The Bermuda-based Argo Group International Holdings, Ltd., the successor to Texas insurer Argonaut, announced the appointment of N. James Tees as chief accounting officer and treasurer, and Rip Reeves as chief investment officer. Both will report to Argo Group CFO …
Owners of nearly 420,000 high risk properties in Florida could see their insurance premiums rise next year. State-backed Citizens Property Insurance Corp. has requested an average 7.5 percent hike for homeowners with properties in the highest risk coastal areas, known …
A weakening Tropical Storm Ida lashed the U.S. Gulf Coast with drenching rain and high surf Tuesday as it moved ashore after shutting down almost 30 percent of Gulf of Mexico energy production. Ida, once a Category 2 hurricane, made …
Oklahoma gives away billions of dollars in tax revenue through hundreds of exemptions, credits and deductions that some lawmakers say the state may no longer be able to afford as it slips deeper into a revenue shortfall. Tax breaks have …
A Ville Platte, La., insurance agent has been issued a cease and desist order, summary suspension of his licenses and fine notice for allegedly providing fraudulent proofs of insurance. The Louisiana Department of Insurance reported that John Melvin Lavergne, was …
City commissioners in Hays, Kan., could vote this week on strict new rules for pit bull owners. Pit bulls would not be banned in the northwest Kansas community. But a proposed ordinance would declare the dogs to be “dangerous” – …
Bermuda-based Validus Holdings reported net income of $499.2 million, or $5.21 per diluted common share for the three months ended September 30, 2009, compared with a net (loss) of ($126.3) million, or ($1.71) per diluted common share, for the three …
A.M. Best Co. has affirmed the financial strength rating of ‘A-‘ (Excellent) and issuer credit rating of “a-” of Bahamas-based Royal Star Assurance Limited (RSA), both with stable outlooks. The ratings reflect” RSA’s solid risk-adjusted capitalization, favorable operating results and …
A.M. Best Co. joined Standard & Poor’s and Fitch Ratings in placing the financial strength ratings (FSR) and issuer credit ratings (ICR) of the domestic and international P/C and life/health subsidiaries of Berkshire Hathaway Inc. (BRK) under review with negative …
One day while visiting a construction site operated by a client’s vocational technical school, American Society of Safety Engineers’ (ASSE) Colorado Chapter member Mark Semonisck, CSP, assistant vice president and senior loss control consultant for Lockton Companies’ Denver office, not …
