Mike Mitrovic joined New York-based Ironshore Inc. as president, professional liability facility, IronPro Claims. Mitrovic teamed with IronPro president, Greg Flood, to lead in growth and development. Mitrovic held various leadership positions within American International Group before joining IronPro Claims. …
Trident IV L.P., a private equity fund managed by Stone Point Capital, announced that it, along with John G. Hahn and Dan R. Francis, have committed to invest up to $100 million to form Edgewood Partners Insurance Center, a new …
Police arrested a key witness in the case involving a former Saginaw, Mich. mayor charged with arson and insurance fraud in the burning of her 1986 Mercedes-Benz. Jerry W. Wilkins was arrested June 1st at a restaurant by police in …
A.M. Best Co. has affirmed the financial strength rating (FSR) of “A” (Excellent) and the issuer credit ratings (ICR) of “a” of New York-based QBE Re Group U.S. and its members. Best also removed the ratings from under review with …
A.M. Best Co. has affirmed the financial strength rating of “B+” (Good) and the issuer credit rating of “bbb-” of Jordan’s Arab Orient Insurance Company with a stable outlook. The ratings reflect the company’s improved risk-adjusted capitalization, leading business position …
In November, a judge gave hope to Louisiana homeowners trying to collect insurance money for flood damage caused by Hurricane Katrina. Now, that decision is under scrutiny. U.S. District Judge Stanwood Duval Jr. sided with policyholders who argued that language …
The superintendent of a Rio Grande Valley (Texas) school district, several school board members and others face charges alleging they accepted more than $600,000 in bribes to steer contracts to certain businesses, federal officials said June 5. The contracts included …
A Louisiana House of Representatives committee recently approved two proposals to reduce the number of homeowners insurance policies written by the state-backed company known as the “insurer of last resort.” Sens. James David Cain and Reggie Dupre are sponsors of …
The South Carolina House has concurred with the Senate on the so-called coastal property omnibus bill and forwarded it to the governor who is expected to sign the legislation. HB 3820 includes a limited expansion of the South Carolina Wind …
Iowa Gov. Chet Culver said he will request federal funds to help eastern Iowa recover from tornadoes that struck last week. Culver said he will seek Presidential Disaster Declarations for Louisa and Muscatine counties, both of which were hit hard …