Arbella Insurance Group, the third-largest auto insurer in Massachusetts, announced two promotions within the senior management team. Steve Jacobs will become vice president of Marketing and Tracy Hurley will assume the role of vice president of Claims. Jacobs assumes responsibility …
U.S. Senate Democratic healthcare negotiators said they agreed Tuesday to replace a government-run insurance option with a scaled-back non-profit plan and would seek cost estimates on the deal. “We have a broad agreement,” Senate Democratic leader Harry Reid told reporters, …
Standard & Poor’s Ratings Services has assigned its ‘A-‘ issue credit rating to Lincoln National Corp.’s (LNC) $300 million issuance of senior notes. S&P also affirmed its ‘AA-‘ counterparty credit and financial strength ratings on LNC’s life insurance operations (Lincoln) …
Oregon’s Department of Consumer and Business Services recently fined Farmers Insurance Company of Oregon $10,000 for improperly using consumers insurance scores in calculating renewal rates on thousands of auto and homeowner policies. Oregon law prohibits insurers from using someone’s credit …
A.M. Best Co. has downgraded the financial strength rating to ‘B++’ (Good) from ‘A-‘ (Excellent) and the issuer credit rating (ICR) to “bbb+” from “a-” of Novae Insurance Company Limited (NICL) and placed the ratings under review with negative implications. …
North Carolina residents now have online access to information on malpractice lawsuits, convictions, suspensions, or other disciplinary actions taken against physicians and other medical professionals in the state. The North Carolina Medical Board has expanded its Web site to include …
Drunken driving fatality rates have fallen in 40 states and the District of Columbia, an encouraging sign that crackdowns are improving highway safety. The Transportation Department said that 11,773 people were killed in drunken driving crashes in 2008 for a …
The state of Idaho is urging residents to take into account the potential for bad weather and the likelihood that their driving will increase during the holidays, and consider an auto policy with accident forgiveness. “Accidents can mean expensive repair …
A Boston city councilor is hoping his proposal to ban drivers from sending text messages will spur a statewide ban on a practice most consider dangerous. John Tobin says he expects his fellow councilors to sign off on the proposal …
The Arizona Department of Insurance Fraud Unit and the Mesa Police say they arrested two suspects this week accused of staging a slip-and-fall accident for insurance money, using the unlikely prop of a hot dog. Authorities charged the suspects, identified …
