Georgia and West Virginia may reconsider their approval of the Anthem Inc./WellPoint merger, after learning about California’s $265 million concessions package. Seven other states, plus Puerto Rico, may decide to reconsider their earlier approval of the merger including Delaware, Illinois, …
The U.S. Department of Homeland Security’s Federal Emergency Management Agency (FEMA) reported this week that a record $4.27 billion in FEMA disaster funds have been expended to date to aid people and communities victimized by one of the most intense …
The U.K.’s Wellington Underwriting plc. announced that it has completed the purchase of AXA Corporate Solutions Excess and Surplus Lines Insurance Company, first announced on June 25, 2004. The bulletin noted that final regulatory approvals have been received and that …
A.M. Best Co. has assigned an initial financial strength rating of A- (Excellent) and an issuer credit rating of “a-” to Wellington Specialty Insurance Company (Scottsdale, Ariz.) (Wellington Specialty), a newly formed U.S. insurer that is part of the Wellington …
New York- based financial guarantee insurer MBIA, Inc. has issued a follow-up bulletin concerning the subpoenas it recently received from the Securities and Exchange Commission and the New York Attorney General’s office “requesting information with respect to non-traditional or loss …
The vote tallies in the presidential and congressional races suggest this is a blue region (with the exception of Virginia) but that is probably not true of the insurance community here or elsewhere. Purple, maybe; blue, doubtful. Blue voters can …
While most folks are just happy the political advertisements are gone, Election Day 2004 did provide some results of interest to the insurance industry. President George W. Bush (R) was re-elected for a second term, Republicans gained seats in both …
Delaware Valley Underwriting Agency Inc. (DVUA) is expanding into the New England area with the purchase of the assets of Zimmerman Specialty Insurance Brokerage Inc. of Natick, Mass., by its parent, PIC Holdings. Zimmerman Specialty is an excess and surplus …
The reorganization plan filed by W.R. Grace & Co. in its Chapter 11 bankruptcy case includes a proposal to establish a trust to handle a variety of asbestos claims against the chemical manufacturer. The reorganization plan, filed in U.S. Bankruptcy …
Georgia and West Virginia are two southeast states that could reconsider their earlier approval of the Anthem Inc./WellPoint merger, after California’s $265 million concessions package in California. Seven other states, plus Puerto Rico, that may reconsider their earlier approval of …
