ASPN (Agency Specialty Product Network) announced it is expanding its regional territories from seven to 11 in the U.S. In addition to the five curent ASPN regional vice presidents, ASPN has added five new regional vice presidents to further increase …
To no one’s surprise A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A++’ (Superior) and issuer credit ratings (ICR) of “aaa” of Government Employees Group (GEICO) and its P/C members. Best also affirmed the ICR of “aaa” …
Max Specialty Insurance Company, of Richmond, Virginia, the U.S. excess and surplus lines unit of the Bermuda-based Max Capital Group Ltd., announced that it has agreed to acquire a U.S.-based admitted insurance company licensed to write business in all fifty …
Angry Bear Stearns Co. Inc. shareholders have wasted no time in calling their lawyers to pursue possible legal claims over the company’s $2-a-share fire sale to JPMorgan Chase & Co. But while the deal may draw legal challenges from investors …
As indicated in the previous article (See above), A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and the issuer credit ratings (ICR) of “aa-” of the core life/health subsidiaries of Nationwide Financial Services, Inc. (NFS). …
Gorton’s Inc. said Monday that the pills a Pennsylvania family reported finding in their fish fillets were harmless over-the-counter herbal supplements. The incident remains an isolated case and the U.S. Food and Drug Administration is leading the investigation, Gorton’s spokesman …
Washington’s Office of the Insurance Commissioner has scheduled a March 19, 2008, hearing to consider an investment group’s request to acquire a controlling interest in a Bellevue, Wash.-based property-casualty insurer. The investment group, J.C. Flowers II L.P., Cayman Islands, an …
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Delaware Insurance Department employee Gene Reed has filed as a Democratic Party candidate for state insurance commissioner. He is the first Democrat to file for the office. Sussex County Recorder of Deeds John Brady is the only Republican to have …
