Ratings agency A.M. Best Co. has revised the outlook to stable from positive and affirmed the financial strength rating of A- (Excellent) and issuer credit rating of “a-” of Missouri Employers Mutual Insurance Company (MEM) of Columbia, Mo. The revised …
A.M. Best has affirmed the financial strength rating of “A” (Excellent) of super regional property/casualty insurance carrier, The Main Street America Group, and its five wholly owned subsidiaries: NGM Insurance Co., MSA Insurance Co., Main Street America Assurance Co., Old …
Some of the largest U.S. health insurers are changing their accounting practices to book administration costs as medical costs in an attempt to circumvent new industry reforms, according to a recent U.S. Senate panel’s report. Under the healthcare law passed …
The Property Casualty Insurers Association of America has hired Kristina Baldwin as assistant vice president, state government relations. She will assume responsibility for state government relations activities in New York and Connecticut. Prior to re-joining PCI, Baldwin most recently served …
A federal appeals court has ruled that an insurance company has no duty to defend against class action lawsuits filed in Illinois targeting the company’s insured, a Chinese manufacturer of toys sold in the United States that were found to …
Woodland Hills, Calif.-based Zenith National Insurance Corp. announced that it plans to release first quarter 2010 financial results on April 21, 2010, during market hours. For more information, visit www.thezenith.com
Airlines which stand to lose millions of euros from a cloud of Icelandic volcanic ash disrupting flights and closing airports across northern Europe are expected to have little recourse to recoup losses from insurance companies. “Normally, the airlines are not …
I couldn’t agree more with Florida Insurance Commissioner Kevin McCarty’s latest letter to the media asserting that facts – not mischaracterizations – should drive the public policy debate on Florida’s deteriorating property insurance market. The irony, Commissioner McCarty, is that …
The American Insurance Association (AIA) says the P/C industry made some positive legislative steps in Maine and Maryland this year, although the trade group says it was disappointed with a Maryland law that will raise the minimum auto liability coverage. …
St. James Insurance Group, based in Orlando, Fla., has re-entered the commercial lines business after a five year absence. The program manager has appointed Dave Stricker, former senior vice president of All Risks Ltd., to lead the new Commercial Lines …
