public entity insurance News

Argo to Sell Trident Public Risk Solutions to Paragon MGA

Bermuda-based global specialty lines underwriter Argo Group International Holdings has agreed to sell its Trident Public Risk Solutions brand and underwriting platform to Paragon Insurance Holdings. Trident Public Risk Solutions provides insurance and risk management services for public sector entities …

Credit Ratings of Illinois’ Governmental Interinsurance Exchange

A.M. Best has downgraded the Financial Strength Rating to A- (Excellent) from A (Excellent) and the Long-Term Issuer Credit Rating to “a-” from “a” of Governmental Interinsurance Exchange (GIE) in Bloomington, Illinois. The outlooks of these Credit Ratings (ratings) remain …

Insurer Fights Paying $5.3M to Man Wrongly Convicted in Missouri

A former insurance carrier for the city of Columbia, Missouri, is appealing a ruling that it owes $5.3 million to a man who served 10 years in prison before his conviction for killing a sports editor in Columbia was thrown …

Legal Troubles, Political Discourse Lead to Insurance Probation for Vermont Town

The insurance provider for the small Vermont town of Victory has placed the town on probation after a series of legal disputes and internal strife among current and former elected officials. The board of the Vermont League of Cities & …

Liberty Mutual Creates New Public Entity Division, Hires Kostro to Lead

Liberty Mutual Insurance has created a new practice dedicated to schools, municipalities and other public entities, and has appointed Susan L. Kostro as chief underwriting officer, Public Entity. Kostro will be responsible for growing Liberty Mutual’s book of education and …

Kinsale Launches New Law Enforcement/Police Professional Product

Kinsale Insurance Co. has launched a new law enforcement/police professional product. This is the initial product in Kinsale’s recently established Public Entity Division. Per Clay Rhoades, Kinsale vice president, law enforcement/police professional is the first of many products planned for …

Insurance Secured, Michigan Village Police Department Operating Again

Police in a small village in Michigan’s Saginaw County have resumed patrols after securing liability insurance. Oakley Police Chief Robert Reznick obtained the insurance and reinstated patrols over the weekend. The Oakley Board of Trustees voted 5-1 last week to …

Selective Sells Renewals on Self-Insured Public Entity Book to Great American

Great American Insurance Group has completed a renewal rights agreement with Selective Insurance Co. of America to acquire Selective’s Self-Insured Group book of business. The business, amounting to $38 million in gross written premium in-force, relates to direct excess policies …