Atlantic Mutual closed the sale today of its subsidiary, Atlantic Specialty Insurance Company, and the renewal rights to select commercial insurance business, including the unearned premiums on the acquired book, to OneBeacon Insurance Company, after receiving regulatory approval. The overall …
The Midland Co., a Cincinnati-based provider of specialty insurance products and services, reported that A.M. Best Co. recently reaffirmed the “A+” (superior) rating of its American Modern Insurance Group property/casualty subsidiaries, reflecting their superior capitalization, favorable operating profitability and niche …
The U. S. Department of Labor has reportedly obtained a consent judgment permanently barring the president of SAI Plus in Rockville, Md., from serving as a fiduciary or doing business with any employee benefit plan governed by federal benefits law. …
Illinois Attorney General Lisa Madigan announced that after more than 10 years of evading the law, a DuPage County man has been sentenced to seven years behind bars, the maximum penalty for his crimes. In 1993, the Office of the …
Tennessee-based America Service Group Inc. announced that its subsidiary, EMSA Limited Partnership, has entered into a settlement agreement with the Florida Attorney General’s office. The settlement is related to previously announced allegations, first raised in connection with an investigation of …
New York Superintendent of Insurance Gregory V. Serio and officials from the International Commission on Holocaust Era Insurance Claims (ICHEIC) announced that approximately $16 million in humanitarian payments are going out to approximately 16,000 ICHEIC claimants in 63 countries who …
Atlanta-based Ebix Inc., an international supplier of software and e-commerce solutions to the insurance industry, announced its financial results for the year ended Dec. 31, 2003. The company reported its third consecutive full-year profit, with annual net income being the …
The Ohio Bureau of Workers’ Compensation (BWC) announced a Springfield area man has pled guilty to workers’ compensation fraud. Ty Williams is scheduled to be sentenced on April 29 in the Franklin County Court of Common Pleas. The BWC’s special …
For close to two years, LoJac Materials Inc. in Lebanon, Tennessee, has worked without either a lost time or restricted duty injury. In doing so, the company has been awarded the Governor’s Award of Excellence for workplace safety and health. …
Standard & Poor’s Ratings Services announced that it has “affirmed its ‘A’ long-term junior subordinated debt rating on U.K.-based Legal & General Group PLC’s (L&G; AA-/Stable/A-1+) GBP400 million ($727 million) fixed-rate, undated, reset subordinated notes, following receipt of final documentation.” …