Ohio-based wholesale insurance broker and program administrator Breckenridge Insurance Services has acquired the assets of International Placement Services, LC (IPSICO), a wholesale insurance brokerage firm in St. Louis. Terms were not disclosed. The deal is the fourth for Breckenridge, which …
Earlier in 2010, Colorado State’s Tropical Meteorology Project forecasted eight hurricanes to emerge from 15 named tropical storms in the Atlantic basin. Of those, four were forecasted to become major hurricanes. On August 29, Tropical Storm Earl was upgraded to …
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. Hotel/Motel Program Market Detail: Specialty Insurance Agency has expanded its hotel/motel program to California. Program …
A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A-‘ (Excellent) and issuer credit rating (ICR) of “a-” of Valiant Insurance Company and Valiant Specialty Insurance Company, both domiciled in Wilmington, Del. Best also noted that the “ratings …
Lawsuits against banks over their mortgage lending and foreclosure practices continue to pile up, with JPMorgan, PNC Financial Services and Ally Financial disclosing suits on Tuesday. JPMorgan Chase & Co. faces two possible class action lawsuits related to foreclosures, the …
A.M. Best Europe – Rating Services Limited has affirmed the financial strength ratings of ‘A-‘ (Excellent) and issuer credit ratings (ICR) of “a-” of Torus Insurance (Bermuda) Limited, Torus Insurance (UK) Limited, Torus Specialty Insurance Company and Torus National Insurance …
A new study has found that crashes involving 16-year-olds in Delaware have dropped 30 percent since the graduated driver’s license law took effect in 1999. The University of Delaware study attributes the drop to more parental supervision and night-driving restrictions. …
A.M. Best Co. has affirmed the financial strength ratings (FSR) of ‘A+’ (Superior) and issuer credit ratings (ICR) of “aa-“of Houston Casualty Group (HCC), its property/casualty members and HCC Life Insurance Company. Best also upgraded the FSRs to ‘A+’ (Superior) …
Alterra Capital Holdings Limited has renamed Max Specialty Insurance Co. as Alterra Excess & Surplus Insurance Co. This is part of an overall rebranding of Alterra following the May 2010 merger of Max Capital and Harbor Point to form Alterra. …
Undoubtedly bills will be filed to strengthen Mississippi’s texting-while-driving ban during the 2011 legislative session, and questions about enforcement are sure to be raised. A law enacted in 2009 banned beginning teenage drivers from sending text messages from behind the …
