Back in the mid ’70s, Gail Murrell, Dennis Kristan and Fred Baumgarden-after an initial introduction via the telephone-met at Baumgarden’s house to kick around the idea of forming a Young Agents Committee (YAC). The three men concluded that young agents …
The beleaguered California Insurance Commissioner Chuck Quackenbush is the victim of a vicious smear campaign, his newly hired defense attorney is contending. At the May 23 Senate Insurance Committee Oversight hearing, Quackenbush stated: “I have become increasingly concerned that this …
Could it be that the California nonstandard auto market is hardening? Looking back to the beginning of the year, many companies lowered their personal auto rates in California in an effort to gain market share, but now-five months later-those companies …
Although the California Department of Insurance (CDI) is still tied up in the defense of its Insurance Commissioner, the sale of Superior National Insurance Co. remains a high priority item on the department’s “To Do” list. After the CDI seized …
S&P’s “A+” counterparty credit and financial strength ratings on 21st Century Insurance Group were affirmed. The group consists of 21st Century Insurance Co. and 21st Century Casualty Co.
The “A” counterparty credit and financial strength ratings on the group of companies known collectively as the Ohio Casualty Insurance Co. Intercompany Pool were placed on CreditWatch with negative implications by S&P. The companies are American Fire & Casualty Co., …
Duff & Phelps Credit Rating Co. (DCR) assigned an “AA-” claims paying ability rating to companies participating in the Liberty Mutual Insurance Company Intercompany Pool. The rating outlook is stable. Companies participating in the pool include Liberty Mutual Ins. Co., …
An “A+” rating was assigned to Allstate Corp’s $900 million in 7.875 percent senior notes by S&P. The notes are due in the year 2005. In addition, other S&P ratings on Allstate and the units of the Allstate Group were …
The counterparty credit and insurer financial strength ratings on Sirius International Insurance Corporation were upgraded by S&P from “A+” to “AA-.” The rating outlook is stable. Concurrently, S&P lowered the counterparty credit and insurer financial strength ratings on Kemper Europe …
Lloyd’s “A” rating and financial size category of XV were affirmed by A.M. Best. However, the rating continues to carry a negative outlook. While the rating is applicable to the business written by 122 active underwriting syndicates that have common …
