A.M. Best Co. has downgraded the issuer credit rating (ICR) to “bbb” from “bbb+” and affirmed the financial strength rating (FSR) of B++ (Good) of Wolverine Mutual Insurance Co. of Dowagiac, Michigan. The rating agency’s outlook for the FSR has …
The net worth for the State Farm group decreased in 2008 by $10.4 billion to end the year at $53.3 billion, the company reported. The primary reason for the decrease was the $9.2 billion decline in the value of the …
Fifty-nine of 74 private water wells in Locust Grove, Okla., have tested positive for total coliform bacteria, a group of bacteria that indicate environmental pollution. Additionally, 17 of those 59 wells tested positive for E. coli, the state’s Department of …
Louisiana Commissioner of Insurance Jim Donelon says rates for workers’ compensation insurance continue to decrease in his state, based on a recent report from the National Council on Compensation Insurance (NCCI) that analyzes workers compensation rates in 35 states. Most …
Newport, Calif.-based Alliant Insurance Services, one of the nation’s largest specialty insurance brokerage firms, has announced an organizational change that the company says will strengthen its leadership team while maintaining Alliant’s commitment to a flat management structure. Effective immediately, Ralph …
The Texas Department of Insurance announced it is continuing to closely monitor the financial status of American International Group Inc. (AIG) in light of recent national media reports. TDI said it is engaged in regular communication with AIG, the Federal …
Texas-based retail and managing general agency, The Woodlands Financial Group Inc. (TWFG), has added Katherine Nolan as its new chief operating officer. Nolan brings more than 15 years of insurance management experience with P&L, strategic planning and operational execution accomplishments. …
A Nevada Senate panel heard testimony this week on a bill to let police ticket cab passengers for not wearing seat belts, and also ticket cabbies who don’t ensure that children riding in their taxis are buckled up. SB145 would …
Willis HRH, the North American business of Willis Group Holdings, reported that David Finnis has been named executive vice president and national property practice leader, effective immediately. Finnis, who joins Willis HRH from Integro Insurance Brokers, will report to Leslie …
Robert J. Ray has been appointed vice president and treasurer of Rogers & Gray Insurance Agency in Massachusetts. Ray joined the agency in July 2008 as chief financial officer. He previously worked at Hub International, formerly Brewer & Lord, and …
