell and died while taking out the trash, investigators said Monday. Amiri Zeqiri, 17, slipped into an open cesspool behind a …
A.M. Best Co. has withdrawn the financial strength rating (FSR) of ‘A’ (Excellent) and the issuer credit rating (ICR) of “a” of Dallas-based XL Lloyds Insurance Company, and has assigned an NR-5 to the FSR (Not Formally Followed) and an …
Authorities say thieves are increasingly targeting tractor-trailers in Pennsylvania to steal their loads of electronics, food or drink, later abandoning the trailers at the side of the road. Sometimes the culprits steal trucks left idling at rest stops, or they …
The deadly El Nino weather anomaly should dissipate by early summer in the northern hemisphere, but there is a chance a weak version will linger for the rest of 2010, according to a U.S. government report issued Thursday. The federal …
