Stillwater is suing Travelers for allegedly refusing to cover defense costs for additional insureds, including Meta, in a New York construction injury claim. The dispute centers on Travelers' denial of primary defense responsibilities under the policy. The case involves a project linked to Meta in New York City.
Consumer Watchdog blocks Stillwater Insurance Company’s proposed 12.4% rate hike for homeowners insurance in California. The settlement preserves savings of $13 million for over 73,000 policyholders by rejecting the insurer’s filing with state regulators. The agreement follows a legal challenge to the rate increase application.
Stillwater Insurance Company receives a downgraded financial strength rating (FSR) of **B++** from **A-** by AM Best. The downgrade follows a reported decline in the company’s net underwriting results, as cited by the rating agency. AM Best attributes the change to ongoing deterioration in Stillwater’s financial performance.
Stillwater Insurance Group receives a downgrade from AM Best, prompting President and CEO Mark Davey to address agency partners. The company acknowledges the rating change while maintaining operational focus. No further details on the downgrade’s specifics or financial impact are provided in the statement.
Apr 2025Coverager - Insurance news and insightsNews article