Michael J. Fiorile and Mark A. Blackburn were elected to the Columbus, Ohio-based insurer State Automobile Mutual Insurance Co.’s board of directors at its Nov. 21 meeting. Fiorile has been president and CEO of the Dispatch Broadcast Group since April …
Standard & Poor’s Ratings Services announced that it has affirmed its ‘BBBpi’ counterparty credit and financial strength ratings on Pennsylvania National Mutual Casualty Insurance Co. and its wholly owned subsidiary Penn National Security Insurance Co. The “pi” indication means the …
Standard & Poor’s Ratings Services has issued a statement indicating that the recent decision by Bermuda-based Montpelier Re Holdings (MRH) that it will begin a dividend-paying program of $24 million per quarter (See IJ Website Nov. 26) will not affect …
Standard & Poor’s Ratings Services announced that it has lowered its counterparty credit and financial strength ratings on Bermuda-based Attorneys’ Liability Assurance Society Ltd. (ALAS) and Attorneys’ Liability Assurance Society Inc. Risk Retention Group to ‘AA-‘ from ‘AA.’ S&P said …
According to recent reports, insurers have received more than 12,700 claims relating to the California wildfires. Losses from the fires that ravaged Southern California in October are now estimated to approach close to $3.45 billion. The California Department of Insurance …
A California appeals court has ordered Ford Motor Co. to pay $23.7 million in damages after the U.S. Supreme Court dismissed a $290 million award in the same case. According to Ford, the original $290 million award to the family …
Property and casualty insurer United National Group Ltd., which is based in the Cayman Islands, reported this week in a filing with the Securities and Exchange Commission that it will sell 9.75 million common Class A shares for $16 to …
Client response to The Jacobson Group’s interim executive practice has led to the expansion of their team. A provider of professional and human capital services for the insurance, healthcare and financial services sectors, the company named Michael Loiacano, vice president …
Standard & Poor’s has affirmed its ‘BBBpi’ financial strength rating on Pioneer State Mutual Insurance Co. based on the company’s extremely strong capitalization, good operating performance, and high geographic concentration. Based in Flint, Mich., the company writes auto, homeowners, farm …
With medical malpractice reform reportedly unlikely at the federal level and in many crisis states, insurers unable to make a profit and coverage for doctors unaffordable, new ways are needed to manage the risk, panelists told the recent Annual Meeting …
