A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and downgraded the issuer credit ratings (ICR) to “aa-” from “aa” of American Family Life Assurance Company of Columbus (Aflac) and American Family Life Assurance Company of …
The accidental deaths of two teenage boys at an excavation site in 1997 were separate occurrences under the liability insurance policy of the property owner, the Illinois Supreme Court has ruled in reinstating a $2 million judgment against the insurer. …
Illinois Secretary of State Jesse White is crediting Illinois’ tougher teen driving laws for a drop in the number of teens who died in car wrecks. According to White, the number teen driving fatalities totaled 92 last year, down from …
State Farm says it will resume selling renters insurance in parts of Mississippi away from the Gulf Coast. Company spokesman David Majors said that State Farm will still not selling new homeowners policies anywhere in the state, but will sell …
Kansas City-based UMB Financial Corp. reported that Roger Forystek has joined the company as president of its insurance subsidiary, UMB Insurance. He will be responsible for overseeing the insurance company and managing growth of insurance sales and distribution. Forystek has …
The Democratic-led U.S. Congress Tuesday gave final approval to what may be the first bill signed into law by President Barack Obama — a measure to reverse a 2007 U.S. Supreme Court decision that made it tougher to sue for …
Westfield Insurance, NGM Insurance Co. Westfield Insurance will transfer its personal lines business in Delaware to The Main Street America Group’s NGM Insurance Co., Main Street said. Westfield, which is headquartered in Westfield Center, Ohio, entered Delaware in 2000 through …
Victoria, Cranbrook Victoria Insurance Co., a subsidiary of Michigan-based USF Insurance Co., has changed its name to Cranbrook Insurance Co. Cranbrook is incorporated in Texas with its headquarters in Farmington Hills, Mich., and is an A.M. Best A- rated property …
Name Change “While this name change reflects our vision for today and the future, it also brings into focus our long and rich history in this state.” —The Springfield-based Professional Independent Insurance Agents of Illinois announcing that it has changed …
AFCO Credit, Cananwill AFCO Credit Corp. plans to buy the domestic operations and assets of the premium finance business of Cananwill from Aon Corp. The purchase is expected to be completed by the end of the first quarter. Terms were …
