Idaho News

Ratings Recap: Triad, Truckers, Genworth, Arrow, American European, America Fuji, Farm Bureau, American Farmers

Standard & Poor’s Ratings Services has changed the outlook on its ‘B’ long-term counterparty credit rating on Triad Financial Corp. to negative from stable. “The outlook change reflects the company’s weak earnings and difficulty in obtaining stable, long-term funding for …

New Markets

The following markets were selected from the MyNewMarkets database of 25,000 coverages and programs. To find additional markets, or to submit markets, go to www.MyNewMarkets.com. Pizza Delivery Program Market Detail: IPC offers hired and non-owned auto coverage for food delivery …

Texas AG Settles with El Paso Company on Identity Theft Charges

Texas Attorney General Greg Abbott reached an agreement with El Paso-based CNG Financial Corp. and its subsidiaries, Check ‘n Go of Texas Inc. and Southwestern & Pacific Specialty Finance Inc., over charges that the company failed to protect customers from …

PIA Western Alliance Names Washington Junior VP

PIA Western Alliance has named Amanda Washington the association’s junior vice president. She will take a greater role in the day-to-day operation of the Western Alliance’s nonprofit operation, including membership, conventions, marketing, education and communications. Washington has been with the …

Groups Challenging New Maine Health Tax, Driver’s License Laws

Maine election officials said this week that they’ve accepted applications from four groups that are challenging a pair of recently enacted laws, but the four groups could morph into two as the campaigns develop. A group calling itself the Fed …

Earthquakes Raise Questions of Future Shocks, Public Readiness

Just weeks after earthquakes rattled Nevada, the Midwest and the coast of Oregon, and on the heels of the 102nd anniversary of San Francisco’s 1906 earthquake, the public, government officials and insurance industry professionals are wondering whether towns across could …

New Markets

The following markets were selected from the MyNewMarkets database of 25,000 coverages and programs. To find additional markets, or to submit markets, go to www.MyNewMarkets.com. Human Services Nuts & Bolts: Travis Pederesen and Associates is offering general liability, professional, umbrella, …

Referendum Drive Could Overturn New Maine Driver’s License Standard

Maine Secretary of State Matthew Dunlap said his office had received a people’s veto application that could launch a referendum drive to overturn newly enacted legislation to tighten standards for getting a Maine driver’s license. State officials said the people’s …

A.M. Best Upgrades Physicians Insurance A Mutual Co. Rating to A-

Seattle-based Physicians Insurance A Mutual Co. has been upgraded to an A- rating by A.M. Best Co. In its news release on April 23, 2008, A.M. Best noted that Physicians Insurance’s “excellent risk-adjusted capitalization, conservative reserving philosophy and aggressive claims …

Liberty Mutual to Acquire Safeco Insurance in $6.2B Deal

Liberty Mutual Group has agreed to acquire all outstanding shares of common stock of Safeco Corp. for $68.25 per share in cash in a deal that will make Liberty Mutual the fifth largest U.S. property/casualty insurer and second largest surety …