Monthly Archives: <span>June 2006</span>

Regular Church Attendance Could Offer Unique Insurance ‘Blessings’

West Des Moines, Iowa-based GuideOne Insurance says being a faithful churchgoer could provide some real insurance blessings. GuideOne’s year old insurance product, FaithGuard, an auto and homeowners insurance policy with specific benefits for churchgoers, has been on the market for …

Court Upholds Auto Recalls by Region

A federal appeals court has unanimously upheld guidelines from the government’s highway safety agency allowing automakers to limit some vehicle recalls by region. Two consumer groups had challenged the National Highway Traffic Safety Administration’s policy that allows automakers to conduct …

N.D. Commissioner Not Satisfied with Humana Response on Security Thefts

North Dakota Insurance Commissioner Jim Poolman says attorneys will draft a proposed order to be sent to a company next week in response to the theft of personal information from some of its customers. Poolman said the names, addresses and …

Mich. Lawmakers Consider New Alcohol Limit Law for Boaters

The Michigan Legislature wants to toughen the law regarding alochol limits for boaters. Alcohol typically plays a role in about a third of reported boating deaths each year, according to the Michigan Association of Insurance Agents. The report is based …

FARA Appoints Boullion as Director of Human Resources

FARA, a third party administrator of insurance services located in Mandeville, La., announced the appointment of Michelle Boullion to director of Human Resources. In this position, Boullion is responsible for all human resource functions for FARA. She is based in …

Three in La. Arrested for Insurance Fraud

Two Baton Rouge, La., men and a Donaldsonville attorney face charges of conspiring to defraud an insurance company of $100,000, according to the Louisiana State Police. Investigators believe Glenn Davis, 55, and Jessie Melton, 68, intentionally crashed their vehicles in …

Best Affirms Alliance Re’s ‘B++’ Ratings

A.M. Best Co. has affirmed the financial strength rating of “B++” (Very Good) and the issuer credit rating (ICR) of “bbb” for Cyprus-based Alliance International Reinsurance Public Company Limited with a stable outlook. “The ratings reflect Alliance Re’s solid prospective …

Best Affirms Nipponkoa ‘A’ Ratings

A.M. Best Co. has affirmed the financial strength rating of “A” (Excellent) and assigned an issuer credit rating of “a+” to Japan’s Nipponkoa Insurance Company Limited with a stable outlook. “The ratings reflect Nipponkoa’s solid market profile, growth in risk-adjusted …

Fitch Affirms White Mountains’ ‘BBB+’ Ratings; Lowers Folksamerica

Fitch Ratings has affirmed the “BBB+” issuer default ratings (IDR) of White Mountains Insurance Group, Ltd. and its wholly owned intermediate holding company subsidiary, Fund American Companies, Inc., as well as the “BBB” senior debt rating of Fund American. Fitch …

Best Rates Australia’s Guild ‘A-‘

A.M. Best Co. has assigned a financial strength rating of “A-” (Excellent) and an issuer credit rating of “a-” to Australia’s Guild Insurance Limited (GIL), with a stable outlook. “The ratings reflect GIL’s improving risk-adjusted capitalization, continued profitability and satisfactory …