A.M. Best has affirmed the financial strength rating of A (Excellent) for Harleysville Insurance, Harleysville, Pennsylvania and the “a-” debt rating for Harleysville Group Inc.’s existing senior notes. The rating agency also announced that it had raised the ratings of …
A new study by the Insurance Research Council (IRC) has concluded that a 20 percent increase in claims costs in the New York metropolitan area is primarily due to widespread fraud targeting the state’s no-fault insurance program, and predicted that …
The managing general agent (MGA) has long been a part of the insurance sales process—but still remains a mystery to many insurance professionals. A working knowledge of MGAs will lead to a beneficial and profitable partnership. Many insurance carriers choose …
Standard & Poor’s affirmed its “AA” longterm counterparty credit rating and insurer FSR on the operating entities of Paris-based global insurance group AXA, as well as its “A+” longterm counterparty credit ratings on AXA and AXA Financial Inc., the French …
A.M. Best Co. affirmed the “A+” financial strength rating (FSR) for Capitol Transamerica Group, Madison, Wis., following Alleghany Corp.’s acquisition of the company. The rating reflects Capitol Transamerica’s superior level of capitalization, solid liquidity and outstanding operating leverage. In addition, …
The managing general agent (MGA) has long been a part of the insurance sales process—but still remains a mystery to many insurance professionals. A working knowledge of MGAs will lead to a beneficial and profitable partnership. Many insurance carriers choose …
Early in 2000, insurance prices started doing something they had not done in almost 15 years. They began to increase, and they kept growing at a modest pace into the third quarter of 2001, when the events of September 11 …
A.M. Best Co. has affirmed the “A” (Excellent) rating of ING Comercial America Seguros and its wholly owned surety subsidiary ING Comercial America Fianzas—formerly Seguros Comercial America S.A. and Fianzas Comercial America respectively, Mexico. The “under review” status of the …
Standard & Poor’s today affirmed its “AA” long-term counterparty credit and insurer financial strength ratings on the operating entities of Paris-based global insurance group AXA, as well as its “A+” long-term counterparty credit ratings on AXA and AXA Financial Inc., …
A.M. Best Co. affirmed the financial strength ratings of the property/casualty and life/health affiliates of The Allstate Corporation. In addition, A.M. Best assigned an “a+” senior debt rating to The Allstate Corporation’s $550 million, 5.375 percent five-year notes in line …
