At year end it is a common practice for many insurance attorneys to peek at the likely new issues for the forthcoming year. Not surprisingly, most of the really big issues that arise in any given year are not the …
Standard & Poor’s Ratings Services affirmed its ‘Api’ counterparty credit and financial strength ratings on Canal Insurance Co. and its wholly owned and reinsured subsidiary Canal Indemnity Co. The ratings on Canal Insurance Co. reflect its extremely strong capitalization, good …
Michael J. Fiorile and Mark A. Blackburn were elected to the Columbus, Ohio-based insurer State Automobile Mutual Insurance Co.’s board of directors at its Nov. 21 meeting. Fiorile has been president and CEO of the Dispatch Broadcast Group since April …
Standard & Poor’s Ratings Services announced that it has affirmed New York Central Mutual Fire Insurance Co.’s (NYCM) ‘BBBpi’ counterparty credit and financial strength ratings. The “pi” indicates the ratings are compiled from public information. “The ratings reflect its extremely …
A.M. Best Co. has downgraded the financial strength ratings of the Royal & SunAlliance USA Insurance Pool (Royal USA) (Charlotte, N.C.) and the Royal Surplus Lines Insurance Company (Charlotte) to B (Fair) from B+ (Very Good). The surplus lines company …
Stonewood Insurance Company (Stonewood) announced that the North Carolina Department of Insurance has approved its license to write workers’ compensation effective Nov. 12, 2003. Stonewood was incorporated in North Carolina on Oct. 16, 2003 and was created to provide workers’ …
The Seibels Bruce Group, Inc. announced financial results for the quarter that ended Sept. 30, 2003 and other matters. For the third quarter of 2003, the South Carolina-based company reported a net loss of $1.5 million or $(0.21) per share …
William Pollard, executive vice president and general manager of the North Carolina Farm Bureau Mutual Insurance Company and 2003 chairman of the Board of Governors of the National Association of Independent Insurers’ (NAII) was re-elected chairman of the NAII Board …
North Carolina-based BB&T Insurance Services, in its largest acquisition ever, said it plans to buy McGriff, Seibels & Williams Inc. of Birmingham, Ala. The transaction, approved by the directors of BB&T Corporation and McGriff, Seibels & Williams, includes $304 million …
North Carolina-based BB&T Insurance Services, in its largest acquisition ever, said it plans to buy McGriff, Seibels & Williams Inc. of Birmingham, Ala. The transaction, approved by the directors of BB&T Corporation and McGriff, Seibels & Williams, includes $304 million …
