A.M. Best Co. has removed from under review with negative implications and downgraded the financial strength rating (FSR) to B (Fair) from B++ (Good) and the issuer credit rating (ICR) to “bb” from “bbb” of Standard Life Insurance Company of Indiana (Standard Life) (Indianapolis, IN). Both ratings have been assigned negative outlooks. Standard Life is [...]

AssuranceAmerica Corporation announced that John M. Mongelli has joined AssuranceAmerica Corporation as its Senior Vice President of Finance. John will also assume the role of Chief Financial Officer on August 16, following the filing of the company’s June 30, 2009 Quarterly Report. John was formerly the Vice President and Corporate Treasurer of ChoicePoint, Inc.
According [...]

Ameriana Bancorp, parent company for Ameriana Bank, announced that Ameriana Insurance Agency, a bank subsidiary, has completed a previously announced purchase of the book of business of the Chapin-Hayworth Insurance Agency Inc. Chapin-Hayworth is a multi-line property and casualty insurance agency located in New Castle.
Chapin-Hayworth Insurance agents Ruth Hayworth and Gail Byers and customer service [...]

Mercantile Bancorp, Inc. announced two of its wholly owned subsidiary banks were ranked in the American Bankers Association Journal among the top 100 U.S. community banks in return on average equity (ROAE) in 2008. Brown County State Bank, headquartered in Mt. Sterling, Ill., was ranked 12th nationwide in ROAE among non-subchapter S community banks and [...]

The nation’s fourth-largest privately held insurance firm, Keystone Insurers Group (KIG), has purchased an equity interest in East Coast Risk Management, LLC (ECRM), specialists in risk management services. The transaction, recently completed, will provide KIG-franchised locations with an expanded suite of services.
ECRM is headquartered in North Huntington, Pa. The firm will offer – exclusively to [...]

Eastern Insurance Holdings, Inc the “Company”) announced that its board of directors has authorized a $0.07 per share quarterly cash dividend on its issued and outstanding shares of common stock, payable June 26, 2009 to shareholders of record at the close of business on June 12, 2009.
EIHI is the parent company of Eastern Life and [...]

On March 10, the Amputee Coalition of America will have more than 150 amputees from across the country in Washington, D.C., urging Congress members to support fair insurance coverage for artificial arms and legs.
“Insurance companies are unrealistically limiting reimbursement of prosthetic arms and legs or summarily electing not to cover them at all,” said Kendra [...]

Thunderhead, recognized innovators in document automation and multi-channel communications solutions, today announced IBM’s enterprise content management (ECM) software group named Thunderhead its 2008 ISV Partner of the Year. A key IBM business partner, Thunderhead offers technology complementary to IBM’s ECM software. Thunderhead was recognized for its superior sales success and solution development, as well as [...]

Peak Performance Solutions, Inc. has signed with Fifth Third Bank to offer web-based check printing services to the Property & Casualty Industry as part of Peak’s insurance technology solutions.
Check and Form Printing Outsourcing through Peak Performance and Fifth Third Bank provides a cost-effective solution to transform and enhance your check/notice/disclosure/form printing and distribution process. By [...]

International Medical Group®, Inc. (IMG®), a worldwide leader in designing, distributing and administering global health care benefits, announces its new partnership with the web-based physician/patient communication company, eDocAmerica. The collaboration compliments IMG’s core principles of providing a full-service approach to offering international medical insurance products backed by superior customer service, and eDocAmerica’s mission to improve [...]