Crist-Crossed
It’s a new day in several state houses in the Southeast, which has been red for years but went even redder as it got caught up in the Republican tide that swept the nation. Voters elected new Republican governors in …
Republicans Gain Control in State Houses, Governor Offices
Republicans were not only victorious in the U.S. House but also in state houses across the country. The new GOP power will give the party its largest number of seats in state legislatures since the Great Depression, according to the …
People
J. Michael “Mike” Miley of Indiana-based Gibson Insurance Group was installed as chairman of the Independent Insurance Agents & Brokers of America (the Big “I”). Miley began his insurance career in 1973 and joined Gibson Insurance Group in 1983. He …
Lloyd’s New Director of North America, McGovern, Navigates Turbulent Waters
Addressing Changes in EU and U.S. Regulations; North American Lloyd’s Reorganization Sean McGovern, Lloyd’s general counsel and, since February 2010, the director of Lloyd’s North America, may still have time to pursue his favorite pastime – sailing – but he …
S&P Raises ProAssurance Rating One Notch to ‘BBB’; Outlook Stable
Standard & Poor’s Ratings Services has raised its counterparty credit rating on ProAssurance Corp. to ‘BBB’ from ‘BBB-‘ with a stable outlook. S&P said the upgrade “reflects our view of PRA’s financial profile, supported by its strong operating performance, capital …
Ratings Roundup: Erie Group, Waco Fire & Casualty, Maya Assurance
A.M. Best Co. has commented that the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit ratings (ICR) of “aa-” of Erie Insurance Group and its members are unchanged following the announcement that Erie Indemnity Company has entered into …
Republicans Gain Control in State Houses
Republicans were not only victorious in the U.S. House but also in state houses across the country. Tuesday night’s GOP power will give the party its largest number of seats in state legislatures since the Great Depression, according to the …
ACE Appoints Shevlin in Southeast, Rau in Southwest
ACE USA, the U.S.-based retail operating division of the ACE Group, has appointed Jim Shevlin as senior vice president and regional executive officer for its Southeast region, and Tim Rau as senior vice president and regional executive officer for the …
Republican Hudgens Elected Georgia Insurance Commissioner
Republican state Sen. Ralph T. Hudgens will be the new Georgia insurance and fire safety commissioner. Hudgens defeated Democrat Mary Squires, garnering 54 percent of the vote to 42 percent for Squires. Hudgens will succeed fellow republican John Oxendine as …
Declarations
Pioneering “This new lab is a tangible, dramatic, generous demonstration of the property insurance industry’s deep commitment to reducing and preventing losses that disrupt the lives of millions of home and business owners each year.” —Julie Rochman, Institute for Building …
