Venture Programs (www.ventureprograms.com), a provider in the design and underwriting of select industry-focused insurance packages, announced a program alliance with ACE Westchester Specialty Group, part of the ACE Group of Companies, for the Preferred Club Program. The Preferred Club Program …
Florida-based 21st Century Holding Company, a vertically integrated financial services holding company, is raising its guidance for calendar year 2004. President and Chairman of the Board, Edward Lawson, announced that he is raising the guidance for the company’s calendar year …
Standard & Poor’s assigned its preliminary ‘B-‘ senior unsecured debt, ‘CCC’ subordinated debt, and ‘CCC-‘ preferred stock ratings to Conseco Inc.’s $3 billion universal shelf registration, which was filed with the SEC on Dec. 5, 2003. If securities are issued …
The Louisiana Insurance Fraud Task Force announced another accomplishment in the fight against insurance fraud with the arrest of two Department of Insurance employees for Public Bribery and Conspiracy to Commit Public Bribery. In February 2001, the Louisiana State Police …
California Insurance Commissioner John Garamendi offered his sympathies and some advice in a statement to the victims of the Paso San Robles earthquake last week. “I offer my deepest sympathy to the families of the victims in today’s earthquake, and …
A.M. Best Co. announced that it has downgraded the financial strength rating to “A-” (Excellent) from “A” (Excellent) of Employers Reassurance Corporation (ERAC) and assigned a stable outlook. “The rating reflects ERAC’s superior stand-alone risk-adjusted capitalization and favorable liquidity position,” …
Underwriters at Lloyd’s of London have appointed Connecticut-based William Kramer & Associates (WKA) as the sole claim loss insurance adjuster for the Massachusetts Turnpike Authority (MTA). WKA has extensive experience in loss control, including work on the largest highway project …
Bam, the ancient city in southeastern, Iran lies in ruins after an earthquake, measured locally at 6.3 on the Richter scale (the US Geological Survey measured it at 6.7), struck early Friday morning. No official count of the dead, wounded …
Caliber Collision Centers, an Irvine, Calif.-based operator of high-quality collision repair facilities in California and Texas, recently donated $1,000 worth of new toys to I-CAR’s holiday toy drive – bringing toys and holiday cheer to victims of the recent Southern …
New Jersey Attorney General Peter Harvey announced that a Bergen County man has pleaded guilty to stealing health insurance benefits by reportedly creating a phony business group in order to fraudulently purchase group health insurance coverage for individuals not employed …