Limestone Insurance, Lexington Insurance Agency, Inc., Durrett Insurance and Insuramax have joined Keystone Insurers Group (KIG), bringing KIG’s number of agencies in Kentucky to six. Keystone is the nation’s sixth largest privately-held property/casualty agency. These four firms become part of …
NEW YORK – Andrew J. Lorin, a noted figure in regulating and investigating New York’s insurance industry since 2004, is joining Drinker Biddle & Reath LLP as a partner in the firm’s insurance practice. Lorin, who will be based in …
The UK’s National Fraud Authority’s Annual Fraud Indicator has concluded that fraud costs the UK over £30 billion [$48 billion] a year. The finding prompted an immediate response from the Association of British Insurers (ABI). Director of General Insurance and …
A.M. Best Co. has affirmed the financial strength ratings (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of the main UK operating subsidiaries of the UK’s RSA Insurance Group plc. Best also affirmed the ICR of “bbb” …
January renewals showed signs of softening as reinsurers benefited from improved financial markets plus a lack of natural catastrophe claims in 2009. The three largest global reinsurance brokers – Aon Benfield, Guy Carpenter & Co. and Willis Re – said …
A trade group for insurers in New York is suing the state, claiming lawmakers are illegally using assessments paid by insurers to fund unrelated state activities. At issue is the state’s use of the so-called “332 assessments,” which are paid …
Keystone Group, C.M. Moore, Al Torstrick C.M. Moore Insurance of Bowling Green and Al Torstrick Insurance of Lexington will be the first franchises in Kentucky for Keystone Insurers Group (KIG), the nation’s sixth largest privately-held property/casualty agency. The two firms …
A luxury residential construction firm has filed suit against 14 insurance companies to force them to cover claims relating to allegedly defective Chinese drywall. The suits were filed by WCI Chinese Drywall Trust, which was formed in bankruptcy proceedings of …
The private crop insurance industry is blasting a proposed restructuring in the crop insurance program they say would cut $4 billion — or $800 million a year — over the next five years. The proposal, by the U.S. Department of …
Colorado Gov. Bill Ritter is meeting with an investment banker to study the possible sale of the state’s interest in Pinnacol Assurance, a state-chartered workers compensation insurer, his chief counsel said. Ritter hasn’t decided whether the state should sell its …
