A.M. Best Co. has upgraded the financial strength ratings to A++ (Superior) from A+ (Superior) for the NJM Insurance Group (West Trenton, N.J.). The outlook for the ratings is stable. The ratings reflect the group’s superior capitalization, strong operating performance …
Following the announcement of the completion of the sale of Sierra Insurance Group (SIG) by Sierra Health Services, Inc. (SIE) to Folksamerica Holdings Company Inc., Fitch has affirmed SIG’s insurer financial strength (IFS)rating of ‘BBB-‘ and simultaneously withdraws the rating …
Georgia Insurance Commissioner John Oxendine announced the launch of a public service announcement (PSA) that will inform consumers of the dangers of purchasing insurance policies from unauthorized companies. “These bogus insurance companies sell policies that hold no value and pay …
The New York Insurance Association has asked the state’s attorney general to investigate a law firm which is reportedly using unsolicited fax transmissions to seek prospective beneficiaries of a class action lawsuit settlement against a satellite television company on the …
After Moody’s and Standard and Poor’s, A.M. Best Co. announced that it has made several adjustments to the ratings of Travelers and The St. Paul as a result of their recent merger. Best said it has downgraded the financial strength …
Workshops to teach restaurant managers and supervisors how to prevent injuries to their young workers will be held April 18 and 20 in Tacoma, Washington. The Department of Labor and Industries (L&I) and the Washington Restaurant Association (WRA) are jointly …
Michigan Office of Financial and Insurance Services (OFIS) Commissioner Linda Watters said that two insurance companies that failed to submit information requested through an auto insurance data call by March 15, 2004 now face compliance penalties that could include a …
Florida Attorney General Charlie Crist and Kissimmee Police Chief Mark Weimer announced the arrests of four individuals following an investigation into an identity theft ring. Michael Townsend and Gregory Gaffney, both of Kissimmee, Karen Looney of Davenport and Eugenia Kennedy …
A Coconut Creek area insurance agent has surrendered his license after pleading guilty to securities fraud, according to the Florida Department of Financial Services. Investigators with the department discovered that Daniel Alan Camm, 35, pleaded guilty to two felony counts …
Oklahoma Attorney General Drew Edmondson announced that an Oklahoma City man was ordered to pay almost $6,000 in restitution after pleading guilty March 30 to one count of workers’ compensation fraud. Fred Young was charged Dec. 17, 2003, in Oklahoma …