Monthly Archives: <span>April 2007</span>

CPCU Society To Host National Leadership Institute Course

On April 20, the CPCU Society and the Society’s Pacific Northwest and Lake Washington Chapters will be hosting a CPCU Society National Leadership Institute (NLI) course: Creative Thinking in Business. The course is designed to provide the participant with insights …

Miss. Wind Pool Prepares Rate Cuts After Feds Give $30 Million

The Mississippi wind insurance pool has received $30 million from the federal Department of Housing and Urban Development. The funding, in the form of a Federal Community Development Block Grant, is a one time deal, according to Pete Smith, Gov. …

Alea Posts Earnings; Agrees to be Acquired by FIN Acquisition

Concurrent with the release of its final results for 2006, the Alea Group announced that it has “reached agreement on the terms of a recommended cash acquisition of Alea by FIN Acquisition, a company formed at the direction of Fortress …

S&P Affirms Allianz Suisse ‘A+’ Ratings; Outlook Revised to Positive

Standard & Poor’s Rating Services has revised its outlook to positive from stable on Swiss-based life insurer Allianz Suisse Lebenversicherungs – Gesellschaft (ASL) and non-life insurer Allianz Suisse Versicherungs – Gesellschaft (ASV) collectively referred to as AZ Suisse. The two …

S&P Raises British Marine Ratings To ‘A+’; Outlook Stable

Standard & Poor’s Ratings Services has raised its long-term counterparty credit and insurer financial strength ratings on Luxembourg-based marine insurer British Marine Luxembourg S.A. (BM) to “A+” from ‘A’. S&P also removed the ratings from CreditWatch, where they had been …

S&P Says Credit Insurer Atradius Ratings ‘Unaffected by Combination’

Standard & Poor’s Ratings Services said that its “ratings and outlook on Netherlands-based credit insurance group Atradius (main operating entities are rated A/Stable/–) and Spain-based credit insurer Compañía Española de Seguros y Reaseguros de Crédito y Caución S.A. (A/Stable/–) are …

Kentucky Coal Mine Widows Prove Powerful as Lobbyists

Claudia Cole would have considered herself an unlikely person to be a lobbyist in the state Capitol. She preferred the simple life of wife and mother. But when her husband was killed in a Kentucky coal mine, the country girl …

Miss. Democrats Ask for Trial Over Primary Ballot Control

Attorneys for plaintiffs wanting to keep non-Democrats from voting in Democratic Party primaries have asked a federal judge to let a trial go on, as scheduled. There is disagreement within the Democratic Party about the lawsuit, which seeks to restrict …

High Winds Damage Buildings in Western Chicago Suburbs

The National Weather Service has confirmed a tornado-like microburst caused damage to a number of buildings in towns west of Chicago and left 11 people injured over the weekend. Winds reached between 95 and 105 mph during the storm that …

Mich. Agents Report Decline in Snowmobile Deaths for 4th Year

Michigan’s snowmobile season has wrapped up with an improved safety record for the fourth straight year. Twenty people died from snowmobile-related accidents in the 2006-07 season, according to a report from the Michigan Association of Insurance Agents. That is down …