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Terms for purchasing the firm, which will serve as a shell company allowing Max to extend admitted operations into all 50 states, were not announced. Max is the U.S. excess and surplus lines unit of M

A.M. Best Co. has placed the financial strength rating of Berkeley Heights, N.J.-based Palisades Group under review with negative implications after the company announced it planned a $70 million acqu

Five individuals with a South Florida company that provided workers' compensation insurance services to businesses have been hit with a civil complaint by the Securities and Exchange Commission allegi

The Risk and Insurance Management Society (RIMS) said it supports Standard & Poor's adoption of an enterprise risk management framework as a component of its ratings reviews for companies, but its eva

Oldwick, N.J.-based Best said action on the Chicago-headquartered Echelon's "B-minus (Fair)" financial strength rating follows the announcement that Lockhart Insurance Group of St. Thomas, Virgin Isla

A committee of the Florida Legislature today heard testimony that a major weather event could mean severe difficulties for the state's Hurricane Catastrophe Fund, which support's the state insura