Rating outlooks across the European insurance and reinsurance markets remain negative despite positive trends emerging in some sectors, Standard & Poor’s Ratings Services said in a report. “Although industry trends are broadly positive in the non-life and reinsurance markets, ratings …
Southfield, Mich.-based carrier Meadowbrook Insurance Group reported a third-quarter profit of $2.5 million, or 9 cents per diluted share, compared to a net loss of $1.9 million, or 6 cents per diluted share for the comparable period in 2002. The …
California Insurance Commissioner John Garamendi’s recommendation for a 14.9 percent decrease in pure premium rates for workers’ compensation insurance is both excessive and premature, according to the Association of California Insurance Companies (ACIC). Earlier this week, the Workers’ Compensation Insurance …
The Allstate Foundation joined with The California Community Foundation (CCF) to establish a $1 million fund to aid in the recovery and rebuilding efforts in response to the Southern California wildfire catastrophe. Charitable donations from “The Allstate Foundation Wildfire Relief …
Union General is offering premises/operations and product/completed operations coverage for all types of special events. Most pricing is on a per day basis. Limits up to $2 million occurrence/ $3 million aggregate are available. Personal and advertising injury and contractual …
Dallas-based Combined Group announced the promotion of Ken Dahl to head of the non-subscription underwriting department. “Ken has worked within the Combined for more than 10 years and has established wide knowledge of our non-subscriber programs” said Edmund Dabrowski executive …
U.S. Risk Insurance Group announced the addition of Ed Adams as senior broker in its Houston office. Adams will be handling a variety of property/casualty and professional brokerage accounts, as well as initiating new producer relations. He was previously with …
State Labor Commissioner Art Lujan ordered the closure of nine International House of Pancakes (IHOP) restaurants in Sacramento and Fresno because the restaurants did not have a valid workers’ compensation insurance policy. Commissioner Lujan issued a stop work order and …
Professional Insurance Agents of New York State Inc. last Friday commended Superintendent Gregory Serio for addressing New York state’s diminishing market for contractors commercial liability insurance. However, the association said, its members are worried about the creation of a residual …
A Baton Rouge, La. insurance agent (producer) was arrested, had his insurance license suspended and was ordered to cease and desist from doing any insurance business for allegedly misappropriating insurance funds, according to Insurance Commissioner Robert Wooley Department of Insurance …
