A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit ratings (ICR) of “aa-” of Chicago-based Old Republic Insurance (formerly known as Old Republic Group) and its members and Bituminous Insurance Companies of Rock …
An Alabama judge upheld the fraud verdict that the state won against AstraZeneca Pharmaceuticals LP in a Medicaid drug pricing suit, but ruled the punitive damages were too high, trimming the total judgment to $160 million. The jury ordered the …
The Texas Sunset Advisory Commission is holding a public hearing June 24 and 25 to gather comments on the Sunset Commissioner Staff Report recommendations on the continuing governance of the Texas Department of Insurance and the Office of Public Insurance …
Bermuda’s RenaissanceRe Holdings Ltd. marked the start of the 2008 hurricane season by holding a seminar, the first ever “Hurricane Risk Mitigation Leadership Forum”, which announced some key findings on how to improve conditions to lessen the impact of the …
An Irmo, S.C. woman pleaded guilty but mentally ill to charges of setting a series of fires that destroyed four homes and damaged several others. Kimberly Wooten entered the pleas June 16 and will be sentenced July 21. Defense attorney …
Matt Womack, partner and principal with the Watkins Insurance Agency in Austin, was named the Independent Insurance Agents of Texas’ André Juneau Young Agent of the Year. The presentation was made by Patrick Kinney, Field Management president for Travelers, sponsor …
A congressional proposal to create a national “catastrophe fund” to help states recover from natural disasters has put Republican presidential hopeful John McCain at odds with a handful of GOP governors — including two state chief executives frequently mentioned as …
Illinois-based Great American Insurance Group added Adam Grey to its Atlanta office as marketing representative for the firm’s executive liability division. Grey previously worked with the banking sector in providing innovative insurance solutions for their construction loan portfolios. His territory …
State police say a Waterville man was injured after crashing his car on I-95 in the latest wrong-way crash on a Maine interstate. State Trooper Jeffrey Beach says the driver, 29-year-old Richard Crowley, suffered injuries including head trauma when his …
Majority of Advertising Appearing in Spanish-Language Media Automobile insurers are hungering for the Hispanic market’s premium dollars, according to a report by Hispanic Market Weekly that analyzed marketing and media trends being used by the industry. Automobile insurers spent $78.7 …
