Citing its privately held parent company’s “lack of financial flexibility,” A.M. Best has downgraded the ratings of Wayne, Pa.-based Regis Insurance Co.  Read Story

U.S. life insurance application activity shows slight decrease in 2009

U.S. life insurance application activity was flat for the year, with gains since August 2009 eclipsing the recession-based declines of prior months, according to a monthly analysis.  Read Story

Virginia-based auto insurer gets reinsurance aid from parent company

Admiral Group, the parent company of Glen Allen, Va.-based Elephant Insurance, has announced new reinsurance contracts to help expand its new auto insurance operation in the United States.  Read Story

Paulson Investment adds New York wealth management firm to team

Paulson Investment Co., a wholly owned subsidiary of Portland, Ore.-based Paulson Capital Corp., recently announced that it has added Acumen Investment Services as its newest national affiliate.   Read Story

Insurance Day on Hill planned for Feb. 10-11

The 2010 Insurance Day on the Hill will be held in Richmond Feb. 10 and 11. The annual event is a joint legislative program hosted by the Independent Insurance Agents of Virginia, the Virginia Council of the National Association of Insurance Women, the Virginia Association of Insurance and Financial Advisors (NAIFA-Virginia) and the Greater Richmond CPCU Society.  Read Story

Lawmakers are making allegations that Federal Reserve Chairman Ben Bernanke’s $182 billion bailout of AIG was s backdoor bailout of Goldman Sachs and other banks.

Bernanke is defending his actions and ...  Read →  Read Story

In a victory speech after his Democrat opponent conceded, Republican Senator-elect Scott Brown said that the voters of Massachusetts spoke for the rest of America in its repudiation of Congress’s ...  Read →  Read Story

If it wasn’t so serious, it would almost be laughable.

While voting today in the special U.S. Senate election in Massachusetts that pits her against Republican Scott Brown, Democrat Martha Coakley ...  Read →  Read Story

Berkshire Hathaway unit strikes reinsurance deal with Swiss Re

A unit of Berkshire Hathaway has struck a $1.3 billion deal with Swiss Re for a block of the company’s individual life reinsurance business where it will receive premiums, but also be liable for up to $1.5 billion in claims.  Read Story

Hanover Insurance Group acquires Vienna-based specialty insurer

The Hanover Insurance Group has acquired a Vienna, Va.-based specialty insurance provider in what it calls “a significant commitment toward broadening our professional lines portfolio.”  Read Story