Appalachian Underwriters, Inc. (AUI) has been appointed by American Alternative Insurance Corporation (AAIC) to offer nationwide commercial auto coverage. Appalachian Underwriters is a licensed national managing general agency, and AAIC is predominantly a commercial lines insurer operating in all 50 …
Hiscox has introduced their business owners policy (BOP) offering in Arizona, California and New York, with coverage in additional states planned for later this year. The business owner’s insurance package (BOP) combines general liability insurance with business property coverage to …
Eric Cioppa will serve as acting superintendent of the Maine Bureau of Insurance, following the departure of Mila Kofman last month. Cioppa most recently served as deputy superintendent. He joined the Bureau of Insurance in 1988 as a statistician and …
The Texas Legislature, which adjourned its regular session on May 30, passed a number of bills of interest to the property and casualty insurance industry, including tort reform legislation and a measure requiring that certificate of insurance forms be approved …
An audit committee has found no evidence of impropriety in Pinnacol Assurance’s incentive, expense and pay policies, but nevertheless recommended the Colorado-based workers’ compensation insurer “maintain a heightened sensitivity that reflects Pinnacol’s unique public nature while operating in the private …
Insurance broker Arthur J. Gallagher & Co. has acquired Independent Fiduciary Services Inc. (IFS), a Washington-based institutional investment advisory firm. Terms of the transaction were not disclosed. Founded in 1986, IFS provides investment consulting and other services to pension, welfare …
A meteorologist with the federal government’s Storm Prediction Center said on May 31 that Oklahoma has seen a greater than average number of tornadoes so far in 2011. Preliminary data from the agency show 63 reports of tornadoes in Oklahoma …
Strong export numbers are boosting the economy in nine Midwest and Plains states, even though high raw material costs have hurt profits, according to a new monthly report released June 1. The overall economic index for the Mid-America region rose …
Electrical crews hoisted power poles, small businesses opened in tents and residents snatched up construction supplies as rebuilding got underway nine days after a tornado tore through the southwest Missouri town of Joplin. “We are open. Pray for Joplin,” read …
A.M. Best Co. has downgraded the financial strength rating (FSR) to A (Excellent) from A+ (Superior) and issuer credit ratings (ICR) to “a+” from “aa-” of Columbus, Ohio-based State Auto Insurance Companies (State Auto) and its operating members. Concurrently, A.M. …
