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”...
Florida Supreme Court Declines Jurisdiction in Allstate Matter June 20, 2008 By Brent Kallestad The Florida Supreme Court declined Wednesday to grant Allstate Corp. an injunction to force Florida insurance regulators to let the...
Parents Sue Companies Over Baby Bottles June 20, 2008 Four Ohio parents have filed a federal lawsuit against makers of baby bottles, claiming the bottles were made from a...
Ratings Roundup: Agri-Business, Vantapro, Sooner, Intrepid, Columbia June 19, 2008 A.M. Best Co. has upgraded the financial strength rating (FSR) to ‘A-‘ (Excellent) from ‘B++’ (Good) and issuer credit rating...
Illinois, Missouri Residents Prepare for Floods with Sandbags, Sweat June 19, 2008 Hundreds of volunteers stacked sandbags atop a levee in small Missouri towns on the evening of June 18, hoping the...
Great American Insurance Group Adds Grey to Atlanta Office June 18, 2008 Illinois-based Great American Insurance Group added Adam Grey to its Atlanta office as marketing representative for the firm’s executive liability...
Illinois, Iowa Join Indiana in Moratorium on Policy Cancellations June 18, 2008 The Illinois and Iowa Insurance Departments have implemented a 60-day moratorium on the cancellation and nonrenewal of insurance policies for...
$120 Million Judgement Against a Refinery Reinstated by Illinois Court June 18, 2008 An Illinois appellate court has reinstated a $120 million judgment against owners of the former Clark Oil refinery, reversing a...
U. S. Department of Agriculture Mulls Over Options on Midwest Flood Aid June 18, 2008 The U.S. Agriculture Department (USDA) will look “at everything possible” to aid Midwest farmers hurt by the worst flooding in...
Insurers Could Be Hit by U.S. Midwest Crop Loss Claims June 17, 2008 Insurers who sell coverage compensating farmers in the event of damage to their crops could be hit by claims from...