AM Best has upgraded the Financial Strength Rating (FSR) to A (Excellent) from A- (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) to “a” (Excellent) from “a-” (Excellent) of ClearPath Insurance Co., which does business as ClearPath Specialty and …
Maryland-based commercial property/casualty insurer Harford Mutual Insurance Group announced that it has received final approval from the Maryland Insurance Administration of its merger with ClearPath Mutual Insurance Co., a monoline workers’ compensation carrier headquartered in Louisville, Kentucky. The merger, which …
Lockton Appoints Caruso Financial Institutions Practice Leader in the Northeast Lockton, based in Kansas City, Missouri, has appointed Joe Caruso as its financial institutions practice leader in the Northeast. Caruso is based in New York, New York. Caruso brings 30 …
Harford Mutual Promotes Gearhart, Thames Wayne Gearhart has been promoted from vice president of claims to senior vice president and chief operating officer of Hartford Mutual Insurance Group, headquartered in Hartford, Connecticut. Gearhart brings nearly 30 years of insurance industry …
A federal judge in New Jersey has ruled that a New Jersey property owner is not entitled to insurance coverage for a shooting because it never disclosed it owned the banquet hall where the shooting took place on its two …
The new chairman of the National Association of Mutual Insurance Companies is Steve Linkous, president and CEO of Bel Air, Maryland-based Harford Mutual Insurance Companies. In his address at the group’s annual convention in Vancouver, Linkous urged members to seize …
A.M. Best Co. has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit rating of “a+” of Vermont-based Iron Horse Insurance Company, both with stable outlooks. Best said the ratings “reflect Iron Horse’s adequate risk-adjusted capitalization, explicit parental …
