A.M. Best Co. has removed from under review with negative implications and affirmed the financial strength rating (FSR) of ‘A-‘ (Excellent) and issuer ratings (ICR) of “a-” of the new York-based Tower Group Companies and its pooled members. Best also …
A.M. Best Co. has downgraded the issuer credit rating (ICR) to “bbb” from “bbb+” and affirmed the financial strength rating (FSR) of B++ (Good) of Wolverine Mutual Insurance Co. of Dowagiac, Michigan. The rating agency’s outlook for the FSR has …
Michigan Gov. Jennifer Granholm’s call for auto insurance companies to freeze their rates has won over eight companies thus far, although they are insurers with small share of the market in the state. In a Feb. 3 order, Granholm asked …
Citizens Insurance Co. of America, through its parent company’s foundation, The Hanover Insurance Group Foundation, Inc., has awarded 11 scholarships to public high school students and children of employees in its home community of Howell, Michigan, and in several nearby …
24% of All Muslims in U.S. Have College Degrees; 16% Are High Income Earners While there are an estimated 130 entities selling takaful — cooperative insurance that is true to Shariah tenets of Islamic religious law — in foreign countries …
Drunken System “It is surprising to the authors that these tragedies do not occur more frequently than they do in Kansas. As we studied this issue, we found many things that need attention, and many parts of the system about …
American International Group’s involvement with the Islamic insurance market at the same time it is taking government bailout funds has provoked the ire of a Christian rights group in the U.S. The Michigan-based Thomas More Law Center filed suit against …
Insurance trade groups have come out swinging against Michigan Gov. Jennifer Granholm’s call for auto insurers to freeze rates until lawmakers can enact some of the reforms in a report by the state’s insurance consumer advocate, Melvin Hollowell. The trade …
In a bold and gutsy move in the face of an economy in downward spiral and unemployment levels approaching record highs, Michigan Governor Jennifer Granholm has called for a freeze on price increases by all hospitals, doctors, physical therapists, auto …
Automobile fatalities declined in 40 states in 2008, a sign that traffic deaths could dip to their lowest levels in four decades. The Governors Highway Safety Association said that vehicle deaths dropped in 40 states and the District of Columbia …
