Maine’s Bureau of Insurance has characterized legislation drafted by the National Association of Mutual Insurance Companies to correct a state Supreme Judicial Court decision regarding mandated uninsured motorist coverage as the most “straightforward” approach in a recent report. However, the …
Pennsylvania is setting up programs to help educate some 4,000 farmers about crop insurance and risk management issues. Agriculture Secretary Dennis Wolff announced that Pennsylvania won a $754,000 grant from the U.S. Department of Agriculture to educate producers on crop …
The federal Vioxx trial in Houston was ruled a mistrial, leaving Merck, the maker of the painkiller, having to try the case again while fending off thousands of other suits claiming that the drug causes heart attacks. U.S. District Judge …
Bermuda-based AXIS Capital Holdings Ltd. reported that its Chief Financial Officer, Andrew Cook, will step down, effective April 1, 2006, for personal reasons. The company has commenced an executive search for his replacement. Cook stated, “It has been a tremendous …
S&T Bank is acquiring Holsinger Agency Inc. of Indiana, Pa. The agency will be known as Evergreen Insurance Associates LLC and continue to operate from its existing office located at 33 South Sixth Street. Evergreen Insurance Associates LLC was founded …
Bermuda-based Endurance Specialty Holdings Ltd., a global provider of property and casualty insurance and reinsurance, reported that David Cash would be promoted to the position of chief underwriting officer and Daniel Izard would be promoted to the position of president …
A.M. Best Co. has commented that all ratings of Alabama-based ProAssurance Corporation’s (ProAssurance) insurance subsidiaries, the rating of its senior unsecured convertible debentures and the financial strength rating of Physicians Insurance Company of Wisconsin Inc. (PIC Wisconsin) (Madison, Wis.) remain …
Jeff LeGare, senior vice president of John B. Collins Associates Inc. of Minneapolis, Minn. will manager a new Tampa, Fla. office to be opened by the company on Jan. 1. Collins is a reinsurance intermediary serving national clients in the …
A.M. Best Co. has affirmed the financial strength rating of A- (Excellent) and assigned an issuer credit rating of “a-” to Wing Lung Insurance Company Limited (WLI) (Hong Kong). The outlook for both ratings is stable. The rating reflects WLI’s …
AIR Worldwide Corporation (AIR) and ISO reported the opening of the AIR Worldwide Corporation Beijing Representative Office in China. AIR, a subsidiary of ISO, helps more than 400 insurers, reinsurers, government agencies and corporations worldwide assess and manage catastrophe risk. …
