The “A” (Excellent) financial strength rating of Steamship Mutual Underwriting Association (Bermuda), Limited has been affirmed by A.M. Best Co. The rating action reflects the maintenance of the club’s leading position within the International Group and the P&I industry, strong …
The financial strength rating of The PHICO Group, Mechanicsburg, Pa., has been downgraded to “B” (Fair) from “B++” (Very Good) with a negative outlook by A.M. Best Co. This rating action applies to the group’s three pool members, led by …
HCC Insurance Holdings recently received affirmation of Standard & Poor’s “A” counterparty credit rating on HCC Insurance Holdings and “AA” counterparty credit and financial strength ratings on three subsidiaries of HCC: Houston Casualty Co., Avemco Insurance Co., and US Specialty …
A.M. Best Co. lowered the financial strength rating of the Ohio Casualty Group, Fairfield, Ohio, from “A” (Excellent) to “A-” (Excellent). The rating applies to the five pool members led by Ohio Casualty Insurance Company and a separately rated affiliate. …
The Texas Workers’ Compensation Insurance Fund (Texas Fund) announced plans to pay approximately $25 million in dividends to select policyholders for the third year in a row. The dividends will come as the company’s name changes to Texas Mutual Insurance …
Pulaski, Tenn.-based ratings technology company, Rackley Systems, added Travelers Insurance to their list of companies supported by commercial lines rating in the state of Texas. Operating within the newly introduced Rackley Systems for Windows Commercial Lines Rating, agents can receive …
Houston-based HCC Insurance Holdings Inc. has signed a letter of intent to acquire all of the outstanding shares of Marshall Rattner Inc., the parent company of Professional Indemnity Agency Inc. HCC said it will acquire Professional Indemnity Agency through a …
Fort Worth’s Internet-based insurance agency, InsureZone, announced the launch of BrokerSecure, a service designed to help regional agencies and national brokers handle small commercial books of business while leveraging the power of their own brands. The company said BrokerSecure allows …
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. …
The family of Richard Marks and Independent Insurance Agents of Houston (IIAH) have initiated The Richard Marks ISA Scholarship in conjunction with an IIAH training program called ISA (Insurance Service Associate). The ISA training program was developed to aid agents …
