The Ohio Department of Insurance has revoked the licenses of two troubled insurance companies: Imperial Casualty and Indemnity Co. of Oklahoma City, Okla., and Atlantic Mutual Insurance Co. (AMIC) of New York, N.Y. In March 2010, the District Court of …
A.M. Best Co. has revised the outlook to negative from stable and affirmed the financial strength rating of ‘A-‘ (Excellent) and issuer credit ratings of “a-” of Builders Insurance Group and its three pooled members: Builders Insurance (A Mutual Captive …
Financial Services and Life Sciences Companies Should Be on the Lookout To find out which company will be next in line for one of these insult-to-injury lawsuits, just keep a close eye on the headlines. Securities class action lawsuits are …
Tornados and thunderstorms that swept through the Midwest over the weekend killed at least four people in Ohio, sent several to hospitals, destroyed 50 homes and damaged scores more, as well a high school gymnasium where graduation was to be …
Securities class action lawsuits are the most important factor driving claims severity for directors and officers (D&O) insurers. Securities lawsuit filings levels ebb and flow over time, and for most of 2010, securities suit filings levels have been relatively low. …
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. Speaker and Entertainer No-Show, Cancellation Coverage Market Detail: HCC Specialty Underwriters can provide coverage for …
Dawson Cos. announced it has added Gregory C. Donnelly as a senior benefits consultant in Dawson Consulting Group LLC, the employee benefits division of Dawson Cos. in Ohio. Donnelly had been vice president, Sales and Customer Relations for CIGNA Healthcare, …
State lawmakers say a school bus crash that killed an eastern Ohio kindergarten student has given new urgency to a proposal requiring seat belts on school buses. Six-year-old Kasey King of Frazeysburg died June 2 when a bus went off …
Illinois-based insurance brokerage and risk management services firm, Arthur J. Gallagher & Co., has acquired Joseph James & Associates of Dublin, Ohio. Terms of the transaction were not disclosed. Established in 1989, Joseph James & Associates offers a wide range …
The Ohio Bureau of Workers’ Compensation (BWC) board of directors has approved a 3.9-percent overall private employer premium rate decrease for the upcoming policy year, beginning July 1, 2010. The upcoming rate cut represents an overall 35-percent base rate reduction …
