State Compensation Insurance Fund announced a seven percent rate decrease on new and renewal policies with an effective date on or after July 1, 2004. The decrease is a result of the cost saving reforms adopted by the Governor and …
Following charges last July of grand theft and scheme to defraud, an Orlando, Florida insurance agent has been arrested a second time for allegedly misappropriating workers’ compensation premiums paid by area businesses. The new charges also stem from the previous …
Poe Financial Group member company, Atlantic Preferred Insurance Company, announced it had assumed 12,457 wind policies from Citizen’s Property Insurance Corporation’s High Risk Account under the State of Florida’s depopulation program. Essentially, the depopulation program reduces the number of wind …
The Hartford Financial Services Group Inc. was recognized for its contribution to the growth of the National Flood Insurance Program (NFIP) during the recent NFIP Annual Conference in Seattle. The Hartford, a Write Your Own (WYO) flood insurer, is one …
The law firm of Cozen O’Connor announced it has opened an office in Houston, Texas, at 1 Houston Center, 1221 McKinney St., Suite 2900. The new office is the firm’s 21st. It also maintains another Texas office in Dallas, with …
The National Association of Professional Insurance Agents said that State officials are responding to its call to protect returning soldiers’ insurance coverage. In May the PIA issued a declaration making it clear that no insurance company should deny auto coverage …
Standard & Poor’s Ratings Services joined its contemporaries in affirming its ‘BBB+’ counterparty credit and senior debt ratings on ACE Ltd. (ACE) following the announcement that its U.S. subsidiary, ACE INA Holdings Inc., plans to sell $500 million of 5.875 …
Standard & Poor’s Ratings Services announced that it has affirmed its “A” counterparty credit and financial strength ratings on Bermuda’s Axis Specialty Ltd. and its operating units: Axis Specialty Europe Ltd., Axis Specialty Insurance Co., Axis Reinsurance Co., and Axis …
Fitch Ratings announced that it has affirmed Arrow Reinsurance Company, Limited’s ‘A+’ insurer financial strength rating with a stable outlook. “Fitch’s rating is derived primarily from the existence of keep-well agreement between Arrow Re and its parent company, The Goldman …
California’s State Compensation Insurance Fund today announced a seven percent rate decrease on new and renewal policies with an effective date on or after July 1, 2004. This decrease is a result of the cost saving reforms adopted by the …