Ratings: Argonaut, MAPFRE (Fla.), Pekin, Penn National, AXA Art, Tennessee Farmers, ALPS, BancInsure June 23, 2008 A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a”...
Floods Could Cost Indiana Farmers Nearly $800 Million in Crop Damage June 23, 2008 Indiana’s agriculture director says June’s flooding likely caused the worst agriculture disaster in state history, damaging nearly a tenth of...
Conroy Joins Acadia June 23, 2008 Westbrook, Maine-based Acadia Insurance Co. has named Colleen Conroy vice president of marketing. Conroy has been tasked with refining Acadia’s...
80 Dead in Philippine Typhoon; Over 700 Missing from Stricken Ferry June 23, 2008 By Jim Gomez Worried relatives wept Sunday as they awaited news of more than 740 passengers and crew aboard a ferry that capsized...
Oracle to Buy Another Insurance Software Maker: Skywire June 23, 2008 California-based software giant Oracle is further expanding its stake in the insurance industry by agreeing to acquire the insurance software...
MBIA Says Moody’s Downgrade May Force $7.5 Billion in Payments June 23, 2008 Bond insurer MBIA said Friday it may need to put up nearly $7.5 billion to meet collateral posting requirements and...
Iowa Bridge Inspectors Look for Damage as Flood Waters Recede June 23, 2008 The floodwaters that have surged across much of Iowa this month have inspectors looking for damage to the state’s already...
Willis Names Black to Lead Brazilian Re Operations June 23, 2008 Willis International Holdings announced the appointment of Margo Black as CEO for the group’s reinsurance operations in Brazil. She will...
Despite Slowed Economy, Employee Benefits Remain Stable in 2008 June 23, 2008 Despite recent challenges to the economy, employers are managing to maintain a balance in employee benefits, according to the 2008...
Aon Opens Dubai Headquarters June 23, 2008 Aon’s Middle East unit announced the opening of its regional headquarters in the Dubai International Finance Center (DIFC), following the...