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Best Revises Lloyd’s, China Sub, Society, Syndicates Ratings to Positive

A.M. Best Europe – Rating Services Limited has revised the outlook to positive from stable and affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a+” of Lloyd’s and Lloyd’s Insurance Company (China) Limited …

Vermont Rebuts U.S. House Panel on Health Exchange

The state of Vermont is telling a U.S. House panel that it has every right to set up a state health insurance marketplace and require individuals and small businesses to purchase coverage through it. State officials wrote to the U.S. …

Ames & Gough Appoints VP in Virginia

Ames & Gough, an insurance broker and risk management consultant serving design professionals, law firms and other professional organizations, promoted Tom Marchetti to vice president from assistant vice president. In his new role, Marchetti will lead the firm’s practice serving …

Va.-Based Andrew Agency Acquires Samuel D. Baughman Insurance Agency

The Andrew Agency, an independent insurance agency based in Richmond, Va., announced its acquisition of Samuel D. Baughman Insurance Services, an agency also based in Richmond.

Lance Surety Launches New Program to Meet FMCSA Bond Increase Requirement

Lance Surety Bond Associates, Inc. has launched a new program addressing the $75,000 Freight Broker Bond requirement that will take effect later this year. The Moving Ahead for Progress in the 21st Century Act (MAP 21) transportation reauthorization bill was …

44 Community Groups to Tout Insurance Marketplace in Illinois

Gov. Pat Quinn says $27 million in federal funds will be distributed to 44 community organizations that will help educate the public and push enrollment in the Illinois Health Insurance Marketplace. The marketplace is a requirement of the Affordable Care …

Wyoming Governor Lambasts EPA Over Haze Plan

Gov. Matt Mead sharply criticized a plan by the U.S. Environmental Protection Agency to reduce regional haze, saying it did more to kill the coal industry than clear Wyoming’s air. The EPA plan seeks to reduce haze in national parks …

$35M Award To 29 Washington Patients For Root Canals

More than two dozen Washington patients of a former Seattle-area dentist accused of performing hundreds of unnecessary root canals have been awarded $35 million in an arbitration proceeding. Former King County Superior Court Judge Paris Kallas issued that award Wednesday. …

$10M Settlement Filed In Honolulu Over Marcos Art

A $10 million settlement has been filed in federal court in Honolulu over valuable artwork that disappeared from Imelda Marcos’ Manhattan townhome during the collapse of her husband’s regime in the Philippines. A foreign art collector who purchased the piece …

Mitsubishi Blamed In California Nuclear Plant Closure

Southern California Edison says it is seeking to hold Mitsubishi Heavy Industries Ltd. and Mitsubishi Nuclear Energy Systems liable for defective steam generators that forced the closure of the San Onofre nuclear power plant. The utility says in a statement …

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