‘Read’ all about it
What you are about to read is a product of the clickable nature of the Web. You see, through a link from a link, I came across an interesting study that was released less than a month ago from the …
Technology is Your Slave, Not Your Master
The exhibit hall at the ACORD Technology Conference in Orlando last month would have made your head spin. On the one hand, technology is increasingly complex and sophisticated. On the other, it becomes easier when you keep the focus on …
Natural Disaster Reform Legislation Reaches a Turning Point
Nobody likes to lose their shirt, least of all insurers. So it’s no surprise that, following the huge losses caused by natural disasters in the past few years, insurers have bolted from the homeowners market, leaving behind a lack of …
Homeowner Policy Sales Make a Successful Online Debut
One of the most recent “firsts” in online insurance transactions is the opportunity for consumers to actually bind homeowners policies online. Homesite Insurance holds the distinction of being the first company to allow visitors to both obtain quotes and purchase …
AIG Realigns, Forms WorldSource Division
In his book, “The Lexus and the Olive Tree,” Pulitzer Prize-winning journalist Thomas L. Friedman defines globalization as “the inexorable integration of markets, nation-states and technologies to a degree never witnessed before-in a way that is enabling individuals, corporations and …
Quake Bills Could Create Shaky Ground for Insurers
On May 24, the California Senate passed SB 1899 despite opposition from industry groups. The bill, sponsored by Senator John Burton (D-San Francisco), has been referred to the Assembly Judiciary Committee for further consideration. The bill-which would likely take effect …
High-Stakes Hurricane Season Arrives
Residents along the East and Gulf Coasts and in the Caribbean Islands should brace for an above-average 2000 Atlantic hurricane season on par with last year’s season. Forecasters with both the National Oceanic and Atmospheric Administration and the Department of …
Vesta Upgraded
DCR upgraded the claims paying ability ratings of the Vesta Insurance Group (VTA) insurance subsidiaries from “BB+” to “BBB-,” moving the insurance ratings into the secure category. Other ratings that were upgraded include VTA’s senior debt (from “B+” to “BB-,”), …
State Farm Group Affirmed
The “AAA” counterparty credit and financial strength ratings on the members of the State Farm Group were affirmed by S&P. The outlook is stable.
Chubb Exec Risk Gets ‘Aa1’
Moody’s assigned “Aa1” insurance financial strength ratings to Executive Risk Indemnity Inc., Executive Risk Specialty Insurance Company and Quadrant Indemnity Company. The three Chubb Executive Risk Inc. companies are members of the Chubb Group of Companies intercompany reinsurance pool. The …
