Democrat Gene Reed has formally entered the race for state insurance commissioner. Reed is a longtime employee of the insurance department and currently serves as the manager of insurance consumer protection enforcement. He’ll challenge two other Democrats in a September …
Narragansett Bay Insurance Co. reported the addition of Raymond Deschene as director of ShelterPride, its risk management and underwriting program for insurance for homes that many other companies have opted against writing. Deschene previously worked for NBIC as vice president …
Delware lawmakers on Tuesday blasted Gov. Ruth Ann Minner’s administration for withholding cancer data from the public, unanimously passing a bill directing state officials to provide more information. Cancer information would be made available to health professionals and to the …
Fire investigators say a piece of farm equipment sparked a fire in Middletown, Delaware that destroyed a barn and caused about $1 million in damage. The fire broke out Monday afternoon in the 1000 block of Jamison Corner Road. Workers …
A.M. Best Co. has upgraded the financial strength rating (FSR) to ‘A-‘ (Excellent) from ‘B++’ (Good) and issuer credit rating (ICR) to “a-” from “bbb” of American Agri-Business Insurance Company (AA-BIC), and has removed them from under review with positive …
Standard & Poor’s Ratings Services has said that its ratings on White Mountains Re Group Ltd. (WMRe) – currently ‘BBB-‘ with a stable outlook – and its operating subsidiaries, Folksamerica Reinsurance Co. and Sirius International Insurance Corp. “are not affected …
Quarterly earnings from bank insurance brokerage hit their second-highest level in first quarter 2008. Bank insurance brokerage earnings in the first three months of 2008 were $1.078 billion, up 8.6 percent from $993.3 million in the first quarter of 2007 …
A bill to punish builders that avoid worker’s compensation fees and other costs by wrongly classifying workers as independent contractors was recently amended on the Pennsylvania House floor. The legislation aims to address supposed abuses in the construction industry. “Each …
Max Specialty, Guaranty Casualty Max Specialty Insurance Co., of Richmond, Virginia, the U.S. excess and surplus lines unit of Max Capital Group Ltd., reports it has acquired Commercial Guaranty Casualty Insurance Co., an insurance entity licensed to write business in …
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. Custom Home Builders Market Detail: Lemac & Associates, a division of Risk Placement Services Inc. …
