A.M. Best Co. has assigned a debt rating of “bbb” to the $400 million 6.75 percent fixed-to-floating rate junior subordinated notes issued by Nationwide Financial Services, Inc. The notes have a scheduled maturity of 30 years and a final maturity …
A.M. Best Co. has affirmed the issuer credit rating (ICR) of “bbb+” of Atrium Underwriting plc, the non-operating holding company of Atrium Underwriters Limited (AUL). Best also revised the outlook to positive from stable, “in line with the outlook on …
Southwestern Insurance Information Service announced their 54th Annual Educational Conference will be held June 26-27, 2007 at the Crowne Plaza Hotel in Addison, Texas. Kicking off the meeting at a dinner the evening of June 26 will be Joe Bastardi, …
Louisiana Commissioner of Insurance Jim Donelon announced that rates for workers’ compensation insurance are decreasing, thanks to a large drop in loss costs for insurers. Most workers’ comp carriers in Louisiana use the National Council on Compensation Insurance (NCCI) annual …
The Louisiana House of Representatives Insurance Committee approved a plan meant to lower homeowners rates charged by Louisiana’s state-backed insurer, despite warnings that it will backfire and exacerbate the state’s property insurance problems. Legislation to allow the Citizens Property Insurance …
A Broward County Court has approved a class action settlement on behalf of more than 12,000 State Farm Insurance policyholders in Florida who will receive 100 percent of the damages they requested in a $6.8 million settlement of claims filed …
South Carolina has again expanded the territory covered by the state’s wind pool to the intracoastal waterway and additonal areas within Charleston, Georgetown and Horry counties. “This expansion supplements the initial expansion and is limited. It is intended to help …
Flooding that soaked southwest Iowa earlier this month caused $26 million in damage, according to preliminary assessments released by state officials. The total estimates were included in a request for federal disaster assistance made by Gov. Chet Culver. Culver’s request …
“I’m New Jersey Gov. Jon Corzine, and I should be dead.” So begins Corzine’s public service announcement promoting seat belt use, which was released Thursday. The governor was seriously injured in an April 12 car crash in which he wasn’t …
Perched on the picturesque Rhode Island coastline, the 11 Newport Mansions are a national treasure. Once a summer getaway for the country’s wealthiest industrialists, today the historic mansions are a tourist attraction for 750,000 visitors each year. Yet, as lovely …