Gov. Mitch Daniels has said he was prepared to keep essential services such as public safety running if lawmakers do not pass a budget by midnight June 30, but warned that most of state government would shut down. Daniels said …
A.M. Best Co. has assigned a financial strength rating of ‘A-‘ (Excellent) and issuer credit rating of “a-” to CastlePoint Florida Insurance Company with stable outlooks. “CFIC is a newly formed insurance company that received a certificate of authority from …
Beginning in June 2009, Michigan-based Hagerty Insurance, a major provider of provider of collector vehicle insurance, expanded its operations into Canada. “The move will allow Canadian enthusiasts similar insurance products and services as those currently offered in the United States …
Theodore R. (Ted) Magley, a nearly 45-year employee of Ohio-based State Auto Insurance Companies and former chairman of the board, died at home on June 22, after a brief battle with cancer. He was 81. In 1949, shortly after receiving …
A.M. Best Co. has revised the outlook to negative from stable and affirmed the financial strength rating of ‘A-‘ (Excellent) and issuer credit ratings of “a-” of Plymouth Rock Assurance Group (PRAC), which includes the operations of Plymouth Rock Assurance …
U.S. states probing employee bonuses paid by American International Group Inc. using taxpayer money plan to join federal investigators in the matter, while leaving open the possibility of pursuing the case themselves. Since March, a 19-state coalition has been investigating …
Like the house across the street gone missing and the one at the corner stripped of its front door, the weathered brown bungalow at 1430 Jane Ave. bided its time, edging nearer to a meeting with a wrecking crew. But …
Farmers Insurance Group of Companies will build two new buildings and add an estimated 1,600 new jobs at its location in Caledonia, Michigan. The company said that the development is attributable in part to an attractive incentives package offered by …
Michigan’s insurance regulator is reinstating a requirement that insurance companies submit all home and auto insurance documents and forms to the state insurance department for review prior to using them. The order from the Office of Financial and Insurance Regulation …
Kansas City-based insurance broker Lockton has added Michael Todorovich II as vice president and producer in its St. Louis office. With more than 11 years of experience in the insurance industry, Todorovich’s expertise includes mergers and acquisitions and executive risk. …
