As the holiday season approaches, Maine state officials are kicking off a campaign to encourage safe driving habits. The campaign announced Thursday in the State House focuses on seat belt usage, observing speed limits, not drinking and other behaviors. Maine …
In separate actions the Louisiana Department of Insurance has issued cease and desist orders, and fine notices, to four individuals accused of inappropriately conducting the business of insurance in that state. A former Alexandria, La., agent was issued a cease …
ACE Tempest Re Europe has announced the appointment of David Mann in the newly created role of Senior Underwriter for Structured Risks. The appointment “further enhances ACE’s commitment to expanding its product offering across its Reinsurance division,” said the bulletin. …
The Target Markets Program Administrators Association (TMPAA) based in Wilmington, Del., awarded two of its member agencies – Abacus Insurance Brokers Inc. and National Specialty Underwriters – the Association’s Best Practice Designation. TMPAA’s Best Practice Evaluation is one element of …
Concordis Group Inc. announced it has formed a strategic partnership with Longwood, Fla.-based privately held independent insurance agency Insurance Office of America. IOA will assist the company in expanding its Alternative Risk Management insurance division, Concordis Insurance SPC, by providing …
PersonalUmbrella.com of Emeryville, Calif., announced that American Alternative Insurance Corp. (AAIC) will be the insurer of its online personal umbrella program. AAIC is a subsidiary of Munich Re America Corp. and an affiliate of Munich Reinsurance America Inc. The company …
Standard & Poor’s Ratings Services has revised its outlook on ProAssurance Corp. (PRA) to positive from stable, and has affirmed its ‘BBB-‘ counterparty credit rating on the company. “The outlook revision reflects our view of PRA’s improved financial leverage and …
A new study, published in the journal Science, concludes that the massive Greenland ice sheets are losing mass more rapidly than previous studies had indicated. The ice sheets of Greenland and Antarctica contain the bulk of the planet’s frozen water. …
A.M. Best Co. has affirmed the financial strength rating of A’- (Excellent) and issuer credit rating of “a-” of the UK-based Sunderland Marine Mutual Insurance Company Limited (SMMI), both with stable outlooks. Best said it expects SMMI’s risk-adjusted capitalization “to …
A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a+” for the subsidiaries of the UK-based non-operating holding company, AVIVA plc. Best also affirmed the ICR of “a-” and the …
