The Louisiana House of Representatives rejected a proposal to loosen statewide building codes enacted after the 2005 storms, concerned that insurers will refuse to write policies for homes built under relaxed standards. Under current law, construction of a new home …
A bill vastly expanding the number of small businesses that qualify for a health insurance subsidy program is nearing floor action in the Oklahoma Legislature, a key lawmaker said recently. Gov. Brad Henry’s “Insure Oklahoma” program currently provides health insurance …
Hull & Co. Inc. has announced the retirement of a longtime employee based at their Fort Lauderdale, Fla., branch. Ed Calabrese, president and chief operating officer will retire from the Florida-based wholesale broker and managing general agency on June 30 …
Standard & Poor’s Ratings Services has raised its letter of credit (LOC) rating on Blue Ocean Re Ltd.’s $50 million LOC facility to “A-1+” from “A-1.” In April S&P affirmed its “BBB+” senior secured debt rating on Blue Ocean’s senior …
Risk retention group Cabina-America, whch was licensed in April 2006, has been placed under restrictive order by Commissioner Thomas E. Hampton of the District of Columbia Department of Insurance, Securities and Banking (DISB). An insurance agent of Columbus, Georgia, has …
A.M. Best Co. has affirmed the financial strength rating (FSR) of “A-” (Excellent) and the issuer credit ratings (ICR) of “a-” of Horace Mann Educators Corporation’s (HMEC) P/C group, Horace Mann Insurance Group (Horace Mann) and its subsidiaries and HMEC’s …
A man who sold bogus medical malpractice insurance to Fargo’s Red River Women’s Clinic and other abortion providers nationwide has been sentenced to serve nearly six years in prison. William Ledee III, 64, of Atlanta, was sentenced to five years …
A grocery store owner, her son and his girlfriend face federal charges in the fire that gutted the business last year, allegedly as part of a scheme to collect just over $794,000 in insurance money. Mayneng Xiong, 51, owner of …
State Farm Insurance Co. has paid out about $12 million in claims with more still coming in after a Kansas tornado that destroyed a town two weeks ago and killed at least a dozen people, the company said. Home and …
New York Superintendent of Insurance Eric Dinallo announced the appointment of 11 senior executives to positions on the Insurance Department’s leadership team. Kermitt J. Brooks has been named first deputy superintendent. As second in command, he oversees all the deputy …