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A.M. Best has affirmed the financial strength rating of B+ and the issuer credit rating of“ bbb-” of Royal Insurance Corporation of Bhutan Limited. The ratings reflect RICB’ s adequate risk-adjusted capitalization, consistently favorable operating performance and its dominating market position in Bhutan. RICB’ s debt-to-capital ratio was relatively high, and…

Fitch Ratings today has released a Special Report that examines the investment portfolios of U.S. life insurance companies at year-end 2014. The results of the report are based on statutory information Fitch compiles annually from an investment survey of its universe of rated life insurance entities. Fitch estimates these results represent…

Aug. 28– The Jamestown Police and Fire Committee defeated a proposal to allow all-terrain vehicles and utility-task vehicles on Jamestown city streets Thursday on a 3-2 split vote. Councilmen Charlie Kourajian, Dan Buchanan and Steve Brubakken opposed. Jamestown Police Chief Scott Edinger spoke in favor of allowing ATVs on city streets and said the vehicles…

Aug. 28– Two mobile homes were destroyed and two others damaged in a Spokane Valley fire early Thursday. Resident Randy Rinderneck, 53, said he woke up around 5 a.m. and saw flames through the blinds of his mobile home in Appleway Park Estates in the 200 block of South Park Road. He started yelling for his roommate, John Eimers, 54, to get up.

The Phoenix Companies, Inc. reported that Standard& Poor’ s affirmed Phoenix’ s long-term counterparty credit rating and the financial strength ratings of Phoenix Life Insurance Company and PHL Variable Insurance Company. S&P removed the CreditWatches it placed on Phoenix and its insurance company subsidiaries on July 9, 2015. Phoenix is headquartered in…

Aug. 28– Real estate and personal property school tax rates will increase 2.8 percent for the 2015-2016 fiscal year, the Madison County School Board decided Thursday during a special called meeting. The new rate of 61.8 cents per $100 of assessed value equates to an approximate raise of about $34 on a home valued at $200,000, Superintendent Elmer Thomas…

A.M. Best has downgraded the financial strength rating to B++ from A- and the issuer credit rating to“ bbb+” from“ a-” of The Mediterranean& Gulf Insurance& Reinsurance Company B.S.C. (c) and The Mediterranean and Gulf Cooperative Insurance and Reinsurance Company. Concurrently, A.M. Best has affirmed the FSR of B++ and the ICR of“ bbb+” of The Mediterranean& Gulf Insurance and…

–TechAssure, the international nonprofit association of insurance and risk management experts for technology-related risks, has named Celedinas Insurance Group as the exclusive Florida member. “Florida is an important area of focus for TechAssure and we are pleased to add a firm with the commitment, creativity and clout of Celedinas Insurance Group,” said…

Office Address: Department of the Treasury; Internal Revenue Service; National Office Procurement; 6009 Oxon Hill Road, Suite 500 Oxon Hill MD 20745. Description: Department of the Treasury. The Internal Revenue Service intends to issue a delivery order on a sole source basis to REED ELSEVIER dba LEXISNEXIS, 9393 SPRINGBORO PIKE, MIAMISBURG, OH 45342-4424 for a…

Office Address: Department of the Army; Army Contracting Command; ACC- Orlando;, 12350 Research Parkway, Orlando, FL 32826-3276. Description: Department of the Army. Presenters: Craig Thornley, PEO STRI Information Assurance Program Manager Rafael Rivera, NAWCTSD Information System Security Manager Jason Eddy, President of Assured Information Technology…

Freberg Environmental Insurance, a Denver- based program manager, announced today several key staff additions to the company. Brenda Ryberg joined FEI in June as a Program Manager of FEI’ s Hazardous Materials Trucking program, replacing Diana Pantle who retired from FEI after 16 years of service. Nick Langham, formerly of AIG Environmental in Dallas, joined FEI…

United Benefit Advisors, the nation's leading independent employee benefits advisory organization, is pleased to welcome TJS Insurance Group as its newest Partner Firm. Within the past 10 years, TJS Insurance Group has emerged as one of the leading employee benefits brokers in the Pittsburgh area. To be connected to over 130 other like-minded insurance…

By a News Reporter-Staff News Editor at Insurance Weekly News– According to news reporting originating from Washington, D.C., by VerticalNews journalists, a U.S. Securities and Exchange Commission filing by Metropolitan Life Insurance Co was posted on August 17, 2015. The SEC file number is 0000950123-15-009509.. A U.S. Securities and Exchange Commission…

Bordeaux Segalen University Details Findings in Health Insurance. By a News Reporter-Staff News Editor at Managed Care Weekly Digest– Data detailed on Health Insurance have been presented. According to news reporting originating from Bordeaux, France, by NewsRx correspondents, research stated, “The use of homeopathic medicine is poorly described and the…

Lockton Companies reported the appointment of Guilherme Perondi Neto as Deputy CEO of their Brazilian subsidiary, Lockton Brazil, effective Sept. 1. In a release, the Company noted that with experience in the insurance market through various multinationals companies such as Veritas and 3 Com Corp., he joins Lockton from the Allianz Group.