March 31, 2015
A.M. Best has affirmed the financial strength rating (FSR) of A (Excellent) and the issuer credit ratings (ICR) of “a” of Texas-based National Lloyds Insurance Co. (National Lloyds), and its affiliate, American Summit Insurance Co. (American Summit). The outlook for …
March 31, 2015
Protector Holdings, a joint venture of Edgewood Partners Insurance Center and Dowling Capital Partners, has acquired Oasis South Insurance Services in California. With eight locations across California’s San Diego County, Oasis South specializes in providing insurance services to Hispanic consumers, …
March 31, 2015
Authorities in eastern Missouri are trying to determine just how many trucks were stolen in a theft ring that struck several Missouri towns along Interstate 44. The Washington Missourian reports that police now believe at least 20 trucks were taken, …
March 31, 2015
Officials with police-run auto-theft task forces say they are shutting down across Illinois due to state spending freezes. Separately, the (Peoria) Journal Star also reports that a bipartisan deal reached in the state Legislature last week will siphon $6 million …
March 31, 2015
Police in Michigan are using an easy way to check whether a motor vehicle is properly insured. Starting last year, police got access to information on whether a vehicle is insured by running a license plate number through an in-car …
March 31, 2015
The U.S. housing market is at its healthiest level since 2001, according to a new index from economists at insurer Nationwide who evaluated the housing market nationally and for 373 metropolitan areas. Housing markets in the vast majority of metropolitan …
March 31, 2015
A new law set to take effect this week aims to increase protections for domestic workers in Massachusetts. The law requires people who hire nannies, caregivers and other domestic workers in Massachusetts to adhere to established labor standards and other …
March 31, 2015
BNC Insurance Agency Inc., an independent agency based in Rye Brook, New York, announced that it has acquired Milbrandt & Co. Inc., an independent agency based in New Rochelle, New York, with a satellite office in Hudson, New York. Terms …
March 31, 2015
Bermuda-based Endurance Specialty Holdings Ltd. and Montpelier Re Holdings Ltd. announced a merger today, in which Endurance will acquire Montpelier in a stock-cash deal for roughly $1.8 billion. Specifically, the deal consideration consists of 0.472 shares of Endurance and $9.89 …
March 31, 2015
Boston-headquartered Liberty Mutual said it is moving to a centralized service model for its personal insurance customers beginning in January 2016. This move involves transitioning local service activities into customer service call centers, and expanding those centralized operations, currently at …