Dale Simmon of the Simmon Insurance Agency in Lansing has been named president of the Michigan Association of Insurance Agents (MAIA). As president, Simon will work with the MAIA board of directors and staff to implement policies in the areas …
A.M. Best Co. has commented that the issuer credit rating (ICR) of “a-” of Philadelphia Consolidated Holding Corp. of Bala Cynwyd, PA is unchanged as a result of the recent announcement that Japan’s Tokio Marine Holdings, Inc. has entered into …
A.M. Best Co. has affirmed the financial strength rating of ‘A+’ (Superior) and issuer credit rating of “aa-” of Hong Kong-based HSBC Insurance (Asia) Limited with a stable outlook. “The ratings reflect HSBC Insurance’s sound underwriting earnings, leading market presence …
Bermuda-based Validus Holdings, Ltd. announced that it has filed a shelf registration statement on Form S-3 with the Securities and Exchange Commission (SEC). “The registration statement, which became effective upon filing with the SEC, will permit the company to offer …
(Washington, D.C.) Clements International announces it has been formally accepted as an association member of the Council of Insurance Agents and Brokers (CIAB). Being a member of the CIAB enhances Clements’ ability to build professional relationships with other industry leaders. …
The Houston enclave of West University Place has banned cell phone use for all drivers, the most stringent law of its kind in the nation. The ban, which applies within a three-block radius of the city’s elementary school during school …
The Environmental Protection Agency is investigating alleged violations of state and federal environmental laws by a recently shuttered egg laying operation in western Arkansas. Arkansas Egg Co. officials confirmed the investigation was under way but declined to describe the nature …
New Orleans residents are surprisingly optimistic three years after Hurricane Katrina, considering that most see little or no progress in key areas and feel the rest of the country has forgotten their lingering troubles, says the head of the foundation …
The operator of the tour bus that wrecked in an accident that killed 17 members of a Houston church Aug. 8 was not legally licensed and had no insurance. In addition to the fatalities, 40 people were injured when the …
Peter Crosa of Atlanta, Ga. received an assignment for lightning damage to an insured’s ceiling and roof. While lightning stikes on homes in Florida occur with relative regularity, what he found resembled a science fiction movie set. Two oblong holes, …