Delaware News

EPA: Toxic Chemicals at Delaware Site Will Remain for 100 Years

The EPA project manager overseeing cleanup at the abandoned Metachem site near Delaware City says toxic chemicals will remain there for at least 100 years. Hilary Thornton spoke Tuesday night about the Environmental Protection Agency’s approach to the former Standard …

Max Specialty Admitted in Puerto Rico

The Bermuda-based Max Capital Group Ltd. announced that Max Specialty Insurance Company, a Delaware licensed insurer, is now approved to write business on a non-admitted basis in 49 other states, the US Virgin Islands and Puerto Rico. Max Specialty’s President …

Best Affirms Ex-AIG Personal Lines Company Ratings; Outlooks Stable

A.M. Best Co. has affirmed the financial strength ratings (FSRs) of ‘A’ (Excellent) and issuer credit ratings (ICRs) of “a” of the operating insurance units of the former AIG Personal Lines Group, including the 21st Century Insurance Companies (collectively PAG). …

Business Moves

Focus Holdings, Capacity Insurance Focus Holdings, LLC in Sunrise, Florida, closed on its acquisition of Capacity Insurance Co. (CIC), a Florida domestic commercial lines insurer, effective July 1, 2009. Focus, better known by the name of its largest subsidiary, MacNeill …

Business Moves

AIG, 21st Century Insurance, Farmers Group Inc. American International Group has closed the sale of 21st Century Insurance Group, the wholly owned subsidiaries of AIG’s U.S. personal auto insurance business, to Farmers Group Inc. (FGI), a subsidiary of Zurich for …

Japanese Agents Tour U.S. Agencies to Learn Best Practices

Most of Japan’s 300,000 Agencies Are Small, But They Are Dreaming Big ‘I’-Like The owners and producers of Japan’s estimated 300,000 insurance agencies can only dream of the success and freedom that the 40,000 independent agencies in the United States …

New Markets

The following markets were selected from the MyNewMarkets database of 25,000 coverages and programs. To find additional markets, or to submit markets, go to www.MyNewMarkets.com. Nursing Homes/Assisted Living Facilities Market Detail: U.S. Risk Brokers Inc.‘s Houston office offers an exclusive …

Ohio Casualty Introduces Commercial Fleet Management System

Fairfield, Ohio-based Ohio Casualty, a Liberty Mutual Agency Markets regional company, has introduced Onboard Advisor, a fleet management system that helps companies increase commercial fleet safety and productivity, save on commercial auto insurance premiums and more. The company said Onboard …

Best Affirms Allied World and Operating Affiliates ‘A’ Ratings

A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of Bermuda-based Allied World Assurance Company and its operating affiliates. Best also affirmed the ICR of “bbb”, the debt rating …

Business Moves

Wells Fargo Insurance Services, Grady & Associates Wells Fargo Insurance Services Inc. signed a definitive agreement to acquire Grady & Associates, a retail broker in Las Vegas. The acquisition closed June 1, 2009, and terms of the transaction were not …