A.M. Best Co. has commented that the financial strength rating of ‘A+’ (Superior) and issuer credit rating of “aa-” of Iowa-based Berkley National Insurance Company are unchanged following internal modifications effected by W. R. Berkley Corporation with respect to reinsurance …
A Massachusetts insurance agent has pleaded guilty to pocketing $43,000 in premiums. Richard Coscia Jr., of Winthrop, an employee of Coscia Insurance Agency, pleaded guilty to over two dozen charges, including insurance fraud and larceny, according to the state attorney …
Texas-based retail and managing general agency, The Woodlands Financial Group Inc. (TWFG), has opened three new branch locations — one each in Texas, Oklahoma and Oregon. Berry Olinghouse has opened a new branch location in Owasso, Okla. Olinghouse comes to …
California’s State Compensation Insurance Fund as announced that Ken Van Laar was selected as the new chief risk officer, and Daniel J. Sevilla Jr., who has served in an interim role since October 2010, has been confirmed as chief financial …
Missouri doubled the number licensed captive insurers last year, from six at the end of 2009 to 12 at the end of 2010. The Missouri Department of Insurance says the growth is an indication of Missouri’s attractiveness as a captive …
Portland, Ore.-based Durham and Bates Agencies Inc. has selected William D. Hurst as CEO and president. Hurst, an internationally known marine insurance broker, and leader of Durham and Bates’ Marine Practice for 25 years, assumed the role previously held by …
Commercial insurance executive Doug Anderson has re-joined Lockton as senior vice president and producer in the insurance broker’s property and casualty operation in Kansas City, Mo. Anderson will be responsible for new business development and advocacy for commercial insurance clients …
Business leaders in Missouri are asking state lawmakers for reforms that they say will help protect and create jobs. Among the priorities, which proponents are calling “Fix the Six,” are bottom-line issues for Missouri employers: employment law reform, workers’ compensation …
Allied World has enhanced its Standard Lawyers platform to ease administration and expand coverage offerings. Beginning on February 1, the company will enhance coverage for both new and renewal business to include the following: increased reimbursement for lost earnings coverage; …
Marsh has launched ChemPreferred, a customized package of policies for midsize chemical companies. Available to U.S. chemical and processing companies with annual sales between $25 million and $500 million, ChemPreferred offers broad terms and conditions on comprehensive casualty, property, and …
