Standard & Poor’s Ratings Services has affirmed its ‘A+’ counterparty credit and financial strength ratings on Nationwide Mutual Insurance Co. and its property/casualty affiliates (collectively Nationwide) after the announcement that it would acquire Harleysville. The outlook for the ratings remains …
Ironshore Inc. has named Rick Wood to serve as vice president of wholesale casualty. Wood will be responsible for the production of primary and excess surplus lines business with wholesale brokers nationwide, reporting to Tim McAuliffe, president of Ironshore specialty …
The Biloxi City Council has voted 6-1 to support the Ohr-O’Keefe Museum of Art. The Sun Herald reported that the council approved paying the minimum insurance on the city-owned buildings, covering half of the monthly utility bill up to $4,500 …
This could make the family Thanksgiving a bit uncomfortable. A Detroit-area man is suing his in-laws after falling through their garage attic while hunting for a Christmas wreath. The Michigan appeals court has reversed a decision by an Oakland County …
Michael A Linton has been named enterprise chief marketing officer for Farmers Insurance. Linton, who most recently worked as executive vice president of marketing for Silicon Valley start-up, FreeMonee Network, has spent 30 years in marketing and general management for …
Hurricane Jova bore down on the Pacific coast of Mexico Tuesday threatening to pound one of the country’s busiest cargo ports and tourist resorts with destructive waves, heavy rainfall and flooding. The Category 3 storm, with top winds reaching 115 …
U.S. regulators Tuesday are set to give nervous insurance companies, mutual funds and other big players in financial markets a better idea of whether they will be tapped for the same type of additional government scrutiny facing large U.S. banks. …
California Gov. Brown on Friday vetoed three bills insurers said would have raised workers’ compensation costs. According to the American Insurance Association (AIA), the vetoed bills “would have unwound a key portion of California’s 2003-2004 workers’ compensation reforms.” AB 584 …
A.M. Best Co. has removed from under review with negative implications and affirmed the financial strength rating of ‘A’ (Excellent) and the issuer credit ratings of “a” of Balboa Insurance Group and its property/casualty members, Balboa Insurance Company, Meritplan Insurance …
Thailand raced on Tuesday to build floodwalls on the outskirts of Bangkok to prevent the worst floods in half a century from inundating parts of the capital later this week when water flowing from the north reaches the low-lying city. …
