A bill that would allow Missouri consumers to continue enjoying the benefits of credit-based insurance scoring passed the Missouri Senate and now awaits the signature of Governor Bob Holden, according to the American Insurance Association (AIA). The bill has the …
Standard & Poor’s said that it has affirmed its single-‘A’-minus counterparty credit and senior debt ratings on U.S.-based Everest Reinsurance Holdings Inc., an intermediary holding company that is ultimately owned by Bermuda-based Everest Re Group Ltd. S&P also said that …
The St. Paul Companies announced that Michael D. Price, 35, has been appointed chief underwriting officer at St. Paul Re, the group’s reinsurance operation, and eventually will hold the same post at Platinum Underwriters Holdings, Ltd., the Bermuda-based reinsurer to …
Standard & Poor’s has affirmed its stable outlook for the U.K.’s domestic non-life insurance industry, following a review of the financial strength characteristics, indicating that “the majority of its insurer financial strength ratings on market participants are unlikely to change …
According to the company’s quarterly filing with the Securities and Exchange Commission, Highlands Insurance Group’s lenders have agreed to waive a default on $47.5 million of bank debt and extend its maturity to June 30. The major subsidiaries of the …
The New Jersey Department of Banking and Insurance (DOBI) has approved the use of the company name “MIIX Advantage Insurance Company of New Jersey,” according to a company announcement. MIIX is in the process of closing down most operations outside …
Copart, Inc., the national auto salvage provider, announced that it has opened a second auction facility to serve the state of New Jersey in Somerville next to US-206 in the community of Hillsborough. Copart now has 91 locations in 40 …
Kroll Inc., the international security and risk consulting company which often works with insurers, announced that a $100,000 reward is being offered for the return of a Stradivarius violin, reported missing from the the Chistophe Landon Rare Violins shop near …
The insurance industry emerged from the just-concluded state legislative session in Colorado with few significant “hits” although the one-year extension of the no-fault auto insurance law was longer than most insurers wanted, according to the National Association of Independent Insurers …
The 8th annual Insuring the Children Insurance Industry Forum will take place on June 12 in Anaheim. This year’s theme will be “Issues and Opportunities Facing the Insurance Industry, the Candidates’ View.” Insurance Commissioner candidates Gary Mendoza (Republican) and John …
