A.M. Best Co. has revised the rating outlook to negative from stable for the debt rating of “aaa” on $130 million of Series A floating rate senior secured notes, due 2036 (notes) issued by Tailwind Holdings, LLC, a Delaware limited …
Safeco announced that Paul Chmura has joined the company as Northeast regional executive. Chmura comes to Safeco from The Hanover Insurance Group, where he served as the regional vice president of sales and distribution for the Northeast region since 2004. …
Another Mexican candy is being recalled by a San Antonio, Texas, importer due to elevated levels of lead that could cause health problems. The Texas Department of State Health Services says Villa-Mex Imports is voluntarily recalling a third candy imported …
Harvey Insurance Group, a Mid-Atlantic independent insurance broker, reported that Brian Dietrich has been named executive vice president. As a member of the senior management team at HIG, Dietrich will be responsible for oversight of the day-to-day operations and strategic …
On New Year’s Eve, the Florida Office of Insurance Regulation released its annual report on the state of the market for workers’ compensation insurance to the Florida Legislature. The report analyzes the availability and affordability of coverage for workers’ compensation …
The state Office of Highway Safety says traffic deaths in Delaware in 2007 fell to the lowest level in 8 years. Figures released show traffic deaths dropped 20 percent last year to 118, the lowest number since 104 deaths were …
In a victory for the insurance industry, a Delaware Superior Court has ruled that the state’s insurance regulator overstepped his authority when he prohibited property insurers from refusing to renew a homeowner policy based solely on whether the insured had …
The Bermuda-based Argo Group International Holdings, Ltd. (which includes Argonaut Insurance) announced that its U.S. and Bermuda subsidiaries will be restructured to create a new organizational platform for 2008. “Under the new structure, all U.S. subsidiaries of Argo will be …
Fitch Ratings has placed the following ratings of Ambac Financial Group, Inc. and Ambac Assurance Corp. (Ambac) on Rating Watch Negative: Ambac Financial Group, Inc.- Long-term rating ‘AA’; – $400 million 5.95 percent senior unsecured notes due Dec. 5, 2035 …
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