Frederick Mutual, which is exiting the personal lines market and focusing strictly on commercial lines in the Mid-Atlantic and Southern regions, has reached a renewal rights agreement with another insurer for the bulk of its personal lines business. Beginning January …
Farmers Mutual Fire Insurance Company of Salem County (Farmers of Salem) in New Jersey appointed James R. Doherty to succeed Kent W. Jones as president and chief executive officer effective July 7,2014.
A.M. Best Co. has downgraded the financial strength rating to ‘C++’ (Marginal) from ‘B-‘ (Fair) and issuer credit rating to “b” from “bb-” of New York’s Park Insurance Company, and has assigned a negative outlook to the ratings. Best said …
