Standard & Poor’s Ratings Services announced that it has affirmed its “A-” counterparty credit and insurer financial strength ratings on The Standard Steamship Owners’ P&I Association (London) Ltd. (SL or the club) with a stable outlook. “The ratings on The …
In a separate bulletin Standard & Poor’s Ratings Services announced that it has affirmed its “A” counterparty credit and insurer financial strength ratings on The Standard Steamship Owners’ P&I Association (Bermuda) Ltd. (SB or the club). (See also previous article). …
Restaurant Insurance Corp. (RIC) a Greenwood Village, Colo.-based specialty insurance company, released findings from a study of claims filed by its insured restaurants since 2002 showing that slips, trips, and falls by patrons and others are by far the most …
The Arkansas Insurance Department announced it has begun a general investigation of the insurance practices of Arkansas insurance brokers and insurance companies. In light of the recent “bid-rigging” allegations against one of the nation’s top brokers, the department has also …
The Council of Insurance Brokers of Greater New York inaugurated its youngest president to date — Anthony S. Calafiore, president, Apex Brokerage Co. Inc. — at its 27th annual Dinner Dance. CIBGNY also honored Terry M. Gras, corporate secretary, Otsego …
New Jersey Banking and Insurance Commissioner Holly C. Bakke revealed that more than 10,000 drivers purchased the Dollar-a-Day auto insurance policy during its first year. “Rising sales of the Dollar-a-Day policy, combined with other programs, demonstrates that our efforts to …
A proposed rule change governing class action lawsuits that would benefit Illinois consumers and businesses will likely be opposed by the Illinois State Bar Association, according to the Property Casualty Insurers Association of America. The proposed new Rule 225, supported …
A whistle-blower complaint has accused the Connecticut Department of Insurance of failing to adequately investigate and sanction bondsmen who illegally provide discounted bail bonds. State auditor Kevin P. Johnston said he has nearly completed his review, The Hartford Courant reported. …
Texas-based MaximInsurance recently announced the addition of two new associates to its team of insurance professionals—Allyn Roberts III and Karla Marullo. Roberts will serve as a producer, specializing in commercial insurance. Previous to joining MaximInsurance, Roberts worked as a loan …
Githesh Ramamurthy, Chairman and CEO of Chicago-based auto claims softwaremaker CCC Information Services Inc has received the 2004 KPMG’s Illinois High Tech Award. Ramamurthy received recognition from the Big Four audit, tax and advisory firm for helping to lead CCC’s …
