Michael A. Garguilo, president and chief operating officer of Brown & Brown Insurance Services of Texas Inc., a wholly owned subsidiary of Brown & Brown Inc., announced the asset acquisition of Houston-based Benefit Dynamics Inc. in a transaction that was …
The National Association of Professional Insurance Agents (PIA) this week applauded action by Congress to reauthorize the National Flood Insurance Program (NFIP) for three months, until March 31, 2004, to allow more time to consider reform proposals. PIA conducted a …
A.M. Best Co. has affirmed the financial strength rating of A (Excellent) of QBE Re Group – U.S. (QBE) (New York, N.Y.). This rating applies to QBE Reinsurance Corporation (Philadelphia) and its subsidiaries, QBE Insurance Corporation (Philadelphia) and QBE Specialty …
Chattem, Inc., a marketer and manufacturer of branded consumer products, announced that Interstate Fire & Casualty Company (“Interstate”) has filed a motion to intervene as a party plaintiff in the previously disclosed lawsuit filed by Kemper Indemnity Insurance Company (“Kemper”) …
Standard & Poor’s affirmed its ‘BBpi’ counterparty credit and financial strength ratings on Alabama-based American Mining Insurance Co. Inc. The ratings reflect the company’s weak operating performance, high geographic and product line concentration, and very strong capitalization. Major rating factors …
The Independent Insurance Agents of Indiana (IIAI) elected its officers to serve the association in the year 2004 at the IIAI Annual Convention, Nov. 16-18, 2003. Mark A. Bates will continue to serve as part of the IIAI Executive Committee …
Munich Re reported 152 million euros ($180 million) net income for the third quarter, compared to a loss of 859 million euros ($1.02 billion) in the same period of 2002, but the world’s biggest reinsurer also announced that it does …
Standard & Poor’s Ratings Services announced that it has affirmed New York Central Mutual Fire Insurance Co.’s (NYCM) ‘BBBpi’ counterparty credit and financial strength ratings. The “pi” indicates the ratings are compiled from public information. “The ratings reflect its extremely …
The professional insurance Agents of New Jersey has issued a bulletin warning of the danger posed by a bill, A.3531/S.2533, that would make it much easier for personal injury lawyers to collect money for their clients who are injured in …
Pennsylvania Governor Edward G. Rendell has apparently thrown in the towel on reforming the state’s medical malpractice insurance crisis this year, provoking an angry reaction from the medical community. He announced that after months of work to develop bipartisan support …
