Michael L. Browne, the non-executive chairman of the board of the Harleysville group, was elected to the National Association of Independent Insurers Board of Governors at its recent Annual Meeting in Atlanta, Georgia. The announcement indicated that, although board members …
A.M. Best Co. has affirmed the financial strength ratings of Odyssey Reinsurance Group based in Wilmington, Del., of an “A” (excellent). In addition, Best has assigned the financial strength rating of “A” (excellent) to Hudson Specialty Insurance Company in New …
A.M. Best Co. affirmed the financial strength ratings of Odyssey Reinsurance Group based in Wilmington, Del., of an “A” (excellent). In addition, the financial strength rating of “A” (excellent) was assigned to Hudson Specialty Insurance Company in New York, a …
SCPIE Holdings Inc., a provider of healthcare liability insurance, reported results for its third quarter and nine months ended Sept. 30, 2003. For the 2003 third quarter, SCPIE reported a net loss of $14.8 million, or $1.58 per share, compared …
A.M. Best Co. has affirmed the financial strength ratings of A (Excellent) of Odyssey Reinsurance Group (Wilmington, Del.). In addition, A.M. Best has assigned the financial strength rating of A (Excellent) to Hudson Specialty Insurance Company (New York, N.Y.), a …
A.M. Best Co. announced that it has downgraded the financial strength rating to ‘A-‘ (Excellent) from ‘A’ (Excellent) of Clarendon Insurance Group of Wilmington, Del. and its P/C affiliates. The outlook for the rating is stable. “The downgrade of Clarendon …
The Texas Supreme Court overturned a lower court ruling and found that insurance contracts do not require an insurer to pay a policyholder for the vehicle’s so-called diminished value. According to the National Association of Independent Insurers, the Supreme Court …
The Pennsylvania-based Donegal Group, Inc. announced that it has agreed to acquire all of the outstanding capital stock of the Peninsula Insurance Group from Folksamerica Reinsurance Company. “The acquisition is subject to approval by the Insurance Commissioner of the State …
AIG Private Client Group, a division of the property and casualty subsidiaries of American International Group, Inc. (AIG), has expanded its Excess Flood Program to 17 additional states across the country, bringing the total to 32 states nationwide. Since AIG …
In overturning a lower court ruling, the Texas Supreme Court has ruled that insurance contracts do not require an insurer to pay a policyholder for the vehicle’s so-called diminished value. In the case of American Manufacturers Mutual Insurance Co., et …
