Rhode Island Gov. Donals Carcieri is appealing a judge’s decision that bars him from firing two members of the board of directors at Beacon Mutual Insurance Co. A Superior Court judge last week denied Carcieri’s bid to remove George Nee …
Jon Kingsdale’s life is about to get a whole lot more complicated. The Romney administration has announced that Kingsdale will head up the new Commonwealth Health Insurance Connector Authority, the independent state authority charged with turning the state’s ambitious new …
The U.S. Senate confirmed R. David Paulison as FEMA’s chief last Friday, hours after a senator ended his stall on the nomination over problems with the agency’s flood insurance program. Paulison’s confirmation was part of an unanimous consent agreement as …
Standard & Poor’s Ratings Services has assigned its ‘BB’ counterparty credit rating to Bay Point Re Ltd. and its ‘BB’ senior secured debt rating to Bay Point’s term loan debt facility of up to $125 million with a stable outlook. …
In a comment on its CreditWatch placement of Swiss Reinsurance Co. and its core operating companies, Standard & Poor’s Ratings Services has said that the long-term counterparty credit and insurer financial strength ratings on all entities remain on CreditWatch with …
Bermuda-based White Mountains Insurance Group, Ltd. announced that Jack Byrne has been elected Chairman of the Board. He replaces George Gillespie, who remains a Director. Gillespie had previously replaced Byrne, one of the industry’s most successful executives, who was instrumental …
The U.K.’s insurance community is poised to fully enter the electronic age with the announcement from RI3K and Xchanging of the “London Market Electronic Insurance Exchange” (FELIX). The new system is described as providing “a framework that charts the business …
Harrison County, Miss. supervisors are opposed to the Mississippi Windstorm Underwriting Association’s request to raise insurance rates by as much as 397.8 percent, but the opposition comes as no surprise to Insurance Commissioner George Dale. The association provides coverage for …
Luis Gonzalez surrendered in Miami, Fla. to a detective from the Florida Division of Insurance Fraud and was charged with two counts of acting as an unlicensed public adjuster, a third degree felony punishable by up to five years in …
Standard & Poor’s Ratings Services has assigned its “A+” senior unsecured bank loan rating to Starbound Re Ltd.’s $50 million (Debt III) bank loan, its “BBB-” senior unsecured bank loan rating to Starbound’s $50 million bank loan (Debt II subordinated …
