A.M. Best Co. has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit rating of “a+” of Vermont-based Iron Horse Insurance Company, both with stable outlooks. Best said the ratings “reflect Iron Horse’s adequate risk-adjusted capitalization, explicit parental …
Southport Lane, a New York-based private equity firm, through its subsidiary Lonestar Holdco LLC, will acquire Dallas National Insurance Co., a Texas based property and casualty insurer. Dallas National, a subsidiary of Dallas National Insurance Holdings, was founded in 2005. …
A.M. Best Co. has downgraded the financial strength rating to B-(Fair) from B (Fair) and issuer credit rating to “bb-” from “bb” of Dallas National Insurance Co. (Dallas National) in Dallas, Texas. Both ratings have been placed under review with …
A federal judge last week threw out a lawsuit against Florida’s insurance commissioner even though the official had opposed dismissing the case. Commissioner Kevin McCarty argued that keeping the litigation alive would have given him the opportunity to clear his …
The head of property and casualty insurance carrier Dallas National Insurance Co. has responded to the recent downgrade of the company’s ratings by A.M. Best, stating that the company is fiscally conservative and adequately reserved. Best recently downgraded Dallas National’s …
A.M. Best Co. has downgraded the financial strength rating to B (Fair) from B++ (Good) and issuer credit rating to “bb” from “bbb” of Dallas National Insurance Co. (DNIC) in Dallas, Texas. The outlook for both ratings is negative. The …
Florida Insurance Commissioner Kevin McCarty is back in federal court looking to end a legal battle with the Texas-based Dallas National Insurance Co. and its owner Charles David Wood, who claims the commissioner denied his insurer a license to operate …
A Texas-based workers’ compensation insurer has lost its appeal of rulings by the Florida insurance commissioner that have blocked it from doing business in the state. On Jan 20, without explanation, a three-judge panel in Florida’s First District Court of …
