Monthly Archives: June 2002

Western Specialty Rated ‘R’

S&P assigned its “R” financial strength rating to Western Specialty Insurance Co. in recognition of an order of liquidation issued...

State Farm Downgraded

S&P removed from CreditWatch and lowered the counterparty credit and financial strength ratings on State Farm’s core operating units to...

Oil Ins. Ltd. on Watch Negative

Standard & Poor’s lowered its counterparty credit and financial strength ratings on Oil Insurance Ltd. to “A+” and placed the...

Diminished Value 3-Time Loser in La.

A Louisiana Circuit Court has reversed a trial court’s holding that an insurance company’s auto policy covered “diminished value claims,”...

TX Updates Consumer Bill of Rights

Texas Insurance Commissioner Jose Montemayor has approved updates to a consumer bill of rights, which automobile and residential property insurers...

Ark. Workers’ Comp Costs Decline

Arkansas Insurance Commissioner Mike Pickens reported a 4.5 percent loss decrease in the state’s workers’ compensation voluntary insurance market. Workers’...

Houston Theater Sues Insurer

The Alley Theater of Houston is suing its insurer, Gulf Group Lloyds Insurance Co., for reportedly failing to reimburse $6.5...

Frankel Pleads Guilty in Miss.

Former financier Martin Frankel, accused of defrauding more than $200 million from insurance companies, has pled guilty to corruption charges...