Puerto Rico News

Court Upholds Repeal of Puerto Rico’s Countersignature Law

The U.S. Court of Appeals for the First Circuit has refused to overturn a ruling striking down Puerto Rico’s controversial countersignature law that required non-resident commercial insurance brokers to have the countersignature of a Puerto Rico resident agent before they …

Castle Inspection Service Integrates with e2Value

Expands Client Offerings to Include e2Value Replacement Cost Valuation Salt Lake City, UT and Stamford, CT – Castle Inspection Service, one of the insurance industry’s premier residential inspection providers, and e2Value®, Inc., a leading provider of Insurance-to-Value Internet applications, announced …

People

United America Indemnity Ltd.’s board of directors has selected Joseph F. Morris as its president. The company will also consolidate its two U.S. insurance subsidiaries, United National Group and Penn-America Group, under a single United America Insurance Group management structure …

Fitch Affirms Ratings for CNA

Fitch Ratings has affirmed the ‘BBB-‘ long-term issuer rating and ‘BBB-‘ senior debt ratings of CNA Financial Corporation (CNA) and the ‘A-‘ insurer financial strength (IFS) ratings of CNA’s U.S. insurance subsidiaries. A full rating list is shown below. The …

Buoys to Detect Tsunamis to be Placed Off East Coast

Federal officials say they will place the first tsunami-detecting buoys in the Atlantic Ocean this spring to give residents more time to escape the giant waves. The National Oceanic and Atmospheric Administration announced its plans last week as Norfolk marked …

American Financial Group Announces Agreement to Sell Puerto Rico Subsidiary

Cincinnati-based American Financial Group, Inc.recently announced that its 82 percent owned subsidiary, Great American Financial Resources, Inc. has reached an agreement to sell Great American Life Assurance Company of Puerto Rico to Triple-S Management Corporation, also of Puerto Rico. The …

S.D. Court Strikes Down Countersignature Law

A federal district court judge in South Dakota ruled that the state’s countersignature law is unconstitutional. The ruling means that 50 states have taken action to eliminate the countersignature requirement, although appeals are still pending in several jurisdictions. U.S. District …

Be Merry and Safe

Texas and Louisiana landed fairly near the top of a recently released list of the 15 deadliest states/U.S. territories when it comes to impaired driving. And, the two states are among the 13 that have the dubious distinction of making …

Holiday High Jinks

The holiday season is a great time to eat, drink and be merry. But the last thing anyone wants is a visit from the Grinch. And an unfortunate side-effect of too much holiday reveling are accidents that can injure individuals …

S.D. Court Follows Others in Striking Down Countersignature Law

A federal district court judge in South Dakota ruled that the state’s countersignature law is unconstitutional. The ruling means that 50 states have taken action to eliminate the countersignature requirement, although appeals are still pending in several jurisdictions. U.S. District …