A.M. Best Co. has affirmed the financial strength rating of A- (Excellent) of International Insurance Company of Hannover Limited (Inter Hannover) (United Kingdom), a subsidiary of Hannover Rueckversicherung AG (Hannover Re) (Germany). The rating outlook is stable. The rating reflects …
ING Canada announced that Royal & SunAlliance Canada (R&SA) has acquired the renewal rights of ING Insurance Company of Canada’s $13-million commercial marine insurance business, effective Sept. 1, 2005. Under the terms of the agreement, R&SA has acquired the renewal …
The Department of Insurance’s proposed homeowners regulations exceed the agency’s authority to adopt standards that involve underwriting practices, according to the Association of California Insurance Companies’ President Sam Sorich. “The regulations, which are the subject of a department hearing today …
American Agents Alliance Executive Director Ken Nigohosian says the association will maintain its opposition to Senate Bill 20 (Escutia), despite recent amendments to the bill. SB 20 would mandate the continuance of California’s low-cost automobile insurance pilot program beyond the …
Clifford Mapes, president and CEO of Tustin, Calif.-based National Advantage Insurance Services Inc., recently announced that he has been appointed and approved for writing several of his popular insurance products in the state of Nevada. Nevada agents will now have …
Yesterday, the California Supreme Court denied the writ of mandate in a case filed by a group sponsored by the California Applicant Attorneys’ Association, the American Insurance Association reported today. The case challenged the permanent partial disability regulations promulgated by …
The West Virginia Insurance Commission is preparing for Jan. 1, 2006, when it will be responsible for the state workers’ compensation system, as the West Virginia Workers’ Compensation Commission ceases to exist and becomes the West Virginia Employers’ Mutual Insurance …
A.M. Best Co. has assigned a financial strength rating of A- (Excellent) and an issuer credit rating of “a-” to Beazley Insurance Company, Inc. (BICI) (Omaha, NE), a newly formed U.S. insurer that is part of the Beazley Group, plc …
The last three months have witnessed a period of stability and consolidation in overall capacity of the directors and officers market. Premium rates, however, continue to reduce and brokers continue to drive improved coverage terms. New and upcoming legislation in …
Countrywide Insurance Group has announced that Brett Borisoff has joined the organization as president of Countrywide Insurance Services Inc.’s commercial insurance division. Borisoff will run the commercial division of the full service insurance agency/brokerage and lead the effort to expand …
