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American Freedom Insurance Co. Ratings Upgraded
A.M. Best Co. upgraded the financial strength rating to A- (Excellent) from B++ (Good) and issuer credit rating to "a-" from "bbb+" of American Freedom Insurance Company of Arlington Heights, Ill. ...

As Weather Warms, Property Owners Urged to Buy Flood Insurance
Having flood insurance will be increasingly important this year as spring rain combines in many parts of the U.S. with the melting of record snowfall, according to the Insurance Information ...

Calif. Regulator Appoints Workers' Comp Insurance Rating Bureau Governing Committee
Calif. Insurance Commissioner Steve Poizner announced that he has reappointed Lee Pearson of Rancho Murieta, and Bruce Wick of San Bernardino, to the Workers' Compensation Insurance Rating Bureau ...

Impasse over Unemployment Tax on Businesses Continues in Indiana
The full Indiana House returned to the Statehouse on March 10 after a five-day break, but partisan differences remained over an unemployment insurance tax bill as a March 14 deadline for ...

Young Adults, Men, High-Earners Top Users of Social Media for Insurance
A new survey suggests insurers looking into the use of social media for promotion and customer interaction would be smart to target young adults, men and high-income earners. These groups are the ...

Calif. Workers' Comp Insurer Records $143 Net Income in 2009
The California State Compensation Insurance Fund, reported it ended 2009 with $1.25 billion in net premium earned, and $143 million in net income, compared with $75 million in net income earned in ...

Dumm Named Chairman of National Alliance Board
Professor Randy Dumm, Ph.D., of Florida State University, in Tallahassee, Fla., has been named the new chairman of the board for Austin, Texas-based The National Alliance for Insurance Education ...

Measure to Privatize Oklahoma's Compsource Dead for the Year
The author of legislation authorizing the sale of Oklahoma's workers' compensation insurance agency said he does not have enough votes to pass it in the state House and that the bill appears dead ...

USI Holdings Acquires Business from Seattle Broker RA Bench
USI Holdings Corp. has reported the closing of the acquisition of the insurance and financial services business of RA Bench, a Seattle, Washington, based wealth management, executive and group ...

Marsh Names Sammeroff to lead UK Real Estate Development Team
Marsh has appointed Candice Sammeroff to lead the firm's business development in the commercial property and real estate sector in the UK. She has 10 years' experience in the legal sector, and ...

Best Affirms American Modern Insurance Group Ratings
A.M. Best Co. has affirmed the financial strength rating (FSR) of 'A+' (Superior) and issuer credit ratings (ICR) of "aa-" of American Modern Insurance Group of Amelia, Ohio and its ...

Poll Finds More Americans Say Global Warming Exaggerated
A growing number of Americans, nearly half the country, think global warming worries are exaggerated and more people doubt that scientific warnings of severe environmental fallout will ever occur, ...

West Virginia Mine Foreman Pleads Guilty to Faking Safety Records
A foreman accused of faking a safety inspection report at a Patriot Coal Corp. mine pleaded guilty Wednesday to one count of making false statements and certifications under federal mine safety ...

West Virginia Lawmakers Approve Creation of Special Business Courts
Lawmakers hope a new bill will blunt business groups' criticism of West Virginia's court system. The Senate voted unanimously Wednesday to allow the state Supreme Court to create special business ...

Best Affirms RenRe Holdings, Operating Companies Ratings
A.M. Best Co. has affirmed the financial strength rating (FSR) of A+ (Superior) and issuer credit ratings (ICR) of "aa-" of Renaissance Reinsurance Ltd. and Renaissance Reinsurance of Europe, ...