A former New Jersey police officer has admitted setting fire to his personal vehicle last year to defraud his auto insurance company. Kareem Spence faces up to five years in prison after pleading guilty to insurance fraud as part of …
CIS Group LLC, a subsidiary of CIS Holdings LLC and an affiliate of CEP, has completed its acquisition of Cornerstone Appraisal Services of Valparaiso, Indiana. This acquisition marks the third property inspection services company that CIS Group has acquired, including …
The Mississippi Supreme Court has upheld a breach-of-contract verdict in a dispute between an insurance company and a retired Navy admiral over coverage of damages from Hurricane Katrina. However, the high court said Admiral James W. Lisanby and his wife, …
Standard & Poor’s Ratings Services has affirmed its ‘A’ counterparty credit and financial strength ratings and stable outlook on Electric Insurance Co. S&P also said it subsequently withdrew the ratings at the company’s request. “The ratings reflected Electric Insurance’s unique …
A.M. Best Co. has assigned a debt rating of “bbb” to the recently issued $300 million 5.5 percent senior unsecured notes due 2020 of Bermuda-based Allied World Assurance Company Holdings, with a stable outlook. The proceeds from the debt offering …
A.M. Best Co. has affirmed the financial strength rating of ‘A-‘ (Excellent) and issuer credit rating (ICR) of “a-” of Fremont Insurance Company, as well as the ICR of “bbb-” of its parent holding company, Fremont Michigan InsuraCorp, Inc. (OTC …
A.M. Best Co. has affirmed the financial strength ratings (FSR) and issuer credit ratings (ICR) of the property/casualty and life/health insurance subsidiaries of Assurant, Inc. Best also affirmed the ICR of “bbb” and debt ratings of Assurant. The outlook for …
The UK’s Football [Soccer] Association’s insurers will pay compensation to Liverpool after midfielder Steven Gerrard sustained a hamstring injury on England duty. The FA confirmed Friday it has a comprehensive voluntary insurance scheme that covers for injuries to England players …
As the UN climate summit in Cancun approaches, the insurance industry is preparing to present its case to the poiticians, business leaders and scientists, who will be attending. “As an insurer, we are the frontline industry to feel the heat …
Federal regulators cited Utah’s largest coal mine for safety violations as part of an inspection blitz of more than a dozen coal mines around the country. The Mine Safety and Health Administration says it hit Arch Coal Co.’s SUFCO mine …