Alabama News

Ratings Recap: Verlan, ACMAT, Heritage, Alfa, Petroleum Marketers, Berkshire (Debt), Consumers, ACA Financial

A.M. Best Co. indicated that the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit rating (ICR) of “a” of Verlan Fire Insurance Company of Silver Spring, MD, are unchanged following the recently announced definitive agreement by The Hanover …

100-Year Old Alabama Home Destroyed, 9-Year Old Responsible

Baldwin County authorities said a 9-year-old boy has admitted to setting a fire on New Year’s Eve that destroyed his great-grandmother’s 100-year-old home in Marlow, Ala. Gib Hixon, chief of the Fish River-Marlow Volunteer Fire Department, said state fire investigators …

ISO: Insurers to Pay $6.5 Billion in 2007 Catastrophe Claims

U.S. property/casualty insurers are expected to pay homeowners and businesses $6.5 billion for 2007 property losses from 23 catastrophes β€” the eighth lowest cost in a decade and the seventh lowest frequency for the same period, according to preliminary analysis …

New Markets

The following markets were selected from the MyNewMarkets database of 25,000 coverages and programs. To find additional markets, or to submit markets, go to www.MyNewMarkets.com. Personal Lines Insurance Agencies Nuts & Bolts: Travis-Pedersen & Associates of Arizona LLC is offering …

New Markets

The following markets were selected from the MyNewMarkets database of 25,000 coverages and programs. To find additional markets, or to submit markets, go to www.MyNewMarkets.com. Jewelers Block Nuts & Bolts: Jewelers Block is offering coverage including retail, wholesale and manufacturing …

People

Giant insurance broker Marsh announced changes to its global organizational structure as well as several senior management appointments. Marsh said its global insurance broking business will be consolidated into two geographic divisions: U.S./Canada and International. As part of this combination, …

New Markets

The following markets were selected from the MyNewMarkets database of 25,000 coverages and programs. To find additional markets, or to submit markets, go to www.MyNewMarkets.com. Small Residential General Contractors Nuts & Bolts: NSM Insurance Group is offering coverage for general …

New Markets

The following markets were selected from the MyNewMarkets database of 25,000 coverages and programs. To find additional markets, or to submit markets, go to www.MyNewMarkets.com. Oil and Gas Well Drilling Contractors

Ala.-Based Baggett Transportation Wins Insurance Co.’s Safety Award

First Guard Insurance Co., of Venice, Fla., awarded Birmingham, Ala.-based Baggett Transportation Co., with the “Fleet of the Year” award for 2007. The Fleet of the Year award is presented to the trucking company with the lowest physical damage loss …

Ala.: Bank Wants County to Buy $1M Insurance Policy for Cobb Marker

Wachovia Bank officials are concerned that a proposed sign to mark Hall of Fame baseball player Ty Cobb’s time in Anniston, Ala., may obstruct the view of motorists. Calhoun County Commissioner Eli Henderson, who proposed putting the marker near the …