Insurance House of Marietta, Ga. has opened a new Durham, N.C. office for Deering & Assoc., its wholly-owned subsidiary. The move more than doubles the size of the original office. Personal lines will be managed from the company’s Winston-Salem, N.C. …
Two courts in Michigan have ruled that the insurer of a truck must pay $18,000 for damage caused to a small airplane that crashed after clipping the truck as the pilot tried to land in a grassy airfield. The truck …
A.M. Best Co. announced that it has affirmed the financial strength rating (FSR) of “A+” (Superior) and the issuer credit ratings (ICR) of “aa-” of XL Capital Ltd’s operating subsidiaries. Best also assigned a debt rating of “a-” to $745 …
Hiscox Plc, the U.K.-based specialty and Lloyd’s insurer, has issued a warning to music lovers that they could face a “double whammy” if their portable player is lost or stolen. They could lose not only the iPod or MP3, but …
Even as new reports of deaths caused by the bird flu virus are coming in from Indonesia and Vietnam, the insurance industry received an additional warning about its potential exposures. An article on the Lloyd’s Website [www.lloyd’s.com] reports that the …
Standard & Poor’s Ratings Services announced that it has affirmed its “A-” counterparty credit and financial strength ratings on petroleum industry mutual insurer Oil Insurance Ltd. (OIL) and removed them from CreditWatch with negative implications, where they were placed on …
A Miami man is facing more than 48 felony charges after surrendering Tuesday to insurance fraud detectives with the Department of Financial Services investigating the theft of nearly $1 million in a 2002 mortgage transaction. The diversion led to foreclosure …
A South Florida insurance agent, Thomas A. Masciarelli, was arrested Tuesday by state insurance fraud detectives for bilking elderly clients in an unregistered securities scheme. Masciarelli, 48, was charged with three counts of grand theft and booked into the Palm …
Tax and time relief measures are available to Floridians impacted by this year’s hurricanes according to Tom Gallagher, Florida CFO. “Many hurricane victims are still struggling to repair their homes and rebuild their lives,” Gallagher said. “We want to get …
In a new analysis of the $140 billion asbestos trust fund scheme included in S. 852 which was reported out of the Senate Judiciary Committee, the Congressional Budget Office continues to raise doubts over whether the trust fund created by …