A.M. Best Co. has affirmed the Best’s Syndicate Rating of ‘A’ (Excellent) and issuer credit rating of “a+” of Lloyd’s Syndicates 570 and 609, which are both managed by Atrium Underwriters Limited (AUL). The outlook for all of the ratings …
State Farm Insurance thinks it’s paying too much in property taxes in its hometown of Bloomington, Ill. If the company is right it could cost local schools and government millions of dollars. The Bloomington-based insurer says the assessed value of …
An Alabama jury has sided with a railroad in a series of lawsuits filed by the relatives of four men killed in a train crash almost three years ago. Chilton County jurors ruled in favor of CSX Transportation, deciding the …
Van Nuys, Calif.-based Momentous Insurance Brokerage has formed a specialty practice exclusive to sports to provide risk management and insurance solutions for athletes, coaches and teams. According to President Diane Brinson, she aims to grow the practice into the largest …
A judge said this week he would rule by Jan. 15 on whether to dismiss a lawsuit filed by the families of two students slain in the mass shootings at Virginia Tech. After hearing arguments, Montgomery County Circuit Court Judge …
The insurance company for the city of Miami Beach has been ordered to pay $5.75 million in damages to the families of a man and the woman he tried to save from drowning. Monticello Insurance Co. had refused to pay …
The New York Alliance Against Insurance Fraud honored its YouTube video contest winners at the its recent annual meeting. A group of SUNY Cortland students took the top honor. John Passmore of Horseheads, N.Y.; Teresa Riley of Liverpool, N.Y.; and …
New York officials recently directed State Farm Insurance Co. to give 113 Long Island property owners the opportunity to renew their homeowners’ policies with the company. The action came as the result of a complaint filed by one of the …
Maryland Insurance Commissioner Ralph S. Tyler has submitted his resignation to Governor O’Malley effective Jan. 8, 2010, to accept an appointment as chief counsel to the federal Food and Drug Administration. Tyler has been insurance commissioner since September 2007, when …
State Farm Florida will remain in Florida under a negotiated agreement that allows it to cancel about 15 percent of its policies and raise rates 14.8 percent. The deal also allows its contract agents to place the business State Farm …
