Delaware Insurance Commissioner Matt Denn has approved insurance rate cuts for State Farm homeowner policies as well as for private passenger auto policies from three AIG companies, from Harleysville Insurance and from Westfield Insurance. The approved rate cuts include: State …
Greg Thompson, president and chief executive officer of Thomco, is the new president of the Target Markets Program Administrators Association, a national organization serving program managers. Thomco, headquartered in metro-Atlanta, was established in 1977 and has been an MGA focused …
Newly elected Democratic governors in Massachusetts, New York and Maryland are expected to name their own insurance commissioners, although it’s to early to know who the successors might be, according to insurance industry insiders. The industry will see many new …
Merchants Group Inc. in Buffalo, N.Y., which sells property casualty insurance through Merchants Insurance Co. of New Hampshire, agreed to be bought by American European Group Inc., a private insurance holding company. The cash acquisition price is valued at $33 …
Greg Thompson, president and chief executive officer of Thomco, is the new president of the Target Markets Program Administrators Association, a national organization serving program managers. Thomco, headquartered in metro-Atlanta, was established in 1977 and has been an MGA focused …
Newly elected Democratic governors in Massachusetts, New York and Maryland are expected to name their own insurance commissioners, although it’s to early to know who the successors might be, according to insurance industry insiders. The industry will see many new …
Stock Prices: Commercial lines stock prices were up 7 percent through the first nine months of 2006. In October, insurers reported dramatic changes from 2005 third quarter earnings that were dominated by catastrophe losses and have since reaped the benefits …
Ohio and West Virginia residents who sued DuPont over a chemical used to produce Teflon may have to wait up to five years before learning if their health has been adversely affected by the substance, members of a science panel …
A.M. Best Co. has upgraded the financial strength rating (FSR) of Majestic Insurance Co. of San Francisco to A- from B++, removed the ratings from under review and assigned an issuer credit rating (ICR) of “a-“. Concurrently, A.M. Best has …
A Delaware court this week accepted a settlement from a group of former Hollinger International Inc. directors who agreed to end a shareholder lawsuit by paying Sun-Times Media Group Inc. $50 million. The settlement, first announced in May 2005, will …
