Due to ongoing budget negotiations, Arizona’s Department of Insurance faced a potential shut-down on July 1, 2009. That meant the services the DOI provides, including customer service and licensing, would have been unavailable until operations resume, according to the Independent …
A.M. Best Co. has commented that the financial strength rating of ‘A ‘(Excellent) and issuer credit ratings of “a” of Bermuda-based IPCRe Limited and IPCRe Europe Limited (Dublin, Ireland), both reinsurance subsidiaries of IPC Holdings Ltd. “remain under review with …
The New Jersey Senate has confirmed Douglas A. Wheeler as director of the Division of Insurance.. Wheeler had been nominated by Governor Jon Corzine in May. He will replace longtime division Director Donald Bryan, who retires today. Wheeler, an attorney …
Truly listening to what agents have to say can make a world of difference in how an insurance company is run and organized. Just ask the folks at San Diego-based ICW Group Insurance Companies, an Insurance Journal-ranked Super Regional carrier …
The Liberty Northwest Board of Directors recently declared the ninth consecutive dividend earned for restaurants participating in the Oregon Restaurant Association (ORA) Safety Group Dividend Property & Liability Program. The dividend is 3 percent of premiums earned and applies to …
Abacus Insurance Brokers Inc., a Los Angeles-based program manager that distributes specialty insurance products online, has enhanced its portfolio of production programs by expanding the range of eligible stunts. Coverage for pyrotechnics, demolitions, explosions, wild animals, car chases and motorcycles …
Denver-based workers’ compensation insurer Pinnacol Assurance has been recognized as one of the top 50 best companies to work for in America by the Society for Human Resource Management (SHRM) and the Great Place to Work Institute, Inc. (GPTW), the …
Austin, Texas-based medical professional liability insurer, Medicus Insurance Company (Medicus) has announced an overall 11 percent rate decrease for its insureds in Texas. The Texas Department of Insurance approved the reduction effective May 15, 2009. Medicus is in its third …
American International Group Inc., the insurer rescued by $180 billion of federal bailouts, on Tuesday expressed optimism it will be able to repay government loans as it tries to rebound from punishing losses tied to derivatives. AIG held its annual …
The Illinois Department of Insurance reported that a licensed insurance agent, Larry Chouinard of Kankakee, has been arrested for allegedly defrauding 13 businesses of nearly $370,000. Bradley, Ill., police arrested Chouinard after the Illinois Attorney General unsealed a 19-count indictment …
