People
Neal S. Wolin has been confirmed by the U.S. Senate to serve as the deputy secretary of the U.S. Department of the Treasury. In February, Wolin was named deputy assistant to the President and deputy counsel to the President for …
Ratings Recap: GeoVera, Catholic Knights, Auto Owners, Church Mutual
A.M. Best Co. has revised the outlook to positive from stable and affirmed the financial strength rating (FSR) of ‘A-‘ (Excellent) and issuer credit ratings (ICR) of “a-” of Calif.-based GeoVera Insurance Group and its P/C members. “The ratings and …
State Auto: How a Regional Carrier Weathers the Storms
Super Regional CEO Restrepo Talks Catastrophe Losses, Premium Growth and Independent Agents How are regional insurance companies faring in today’s climate — financial and catastrophe? What challenges do they face? How can they grow? Why are they so popular with …
My New Markets
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. Staffing Firms Market Detail: World Wide Specialty Programs was founded 40 years ago to provide …
Michigan Agent Walker Named to Big ‘I’ Executive Committee
David Walker of the Hartland Insurance Agency in Hartland, Michigan has been named to the Executive Committee of the Independent Insurance Agents & Brokers of America (IIABA). As an Executive Committee member, Walker will work with the IIABA association board …
Illinois AG Joins Midwest States Seeking Protection for Chrysler Workers
Attorney General Lisa Madigan has filed an objection to the terms of Chrysler’s pending sale to Fiat in federal bankruptcy court on behalf of the Illinois Workers’ Compensation Commission (IWCC) and the Illinois Self-Insurers Advisory Board (ISIAB). Attorneys general in …
Ohio Joins in Objecting to Chrysler Sale for Workers’ Comp Reasons
The state of Ohio has joined Michigan in its objection to the pending sale of Chrysler LLC because of workers’ compensation issues. Ohio Attorney General Richard Cordray said his office filed a limited objection to the pending Chrysler sale in …
Business Moves
Phenix Mutual, Motorists Mutual Concord, New Hampshire-based Phenix Mutual Fire Insurance Co. announced that it will become an affiliate of The Motorists Insurance Group, upon approval by regulators in New Hampshire and Ohio, where Motorists is headquartered. Phenix, which operates …
No Resolution on Credit Scores
The use of credit scores by insurance companies in rating methodologies continues to be unresolved in several Midwest states, as evidenced by ongoing court battles and legislative actions aimed at tweaking existing laws. Michigan’s battle against credit scoring in insurance …
Michigan Objects to Chrysler-Fiat Deal Over Workers’ Compensation
Michigan is objecting to the sale of Chrysler LLC assets to Italian automaker Fiat, claiming the new company won’t meet obligations to a state workers’ compensation fund. State Attorney General Mike Cox has filed papers in bankruptcy court in New …
