South Carolina Gov. Mark Sanford backed away from efforts to force the state Workers’ Compensation Commission to accept new injury payment standards, accepting a settlement agreement that would end months of legal wrangling if South Carolina’s highest court approves the …
An insurance agency owner charged with killing a North Carolina Department of Insurance investigator won’t face the death penalty, prosecutors said. The decision was revealed during a court hearing for Michael Howell, who is charged with murder in the May …
Jacksonville, Florida-based insurer The Main Street America Group named Joe Meholic president of its Richmond, Virginia region. In his new role as regional president, Meholic will be accountable for the direction, management and performance of the Richmond region, which encompasses …
Richard “Dick” Reynolds, former chairman and executive director of the Texas Workers’ Compensation Commission, was presented the Raymond Mauk Leadership Award at the Insurance Council of Texas’ 16th Annual Mid-Year Property and Casualty Symposium on July 17 in Austin. Reynolds …
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. Personal Umbrella – Hard-To-Place Clients Market Detail: International Excess Agency Inc. offers several specialized personal …
A judge has set a preliminary trial date for lawsuits filed by families of eight of the nine Charleston, South Carolina firefighters killed in a June 2007 furniture store fire. Circuit Judge Markley Dennis on July 31 set a preliminary …
Standard & Poor’s Ratings Services has lowered its counterparty credit and insurer financial strength ratings on the UK-based Congregational & General Insurance PLC to ‘BB+’ from ‘BBB-‘. S&P also placed its ‘BB+’ rating on the company on CreditWatch with negative …
Standard & Poor’s Ratings Services has affirmed its ‘BBB+’ counterparty credit rating on the Bermuda-based holding company Endurance Specialty Holdings Ltd. S&P also affirmed its ‘A’ counterparty credit and financial strength ratings on the holding company’s core operating subsidiaries: Endurance …
Fitch Ratings has revised its rating outlook on Imagine Insurance Company Limited and Imagine International Reinsurance Limited (collectively, Imagine) to Negative from Stable. Fitch currently rates both with an insurer financial strength (IFS) rating of ‘A-‘. Fitch explained that it …
Insurance company Amerigroup Corp. said on Jul 22 that it has agreed in principle to settle for $234 million a lawsuit accusing it of discriminating against pregnant women and other high-risk patients. The settlement includes $225 million to be paid …
