A report in The Baltimore Sun indicates that Alfred W. Redmer Jr., currently a member of the Maryland Assembly and a sales executive with Benefit Mall, a health insurance provider, has the inside track to be named as the State’s …
Acting Attorney General Peter C. Harvey announced that an Essex County man pled guilty to insurance fraud charges and admitted his role in an organized scheme to illegally obtain police accident reports and to submit fraudulent insurance claims based on …
A.M. Best Co. has downgraded the financial strength rating to B+ (Very Good) from B++ (Very Good) of The Underwriter Insurance Company Limited (TU), United Kingdom. The outlook remains negative. The downgrade to B++ on April 8, 2003, was based …
Standard & Poor’s Ratings Services announced that it has affirmed its ‘A+’ counterparty credit, ‘A+’ senior debt, and ‘A-‘ preferred stock ratings on XL Capital Ltd. (XLC), “based on the strong diversified earnings, conservative business model supported by its profit-oriented …
Standard & Poor’s Ratings Services has issued a report based on its analysis of 34 “debt-issuing insurers,” which concludes that “despite signs of greater stability in the European insurance sector, credit quality remains pressured and rating downgrades are expected to …
The Kansas Insurance Department has established a temporary office in Liberal, Kan., to help storm and tornado victims with insurance-related inquiries, according to a statement. Insurance Commissioner Sandy Praeger announced today that a provisional office is now open at the …
U.S. insurers have taken another hit these past few weeks as tornado season continues to wreak havoc on the nation. The tornadoes, which swept across parts of the U.S. from May 2-11, have the potential to be the costliest in …
Nineteen California auto repair shops were busted by the Department of Insurance last week for allegedly providing fraudulent written repair estimates for vehicles that had no visible damage, according to the Associated Press. Insurance Commissioner John Garamendi said several arrests …
The Hartford Financial Services Group Inc. announced that it has priced its three previously announced capital offerings for gross proceeds of approximately $1.95 billion. About $1.1 billion of the funds were raised from 24.2 million shares of common stock priced …
The Kentucky Department of Insurance scheduled two public hearings in June to discuss specific rate filings from two medical malpractice insurance carriers. According to Insurance Commissioner Janie A. Miller, recent filings from ProNational Insurance Company and OHIC Insurance Company will …