While insurance consumer advocates step up their criticism of insurers’ use of credit scores, the American Insurance Association (AIA) and Property Casualty Insurers Association of America testified before a Minnesota Senate committee against legislation that they said would take away …
A regulatory exclusion in a directors and officers liability insurance policy applies to an insurance regulator acting as liquidator, according to the Nebraska Supreme Court. The ruling is believed to be the first by any state Supreme Court upholding a …
A.M. Best Co. has revised its outlook to negative from stable and affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” for American Family Insurance Group (AMFAM), which includes American Family Mutual Insurance …
A.M. Best Co. has affirmed the financial strength rating of B+ (Good) and issuer credit rating of “bbb-” of Battle Creek Mutual Insurance Co. in Nebraska. The outlook for both ratings has been revised to negative from stable. A.M. Best …
The percentage of auto loans past due 60 days or more rose 8.9 percent in the fourth quarter of 2008, compared with the prior-year period, according to credit reporting agency TransUnion. And the numbers point to auto delinquencies shooting to …
A proposal to put interlocks in the vehicles of every West Virginian convicted of drunken driving appears to be on hold this year while lawmakers await the results of an earlier expansion of the program. But a West Virginia University …
A federal appeals court has reversed a lower court ruling against a former Beatrice bank worker who said he lost his job because of his rare voice disorder. The 8th U.S. Circuit Court of Appeals on Friday ruled in a …
The bank accounts of a Grand Island insurance agency under investigation for an alleged Ponzi scheme and the accounts of a related company have been frozen. An attorney representing First Americans Insurance Service in its bankruptcy says First Nations Compensation …
Auto Club Insurance Association, a Dearborn, Michigan-based insurer, reported it has agreed to acquire MEEMIC Insurance Co. and its insurance agency affiliate, MEEMIC Insurance Services Corp. ACIA is the second largest provider of auto insurance in Michigan based on net …
Nebraska’s highest court will determine whether a state insurance guaranty fund must cover nearly $1 million in losses suffered by 26 Nebraskans in a life insurance deal. The Nebraska Supreme Court heard arguments this week in the appeal and cross …
