September 15, 2009
Motorists would be forbidden to send text messages while behind the wheel under proposals awaiting legislative action in Kentucky early next year. Two lawmakers have filed bills that would add Kentucky to a growing list of states — 18 so …
September 14, 2009
A Maryland man has entered an Alford plea in connection with a fire at his home last year. Fifty-one-year-old Bruce B. Opel entered the plea to a charge of reckless endangerment Wednesday in Allegany County Circuit Court. With an Alford …
September 11, 2009
Standard & Poor’s Ratings Services has assigned its ‘BBB+’ senior debt rating on W.R. Berkley Corp.’s proposed issue of approximately $300 million senior unsecured notes, which are due in 2019. WRB will use the net proceeds of the issue to …
September 9, 2009
The nation’s insurance regulators are looking into the role that credit rating agencies play in the insurance regulatory system. The National Association of Insurance Commissioners (NAIC) said it will hold a public hearing on Sept. 24 to discuss the past …
September 7, 2009
Regulators Say Fingerprinting Keeps Criminals Out of the Business Don’t be alarmed, but there are convicted criminals roaming around the country acting as insurance producers. They could be robbers, forgers, possibly even rapists. They got their producer licenses in states …
September 7, 2009
Grain Dealers/Main Street Grain Dealers Mutual Insurance Co., an Indiana-domiciled regional property/casualty insurance company, will become an affiliate of Florida-based Main Street America if approved by the Indiana Department of Insurance. Financial terms were not disclosed. Grain Dealers Mutual operates …
September 7, 2009
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. Waste Operations Program Market Detail: Five Star Specialty Programs’ waste operations program offers a comprehensive …
September 3, 2009
The federal Equal Employment Opportunity Commission says Maryland grocery chain Mars Super Markets will pay $275,000 to settle a gender discrimination lawsuit. The settlement was announced Tuesday. Part-time deli clerk Gail Brown alleged that Mars wouldn’t hire her as an …
September 2, 2009
A.M. Best Co. has revised the outlook to positive from stable for the issuer credit ratings (ICR) of “aa-” and has affirmed the ICRs and financial strength rating (FSR) of ‘A+’ (Superior) of Houston Casualty Group (HCC) and its property/casualty …
September 2, 2009
A.M. Best Co. has upgraded the financial strength rating to ‘A’ (Excellent) from ‘A-‘ (Excellent) and issuer credit ratings to “a” from “a-” of Western National Insurance Group (WNG) and its members. The group’s ratings are based on the consolidated …