A.M. Best Co. has downgraded the financial strength rating (FSR) to ‘B-‘ (Fair) from ‘B+’ (Good) and issuer credit rating (ICR) to ‘bb-” from ‘bbb-” of Oklahoma City-based American Farmers & Ranchers Group and its members American Farmers & Ranchers …
Although Gustav is slowly blowing itself out over Oklahoma, Miami’s National Hurricane Center still has a lot of work to do. Its currently tracking a hurricane, a tropical storm, a tropical depression and two disturbances, lined up across the Atlantic …
The good news is that Hurricane Gustav has been downgraded to a Tropical Depression as it moves slowly across northwest Louisiana. The bad news is that Tropical Storms Hanna, Ike and Josephine are gaining speed, according to the National Hurricane …
Second (or subsequent) injury funds (SIF’s) have been abolished in 19 states. Alabama and Maine began this movement in 1992, with Arkansas and New York being the most recent converts; each ending its respective program in 2007. Some states, such …
Swimming in the Buff “You always find out who’s been swimming naked when the tide goes out. We found out that Wall Street has been kind of a nudist beach.” —Warren Buffett, who has been named the world’s richest man …
Apex Global, Benefit Partners Apex Global Partners Inc. acquired Benefit Partners and subsidiaries BP Life and Health Insurance Agency, Benefit Partners Financial Services, BP Risk Partners Insurance Agency and Benesystems. Apex Global said Benefit Partners and its subsidiaries together comprise …
EPIC Expanding its Southern California operations, Edgewood Partners Insurance Center (EPIC), a property and casualty and employee benefits insurance brokerage firm, opened an office in Los Angeles. Chris McTigue was appointed managing principal. Ray Skarzenski was appointed principal of operations …
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. Commercial Property Market Detail: RISC brings to market a commercial property program designed for a …
Prosecutors have dropped tax charges against former Oklahoma Insurance Commissioner Carroll Fisher. The 68-year-old Fisher was charged with filing a false tax return that understated his income in 1999. Fisher is currently in prison on a campaign corruption conviction and …
New Web-Based System Customizes and Consolidates Claims Processing Environment Honolulu, HI – August 26, 2008 — BlueWave Technology™, Inc., a provider of property and casualty insurance solutions, today announced that the Farmers Alliance Companies (FAMI) have selected BlueWave Technology’s PipelineClaims® …
