Fueled by the complaints from victims of Hurricane Isabel, Maryland insurance officials have issued a report calling for changes in the way the National Flood Insurance Program (NFIP) is administered and sold. “We have seen first hand the loss of …
NYMAGIC, INC. announced the pricing of its offering of $100 million aggregate principal amount of 6.50 percent Senior Notes due 2014. “The aggregate principal amount of the notes offered was increased from the previously announced amount of $75,000,000,” said the …
For the first time in its history, the Young Agents Council (YAC) of the Independent Insurance Agents & Brokers of New Jersey (IIABNJ) hosted a “Day in Trenton” on Thursday, March 4, 2004. The day was spent meeting with legislators …
The Independent Insurance Agents & Brokers of New Jersey (IIABNJ) has issued a bulletin applauding the state’s Insurance Commissioner, Holly Bakke and the Department of Banking and Insurance (DOBI) for the new Auto Insurance Purchasing Planner which is now available …
A.M. Best Co. announced that it has affirmed the financial strength rating of “A+” (Superior) for the property/casualty affiliates of Pennsylvania’s Erie Insurance Group, managed by Erie Indemnity Company. Best said it had also affirmed the financial strength rating of …
New York’s Superintendent of Insurance Gregory V. Serio announced that the owner of Village Pizza & Burger, located at 156 North Main Street in Spring Valley, N.Y., has been arrested and charged with insurance fraud, falsifying business records, and submitting …
The Property Casualty Insurers Association of America is opposed to a Connecticut Senate bill that would prohibit insurers from excluding mold damage from their coverages. . The bill, S.B. 417, “An Act Concerning Insurance Coverage for Damage,” would prohibit insurers …
Florida-based Brown & Brown, Inc. announced that it has acquired the assets of Statfeld Vantage Insurance Group and Waldor Agency, Inc. Both are located in Florham Park, New Jersey. Joint announcements were made by Thomas E. Riley, Regional Executive Vice …
The U.K.’s Chartered Insurance Institute (CII) and the Chartered Institute of Loss Adjusters (CILA) announced that they have formed a Faculty of Claims to lead the market in the arena of claims handling and support. Under the chairmanship of CII …
Kingsway Financial Services Inc. issued an announcement following the actions taken by A.M. Best, which lowered is ratings on two of the group’s subsidiaries, Kingsway General Insurance Company and York Fire & Casualty Insurance Company from A- (Excellent) to B++ …
