A.M. Best Co. has placed the financial strength rating (FSR) of ‘A-‘ (Excellent) and issuer credit rating (ICR) of “a-” of Chicago’s Celtic Insurance Company under review with negative implications. The action follows the announcement that St. Louis-based Centene Corporation …
Gov. Tim Pawlenty is contemplating extra aid for the worst-hurt bridge collapse victims. Pawlenty told The Associated Press on Monday that he still supports a $400,000 limit on compensation for individual victims of the Interstate 35W bridge disaster. That’s the …
The Minnesota Senate has voted against lifting a state liability cap as they consider a compensation fund for victims of the Interstate 35W bridge collapse. By a 53-9 vote, the Senate stuck with a $400,000 cap on settlements for those …
In 2007, Texas insurers recorded one of their most profitable years of the decade, prompting some consumer advocates to call for tougher state regulation on homeowner rates. Financial reports released by the Texas Department of Insurance indicated most companies had …
The Leavitt Group has named Gregory L. Gates a senior executive in the organization. Gates will provide guidance and deliver quality support to a large section of the company, working with affiliated agencies located in Arizona, Nevada and Georgia. Prior …
The Minnesota Senate’s main budget committee set the price of compensating victims of the Interstate 35W bridge collapse at $25 million signaling delicate negotiations with the House over its $40 million plan. The most significant question revolves around whether to …
The National Association of Mutual Insurance Companies (NAMIC) has announced that Mark Johnston has joined the association as state affairs manager for the Midwest region. Johnston is a former health insurance lobbyist from St. Louis, Mo. Johnston will advocate on …
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The University of Michigan’s Ross School of Business’ latest American Customer Satisfaction Index (ACSI) shows that property and casualty insurers continue to rank above average in customer service compared to other industries. The property casualty insurance industry improved this year …
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