State National Companies announced that A.M. Best has assigned an ‘A’ (Excellent) rating to its pooled subsidiaries, State National Insurance Company (SNIC) and State National Specialty Insurance Company (SNS). In 2002, the two insurance affiliates wrote $217,000,000 in combined premium …
Standard & Poor’s has lowered its counterparty credit and financial strength ratings on American Re-Insurance Co. and American Alternative Insurance Corp. (collectively referred to as American Re) to ‘A+’ from ‘AA-‘ because of the recent lowering of the counterparty and …
The Florida Senate Banking and Insurance Committee took a 180-degree turn from the direction of the House and approved legislation that would roll back rates back by 60 percent. The National Association of Independent Insurers (NAII) said Senate Bill 2080 …
Lindsey Morden Group Inc. announced that Stephen A. Eisenmann joined Cunningham Lindsey U.S. Inc. as chairman and chief executive officer. Cunningham Lindsey U.S. specializes in independent insurance claims adjusting, appraisal and loss management services. Working out of the company’s Dallas …
A bill signed into law March 26 by Idaho Gov. Dirk Kempthorne (R) sets the standard for tort reform in the states, according to the Alliance of American Insurers. HB 92, which passed the Senate 27-8 and the House 58-12 …
Insightful speakers and informative panels will present the most up-to-date overviews of issues affecting property/casualty insurers writing business in California during the Association of California Insurance Companies’ 14th Annual General Counsel Seminar this summer. The two and one-half day seminar …
ADESA Impact, a subsidiary of Indianapolis-based ADESA Corp. (www.adesa.com), an ALLETE company, has opened Impact Long Island, its 27th North American salvage auction facility located in Medford, N.Y. The new facility represents the fourth total loss auction in the state …
A Michigan bill that would place onerous restrictions on insurers ability to prescribe auto repair shops and use aftermarket parts would increase claims costs, ultimately hurting consumers, according to the Alliance of American Insurers (AAI), which represents 340 property/casualty insurers. …
San Diego-based Barker Walters (www.barkerwalters.com) announced David Hutch joined the firm as an associate attorney to support the firm’s litigation practice. Hutch gained experience at the Office of Distrcit Attorney for San Diego County, assisting in prosecuting state misdemeanors and …
ESIS, Inc., the risk management services arm of ACE USA, will kick off its 50th anniversary celebration at the 2003 Risk & Insurance Management Society (RIMS) conference in Chicago next month. ESIS president Edward Troy will join ESIS customers and …