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The Athens borough council Monday agreed to submit a letter of intent to have the Chemung River levee certified by the Federal Emergency Management Agency, but borough officials said they are unlikely to take action on the certification. The certification would help to offset the cost of flood insurance, he said, but since Athens has a unique situation with the…

GEICO has brought in adjusters from around the country and also set up catastrophe assistance centers in Denver and Colorado Springs to help policyholders recover following recent rain and hail storms in Colorado. GEICO urges policyholders to report their claims as early as possible. To reach GEICO’s claims team anytime, 24 hours a day, call 1-800-841-3000,…

A.M. Best Co. has affirmed the financial strength ratings of A+ and issuer credit ratings of“ aa” of the North America property/casualty subsidiaries of ACE Limited, ACE Bermuda Insurance Ltd., ACE Tempest Reinsurance Ltd., the members of the ACE American Pool and ACE INA Insurance. Concurrently, A.M. Best has affirmed the ICR and senior debt ratings of“ a” of ACE and…

United Insurance Holdings Corp., a property and casualty insurance holding company, today announced that its Board of Directors has appointed John Forney, CFA, as its Chief Executive Officer. Mr. Forney will join United on Thursday June 14, 2012, and will also serve as a Director on the Company’ s Board. The 50- year-old Mr. Forney brings to United an impressive, 21-…

The plan, adopted by Chris O’ Kane on June 12, 2012, will allow an agent to effect the exercise of Aspen stock options from time to time granted to him in August 2003 due to expire in August 2013. Aspen provides reinsurance and insurance coverage to clients in various domestic and global markets through wholly-owned subsidiaries and offices in Bermuda, France,…

A.M. Best Co. has affirmed the financial strength rating of A and issuer credit rating of“ a” of Farmers New World Life Insurance Company. FNWL is owned by Farmers Group Inc., a leading provider of personal lines insurance whose ultimate parent is Zurich Financial Services Ltd. A.M. Best believes Farmers New World is well positioned at its current rating level for…

Hylant Group, one of the largest privately owned insurance brokerage firms in the nation, announced today that it has acquired AGIS, an independent, full-service employee benefits agency with offices in Birmingham, Mich., and Orlando and Jacksonville, Fla. The Florida offices will be led by industry veterans Andria Herr in Orlando and Mark Nixon in Jacksonville.

ACL Services Ltd. today released a customer case study on the impact of the ACL™ Workpapers audit management solution. Within just a few short months of implementing ACL Workpapers, Vancouver- based internal audit and risk management services provider Straight Talk Consulting Solutions realized productivity gains of 30 percent related to workpaper…

A.M. Best Co. has affirmed the financial strength rating of B++ and the issuer credit rating of“ bbb+” of Southern Pioneer Property& Casualty Insurance Company. The outlook for the FSR is stable, while the outlook for the ICR has been revised to negative from stable. Founded in 1899, A.M. Best Company is the world’ s oldest and most authoritative insurance rating and…

BURLINGTON, Mass., June 12, 2012– MicroFinancial Incorporated a financial intermediary specializing in vendor based leasing and finance programs for microticket transactions, today announced that it is set to join the Russell 3000 and Global Indexes when Russell Investments reconstitutes its equity indexes on June 25, 2012, according to a preliminary…

“Farmers from across the country and the nation’s banking community are sending a unified message to Congress: Do no harm to crop insurance,”…

A.M. Best Co. has affirmed the financial strength rating of A and the issuer credit rating of“ a+” of Aioi Nissay Dowa Insurance Company Limited and its subsidiary, Aioi Nissay Dowa Insurance Company of America. A.M. Best also has affirmed the FSR of A- and the ICR of“ a-” of ADI’ s subsidiary, Aioi Nissay Dowa Insurance Company Limited.. A.M. Best acknowledges ADI receives…

A.M. Best Co. has affirmed the financial strength rating of A+ and the issuer credit rating of“ aa” of Mitsui Sumitomo Insurance Company, Limited. MSI’ s risk-adjusted capitalization is expected to remain at an adequate level for the current ratings, supported by its efforts to reduce risks in both the investment and underwriting portfolio, and the issuance of…

As stated in A.M. Best’s Press Release on May 18, 2012, “These rating actions reflect Builders’ strong risk-adjusted capitalization, historically profitable operating performance, favorable loss reserve development trends and established market presence providing workers’ compensation and general liability coverage, primarily to the home building…

Building upon a track record of breakthrough work that has created distinctive Northwest brands such as PEMCO and BECU, DNA Seattle announced today that it has signed five new clients, including Group Health Cooperative, Benaroya Research Institute, Trupanion, RDM Properties and Futures Without Violence.. Group Health Cooperative: Group Health is…

A.M. Best Co. has affirmed the financial strength ratings of A- and issuer credit ratings of“ a-” of the pooled and reinsured members of the Tower US Pool. Concurrently, A.M. Best has affirmed the ICR of“ bbb-” and debt rating of“ bbb-” on $142.5 million 5.00% senior convertible notes due 2014 of the parent company, Tower Group, Inc.. A.M. Best also has affirmed the FSR of A- and ICR…

Put simply, my fascination with the Cuban health system stems from the similarities of their system, and our system of Medicaid and Medicare, and how Cuba has succeeded at making sure that healthcare is a human right…