A.M. Best Co. affirmed the FSR of “A” for The Nissan Fire and Marine Insurance Company Ltd., Tokyo, and its U.S. branch in New York. The company has been assigned a financial size category of “XIV.” The rating reflects Nissan …
Standard & Poor’s (S&P) affirmed its “AA” counterparty credit rating FSR on Attorney’s Liability Assurance Society (Bermuda) Ltd. and Attorney’s Liability Assurance Society Inc. Risk Retention Group (collectively known as ALAS). The outlook is revised to stable from negative. The …
San Francisco-based Majestic Insurance Co., a California-based workers’ compensation carrier, has been assigned a rating of “A-” and a financial size category of “V” by A.M. Best. The rating reflects Majestic’s stable operating results and expertise, according to A.M. Best. …
A.M. Best Co. assigned an “A-” financial strength rating (FSR) to Nonprofits’ Insurance Alliance of California (NIAC) and “B++” ratings to Alliance of Nonprofits for Insurance, Risk Retention Group (ANI-RRG), Vermont, and National Alliance of Nonprofits (NANI), Vermont. All companies …
According to an AP Online report, insurers are paying out claims to a growing number of medical marijuana users whose backyard pot plants were stolen by thieves or confiscated by police. The payouts are not based on the street value …
The St. Paul Companies finalized a definitive agreement to purchase London Guarantee Insurance Company for $80 million. The transaction is expected to close within three to five months, after regulatory approval has been received. London Guarantee, headquartered in Toronto, is …
Advantage Workers’ Compensation Insurance Company of Salt Lake City was named the underwriting partner of Boise-based WorkCare NorthWest, a partnership expected to make Advantage Insurance one of the largest workers’ compensation insurers in Idaho by July 2002. Advantage Insurance, which …
On behalf of the nation’s insurance commissioners, NAIC President and Kansas Insurance Commissioner Kathleen Sebelius is urging Congress to remove a provision from HR 1408, the Financial Services Antifraud Network Act of 2001, that gives the General Accounting Office (GAO) …
Overall, the industry reported a 6.6 percent increase in direct premiums for homeowners multiperil insurance from 1999 to 2000, according to a new A.M. Best Statistical Study. The top 10 writers of homeowners multiperil stayed the same during this period. …
Accord-ing to the Insurance Institute for Highway Safety, automakers are marketing new midsize SUV models for 2001 and 2002, but most of these vehicles aren’t being equipped with bumpers that resist damage in the kinds of impacts that routinely occur …
