Downgraded Meadowbrook Signs Deal with State National for ‘A’- Rated Policies August 5, 2013 After A.M. Best downgraded the financial strength ratings of the insurance operations of Meadowbrook Insurance Group on Friday, the insurer...
Selective Insurance Q2 Profit Advances to $27M August 5, 2013 Selective Insurance Group Inc. reported $27.1 million net income for its 2013 second quarter, improving from $0.3 million net income...
Liberty Mutual EVP Burnett’s Role Expands in Business Insurance Unit August 5, 2013 Liberty Mutual Insurance has given Executive Vice President Julie Burnett an added responsibility as head of distribution for the company’s...
Commentary: Does FSOC Understand the Business of Insurance? August 5, 2013 By Michael Nelson The Financial Stability Oversight Council (FSOC) designated AIG as a Systemically Important Financial Institution (SIFI) after determining that “material financial...
Meadowbrook Insurance Looking for ‘A-Rated’ Partner After Downgrade August 5, 2013 Following a downgrade of its financial strength ratings (FSR) to “B++” from “A-” by A.M. Best Co. on Friday, Meadowbrook...
Insurance Broker Hub Intl. Acquired by Funds Manager in Deal Valued at $4.4 Billion August 5, 2013 Global insurance broker Hub International Limited (Hub), said it has agreed to be acquired by funds advised by Hellman &...
Confie Seguros Acquires Florida’s Economy Insurance Mart August 5, 2013 Growing personal lines agency Confie Seguros has acquired Economy Insurance Mart of Spring Hill, Fla., which sells auto, home and...
Mississippi High Court Upholds Fire Protection Fee August 5, 2013 The Mississippi Supreme Court has upheld a ruling that the Diamondhead Fire Protection District can charge a fee for its...
Yamaha WaveRunner Leads in Boat Thefts August 5, 2013 By Kathleen Chaykowski Yamaha Motor Co.’s WaveRunner was the most sought-after watercraft among U.S. thieves in 2012 as Florida had the highest number...
Catalina Receives New Equity Commitment from Managed Funds August 5, 2013 Catalina Holdings (Bermuda) Ltd, a long term consolidator in the non-life run-off sector, announced that funds and other entities “managed...