The Florida Department of Financial Services announced that the director of Hollywood-based Native Assurance Company has been charged with acting as an insurer without a certificate of authority. Native Assurance was ordered in June to cease its insurance operations, and …
Costanza Insurance Agency announced it has relocated to new and larger quarters at 9101 LBJ Freeway, Suite 150, Dallas, Texas 75243. The phone and fax numbers remain unchanged. Costanza’s contact numbers are: local phone – (972) 991-6084; toll-free phone – …
Standard & Poor’s has placed its ratings on Centre Solutions (Bermuda) Ltd. and related operating companies (collectively referred to as Centre) on CreditWatch with negative implications because of concerns that the in-force portfolio being placed in managed run-off will not …
Greenwich, Conn.-based W.R. Berkley Corp. has closed its previously announced public offering of $150 million principal amount of its 5.125% Senior Notes due 2010. The company received net proceeds from the offering of $147.7 million, which will be used for …
Property owners on the Atlantic seaboard who are bracing themselves for Hurricane Isabel should check their insurance coverage and take some basic precautions to secure their homes or businesses, advised the National Association of Independent Insurers (NAII). “Property owners should …
Ohio Casualty Group (OCG), based in Fairfield, received the 2003 Interface Best Practices Award from Applied Systems Inc. OCG was among 15 insurance carriers to be formally recognized at the September Applied Systems Client Network (ASCnet) annual conference in New …
David E. Worden and Stephen R. Lamirand have joined Santa Ana. Calif.-based Klein & Costa Insurance Services to form their Marine Division. Worden, dworden@kleincosta.com, joins as director of Marine Insurance and Lamirand, slamirand@kleincosta.com, joins as director of Commercial Marine Insurance. …
Fitch Ratings has affirmed XL Capital Ltd.’s (XL) long-term issuer and senior debt rating at ‘A+’, and preferred stock rating at ‘A’. Fitch has also affirmed the ‘AA’ insurer financial strength rating of XL’s property/casualty insurance subsidiaries, led by XL …
The California Ambulatory Surgery Association (CASA) stated on Tuesday that access to surgery for injured workers in California will be dramatically reduced under the outpatient fee schedule approved by the California legislature. Common work related injuries requiring surgical procedures such …
With warnings of new vulnerabilities in the Windows operating system and the threat of a potential new “blaster” virus, Microsoft Chief Executive Steve Ballmer this week called for the software industry to intensify innovation efforts to stop the spread of …
