Reforms aimed at improving South Carolina’s climate for small businesses are high on Gov. Mark Sanford’s list of things to do. The governor’s three-point plan – outlined in his State of the State last month – would lower income taxes, …
Margaret Corey Humphrey, 49, of Kinston, N.C., was arrested on two charges of obtaining property by false pretense and three charges of embezzlement by an insurance agent. Humphrey, who officials said has surrendered her insurance agent license, is accused of …
The Central Texas Chapter of Chartered Property Casualty Underwriters (CPCU) and the Austin Association of Insurance Professionals (AAIP) announced the 36th Annual Insurance Day will be held in Austin Mar. 19. The program will include seminars by trainers Robert Bienvenu, …
Marsh UK has promoted Roy White as practice leader of its Financial and Professional Services Practice (FINPRO), in Europe, Middle East and Africa. He is based in Marsh’s London office and will assume overall responsibility to lead and grow FINPRO’s …
Standard & Poor’s Ratings Services announced that its ratings and outlook on Russian reinsurer Moscow Reinsurance Co. (Moscow Re), rated “B+” with a stable outlook, are unchanged following Russia-based Insurance Group’s acquisition of 100 percent of Moscow Re shares. S&P …
Standard & Poor’s Ratings Services has affirmed its “BBB” long-term counterparty credit and insurer financial strength ratings on Oslo-based non-life insurer Bluewater Insurance ASA. S&P also removed the ratings from CreditWatch, where they had been placed with negative implications on …
A.M. Best Co. has assigned a financial strength rating of “A” (Excellent) and an issuer credit rating of “a+” to Sweden’s Skandia Insurance Company Limited and Skandia Life Assurance Company Limited, which is based in the UK. The outlook for …
In separate bulletins A.M. Best Co. stated its position on the ratings of France’s SCOR Group and Converium AG following the announcement that SCOR was seeking to take over the Swiss-based reinsurer (See IJ web site Feb. 19). Best said …
Former NBA Chicago Bulls star Scottie Pippen must pay a bank more than $5 million in a breach of contract lawsuit involving a loan for a business jet, an appeals court ruled. This past week’s ruling by the Missouri Court …
From describing their practices to offering legal advice over the Internet, e-lawyering has created new ethical and legal risks, according to underwriters at the Chubb Group of Insurance Companies. Chubb has introduced a new handbook, “A Lawyer’s Guide to Managing …