A. M. Best Co. has revised the outlook to negative from stable and affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit rating of “a” of Mexico’s Grupo Nacional Provincial, S. A.(GNP). Best said the “ratings reflect GNP’s …
The property/casualty insurance industry today officially broke ground for the building of a disaster safety research center in Chester County, South Carolina. The Institute for Business & Home Safety (IBHS) said its new lab will have the ability to subject …
The South Carolina Supreme Court this week upheld a multimillion verdict against an insurer the justices said revoked a man’s health policy after he tested positive for HIV based solely on a nurse writing down the wrong year for the …
New York-based insurer Privilege Underwriters Reciprocal Exchange (PURE) says it will begin offering property and casualty insurance coverage to owners of high-value homes in Connecticut. PURE, which is a member-owned reciprocal insurer, has also received licenses in Maryland, Georgia, Alabama …
The Young Agents Committee of the Independent Insurance Agents of North Carolina (IIANC) recently named its Agent of the Year, Broker of the Year and Company of the Year for 2009. Eric Stevens, of Moore and Johnson Agency in Raleigh, …
Pennsylvania-based property/casualty insurer Donegal Mutual has agreed to an affiliation that brings Southern Mutual Insurance Co. into Donegal’s insurance pool and gives the Georgia insurer additional products to sell. According to Donald H. Nikolaus, president of Donegal Mutual Insurance Co., …
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. Waste Operations Program Market Detail: Five Star Specialty Programs’ waste operations program offers a comprehensive …
Regulators Say Fingerprinting Keeps Criminals Out of the Business Don’t be alarmed, but there are convicted criminals roaming around the country acting as insurance producers. They could be robbers, forgers, possibly even rapists. They got their producer licenses in states …
Coastal Caution “This is not a simple issue. It’s an issue that you’ve got to address with great caution.” —Mississippi Insurance Commissioner Mike Chaney telling an Alabama House of Representatives committee that the keys to holding down insurance premiums on …
6.8% The overall average rate cut that Florida workers’ compensation insurers are recommending and which state officials said would save employers more than $166 million. If approved, the rate decrease would be the seventh consecutive decline since 2003. 45% The …
