Federated Mutual News Today

AM Best has assigned a Financial Strength Rating of A and a Long-Term Issuer Credit Rating of“ a” to Federated Specialty Insurance Company. Concurrently, AM Best has affirmed the FSR of A+ and the Long-Term ICRs of“ aa-” of Federated Mutual Insurance Company and its main subsidiaries, Federated Service Insurance Company, Federated Reserve Insurance Company and...

Yandle CHICAGO – U.S. District Judge Staci Yandle acted prematurely when she relieved Federated Mutual Insurance of a duty to defend Coyle Supply Company of Granite City in a lawsuit, Seventh Circuit appellate judges ruled on Dec. 22.  Yandle broke local and federal rules, according to Circuit Judge Michael Kanne.  “Worse, the court’s errors deprived Coyle of its right to present material factual evidence bearing on the central issue in the case,” Kanne wro...