A Manhattan federal judge threw out a class-action lawsuit accusing Moody’s Investors Service and Standard & Poor’s of defrauding investors about the safety of $63.4 billion of mortgage debt. U.S. District Judge Jed Rakoff also dismissed some claims against Bank …
A ban on alcohol along popular canoeing and rafting rivers in south Mississippi’s Pike County is illegal, the attorney for two outfitting business told the state Supreme Court this week. Alfred L. Felder of McComb, representing Ronnie Perry of Gator’s …
A.M. Best Co. has affirmed the financial strength rating of ‘B++’ (Good) and issuer credit rating of “bbb” of VICTORE Insurance Company (VIC) of Oklahoma City, both with stable outlooks. The ratings reflect VICTORE’s current “modest underwriting leverage, sound balance …
There’s no such thing as too much fire protection for a rural state such as Mississippi, says Insurance Commissioner Mike Chaney. Chaney was among dozens of co-sponsors on a 1995 bill that created the Rural Fire Truck Acquisition Assistance Program. …
The federal government has awarded nearly $1 million to Mississippi to pay for smoke alarms in homes. The State Fire Marshal’s Free Smoke Alarm Installation Program is the recipient of the Department of Homeland Security grant. Commissioner of Insurance and …
Ecru, Mississippi insurance agent Ken Nowlin claims in court documents that he was given faulty advice by his attorney in a government kickback case and wants a new trial. In documents filed this month in U.S. District Court in Oxford, …
A new national survey finds that California’s lawsuit climate is among the worst in the country and on par with states including Alabama, Louisiana, and West Virginia. Among local jurisdictions, Los Angeles’ courts were mentioned as the second worst in …
Kinsale Capital Kinsale Capital Group has formed a Virginia-based E&S insurer, called Kinsale Insurance Co., which will underwrite commercial property/casualty and professional liability E&S lines in 31 states and the District of Columbia. The company said it is applying for …
Specialty insurer Philadelphia Insurance Companies has promoted Christopher J. Maguire and Sean S. Sweeney to the position of co-presidents. Maguire joined Philadelphia Insurance Companies in 1987 and has managed underwriting operations and production. His most recent role has been as …
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. Couriers Market Detail: RLI Transportation’s courier coverage for vans, pick-ups and straight trucks must have …
