Delaware News

A.M. Best Downgrades Rating for Medical Assurance of W. Va.

A.M. Best Co. has downgraded the financial strength rating to B (Fair) from A- (Excellent) of Medical Assurance of West Virginia, Inc., (Charleston, WV) a wholly-owned subsidiary of Medical Assurance Company Inc. (MAI), which, in turn, is a wholly-owned subsidiary …

Len Webb Insurance Agency Adds Account Exec

Marion, Ohio-based Len Webb Insurance Agency has added Stacey Webb Lehner to its staff, according to a statement released to the Marion Star. She has more than 17 years of financial, sales, customer service and management experience. A lifelong Marion …

Peter M. Ross Joins Penn Treaty Board

Penn Treaty American Corporation announced the addition of Peter M. Ross to its Board of Directors. “Mr. Ross, 63, will fill the remaining term of Michael F. Grill, the Company’s treasurer, and will be nominated for a three-year term beginning …

Insurance Journal, InsuranceTimes Team Up for Northeast Publication

San Diego-based Wells Publishing Inc., publisher of the Insurance Journal (IJ) magazine and Online Daily Newsletter, has merged with the InsuranceTimes, a Boston-based insurance industry publication for the northeastern U.S. InsuranceTimes will be known as Insurannce Journal East, one of …

Impact of Crime

Nuts & Bolts: The Chubb Group of Insurance Companies is offering Masterpiece Family Protection to its homeowners policyholders. Family Protection coverage can help defray a broad range of expenses if the policyholder or a covered relative is the victim of …

Excess Flood Coverage

Nuts & Bolts: AIG Private Client Group, a division of the property and casualty subsidiaries of American International Group Inc. (AIG), has expanded its Excess Flood Coverage to 17 additional states across the country, bringing the total to 32 states …

10 Departments Receive Accreditation Awards

Ten state departments of insurance received an Accreditation Award under the National Association of Insurance Commissioners’ (NAIC) Financial Regulation Standards and Accreditation Program during the 2003 NAIC Winter National Meeting in Anaheim. The recipients were: Delaware, Florida, Georgia, Illinois, Louisiana, …

Browne Appointed to NAII Board of Governors

Michael Browne, non-executive chairman of the board of the Harleysville Insurance organization, was appointed to the National Association of Independent Insurers’ (NAII) Board of Governors at its recent Annual Meeting in Atlanta. NAII board members serve a three-year term, however …

Monoline WC Carrier GUARD to Begin Midwest Operations in 2004

Wilkes Barre, Pa.-based GUARD Insurance Group, a monoline workers’ compensation specialist, has begun expanding into the Midwest. Since GUARD’s products are distributed through contracted independent insurance agents and brokers, the company is in the process of appointing producers to commence …

Chubb Group Unveils Coverage to Help Ease Emotional, Financial Impact of Crime

The Chubb Group of Insurance Companies is offering Masterpiece® Family ProtectionSM to its homeowners policyholders in Delaware, the District of Columbia, Maryland, South Carolina and Wisconsin as it continues a nationwide product roll-out. Family Protection coverage can reportedly help defray …