A.M. Best Co. has assigned a Best’s syndicate rating of A+ (Superior) to Lloyd’s Syndicate 1414. The outlook is stable. The rating reflects explicit support provided by American Home Assurance Company (rated A++ (Superior)), syndicate 1414’s superior expected operating performance …
A.M. Best Co. has lowered the financial strength rating to A+ (Superior) from A++ (Superior) of Bermuda-based Top Layer Reinsurance Ltd. and maintained a stable outlook on the company. The lowering of this rating is a result of the rating …
A Clinton, Ill. woman was placed on probation for allegedly setting her house on fire to collect $2,600 from her insurance company, according to the Associated Press. Tracy Smith received a five-year prison sentence for one count of felony insurance …
New Jersey’s Acting Attorney General Peter Harvey announced that a Camden County insurance company employee entered a guilty plea to charges of stealing more than $100,000 from his insurance company employer. According to Vaughn McKoy, First Deputy Director, Division of …
Legal issues and practical concerns facing those involved in insurance coverage litigation will be the focus of the American Bar Association Section of Litigation’s 15th Annual Insurance Coverage Litigation Committee Meeting, March 6-8 at the Westin La Paloma Resort in …
The Oklahoma House recently approved a bill prohibiting insurers from using credit information as the sole basis for denial of homeowners or auto insurance coverage, according to the American Insurance Association (AIA). “While AIA believes the use of credit information …
SCA Appraisal Company has begun servicing southern Utah from the Nevada border north to the Interstate 15 & Interstate 70 interchange. Included are the cities of St. George, Cedar City through Beaver to the I-15 / I-70 interchange. SCA is …
Cairnstone Re, an underwriter and medical management firm managing employer stop-loss insurance programs and providing catastrophic claims management assistance to hundreds of self-funded employer groups nationwide, announced the expansion of its sales and underwriting team. The company noted the additions …
Premiums earned by the nation’s property and casualty insurers surged $27.8 billion, or 12 percent, during the first three quarters of 2002, to $258.7 billion from $230.9 billion during the same period in 2001, according to Weiss Ratings, Inc. The …
A.M. Best Co. has lowered the financial strength rating of Long Grove, Ill.-based Kemper Insurance Cos. to “B” (fair) from “B+” (very good). The rating remains under review with negative implications. Additionally, A.M. Best has lowered the debt rating of …