Houston Casualty Co. News

Insurer Sued Over 80th Birthday Event Cancellation at Sting’s Estate in Italy

A Pennsylvania firm that organized a three-day musical festival for its owner’s 80th birthday at the Italian residence of musician Sting is suing its insurer seeking payment under an event cancellation policy. Wingstone Investment Holdings and its sole owner Loralee …

AM Best Downgrades Ratings of Tokio Marine GRV Re in Oklahoma City

AM Best has downgraded the Financial Strength Rating (FSR) to A (Excellent) from A++ (Superior) and the Long-Term Issuer Credit Rating (Long-Term ICR) to “a” from “aa+” of Tokio Marine GRV Re Inc. (TMGRV Re) in Oklahoma City. The outlook …

Ratings of Texas-Based Producers Agriculture Insurance Cos. Upgraded

A.M. Best announced it has upgraded the financial strength rating to A+ (Superior) from A (Excellent) and the issuer credit ratings to “aa” from “a” of Producers Agriculture Insurance Co. (Pro Ag) and Producers Lloyds Insurance Co. (Producers Lloyds). Both …