A Louisiana district court judge last week ordered the liquidation of Lighthouse Property Insurance Co., the troubled homeowners insurer who held policies in Louisiana, Florida, Texas, North Carolina and South Carolina. Judge Richard “Chip” Moore, III of the 19th Judicial …
A.M. Best Co. has downgraded the financial strength ratings (FSR) to ‘A’ (Excellent) from ‘A+’ (Superior) and issuer credit ratings (ICR) to “a+” from “aa-” of Old Republic Insurance, Bituminous Insurance Companies of Rock Island, Ill and their respective property/casualty …
Oklahoma City-based privately held independent insurance agency, INSURICA, announced it has acquired Guaranty Insurance Services, headquartered in Plano, Texas. INSURICA President and CEO Mike Ross said the acquisition significantly expands the agency’s market reach and nearly doubles the company’s revenue …
