A.M. Best Co. has commented that the financial strength rating of A- (Excellent) and issuer credit ratings of “a-” of Doctors Company Insurance Group (TDC) and its members, led by The Doctors Co., an Interinsurance Exchange based in Napa, Calif., …
Worcester, Mass.-based The Hanover estimated its pre-tax losses resulting from catastrophe events in the second quarter of 2010 to be approximately $85 million. The majority of the losses were associated with six significant events, including two severe hail and wind …
A.M. Best Co. has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit rating of “a+” of Vermont-based Iron Horse Insurance Company, both with stable outlooks. The ratings reflect Iron Horse’s “superior risk-adjusted capitalization, experienced management team and …
A 78-year-old Washington Township woman has been awarded $1.2 million for burns and permanent scars suffered while she was a patient at Henry Ford Macomb Hospital. Valerija Milosevic was awarded the money by a Macomb County Circuit Court jury on …
A.M. Best Co. has commented that the financial strength rating of ‘A-‘ (Excellent) and issuer credit ratings (ICR) of “a-” of the Chicago-based First Mercury Group and its members and the ICR of “bbb-” of the parent holding company, First …
The Michigan Supreme Court has ruled that the Granholm Administration exceeded its authority when it banned the use of credit scoring by insurance companies in the state. The decision means insurers in Michigan can continue to use credit scoring in …
Pontiac authorities say a serial arsonist is responsible for a spate of recent fires. Since March, 16 unoccupied homes and apartments have been torched throughout the Detroit suburb about 20 miles north-northwest of Detroit. Eleven have been set ablaze during …
The Doctors Co., a national insurer of physician and surgeon medical liability, will acquire American Physicians Capital Inc. (APCapital), an East Lansing, Mich.-based provider of healthcare liability insurance, in a transaction that is expected to close in the fourth quarter …
The Insurance Marketing Communications Association (IMCA) has honored Grand Rapids, Mich.-based Foremost Insurance Co. with a Showcase Award of Excellence, in the category of Publications, for the company’s Manufactured Home Market Facts Report. The report, “Manufactured Home Market Facts Report,” …
