President Bush has ordered federal aid to be made available to seven northern Illinois counties that were hard-hit by heavy snow in early February. The president’s action makes federal funding available to the state of Illinois and local governments in …
Reacting to Gulf Coast hurricanes and potential future storm losses, State Farm said it will limit coverage in Alabama for new policies in Mobile and Baldwin counties beginning April 1. State Farm, based in Bloomington, Ill., will no longer write …
Illinois-based Arthur J. Gallagher & Co. reports it has acquired Healthcare Risk Solutions, LLC headquartered in Fort Washington, Pennsylvania. Terms of the transaction were not disclosed. Founded in 2002, Healthcare Risk Solutions, LLC is a property/casualty retail insurance broker providing …
Novato, Calif.-based Fireman’s Fund Insurance Co. announced it will offer new uninsured/underinsured liability protection as an endorsement to its Prestige Excess policy – personal liability coverage that protects the customer from damages they incur due to the wrongful acts of …
A Miami-Dade County man pleaded guilty to involvement in a staged accident ring, according to Florida Chief Financial Officer Alex Sink. Wilfred Cyriaque, 57, was sentenced to 54 months in prison, followed by five years of reporting probation. As a …
Insurance companies have agreed to pay $165 million (euro104.63 million) to settle lawsuits brought by relatives of those killed in a 2000 plane crash in the Philippines, lawyers for the families said. The families of about 100 of the 131 …
Fitch Ratings has affirmed its ratings on The Travelers Companies, Inc (TRV). as follows: –Issuer Default Rating (IDR) ‘A+’; –Senior unsecured notes ‘A’ –subordinated notes ‘A-‘; –Insurer financial strength (IFS) on insurance company subsidiaries at ‘AA’. The outlook on all …
Robert M. Bryant, president and chief executive officer of the National Insurance Crime Bureau (NICB), recently announced the appointment of Joseph H. Wehrle, Jr., as senior vice president and chief operating officer for NICB. From 2003 – 2007, Wehrle was …
A.M. Best Co. has assigned issuer credit ratings (ICR) of “aa-” and affirmed the financial strength ratings (FSR) of ‘A+’ (Superior) of COUNTRY Insurance & Financial Services of Bloomington, Ill., its property/casualty members and key life insurance affiliates. Best also …
Florida ranks the worst in terms of tort costs and litigation risks, while North Dakota ranks the best. In a separate ranking, Colorado has the best tort laws on its books, while Rhode Island has the worst. The free-market think …
