Allied World Assurance Company, Ltd [AWAC] announced that its A+ [Superior] Rating has been affirmed by A.M. Best Co. The same rating has been affirmed for its wholly owned subsidiary companies as well. AWAC’s operating subsidiaries include: – Allied World …
Georgia-based ImageRight (www.imageright.com), a document management and workflow solution, announced Delphi Technology, Inc. (DTI) has become a member of the ImageRight Business Alliance attaining Gold Integration Status. DTI is a provider of information technology to the risk and insurance industry. …
The Circuit Court of Cook County, Ill., has granted Illinois Director of Insurance J. Anthony Clark’s request for the entry of an agreed order of liquidation with a finding of insolvency against Statewide Insurance Co. The liquidation was effective yesterday, …
Maine Superintendent of Insurance Alessandro Iuppa recently announced that CIGNA Healthcare of Maine, Inc., and CIGNA Behavioral Health (collectively “CIGNA”) have been fined a total of $900,000 for reported multiple violations of Maine law. The fine, which was assessed as …
Standard & Poor’s Ratings Services affirmed its ‘AAA’ counterparty credit and financial strength ratings on United Services Automobiles Assoc., USAA Casualty Insurance Co., and USAA General Indemnity Co. (collectively referred to as USAA). At the same time, Standard & Poor’s …
The Knights of Columbus will begin paying an accidental death benefit to the families of members of the Catholic fraternal order who are killed while in military service in Afghanistan and Iraq during Operation Iraqi Freedom. The benefit is based …
Florida is like many other states when it comes to insurance fraud – it recognizes the problem and is doing something about it. Recently, Chief Financial Officer Tom Gallagher and Bob Neumann, director of the Division of Insurance Fraud, spoke …
Fitch Ratings has affirmed the ‘BBB+’ long-term issuer ratings of American Financial Group Inc. (AFG) and its subsidiaries American Premier Underwriters Inc. (APU) and Great American Financial Resources Inc. (GAFR). The affirmation affects $815 million worth of specific debt issuance …
The National Association of Mutual Insurance Cos. has released an online report detailing efforts underway to reform the tort systems of the several states. In a statement publicizing the report, NAMIC said that the American tort system, “while generally strong …
Pennsylvania-based Donegal Group Inc. has completed the previously announced acquisition of all of the outstanding capital stock of The Peninsula Insurance Company and Peninsula Indemnity Company from Folksamerica Holding Company, Inc. for approximately $23 million in cash. “Peninsula operates as …