Calif.-based Golden Bear Insurance Company was recently assigned a “B+” (Very good) rating by A.M. Best. The rating reflects the company’s profitable operating results, relatively strong liquidity position and adequate capitalization. These factors are supported by Golden Bear’s operating profitability …
Workers Compensation Fund (WCF) will host 10 safety seminars for Utah employers in September. Most seminars are free to WCF policyholders. Only the OSHA 10-Hr General Industry seminar has an associated cost of $35 for materials. Non-WCF policyholders may also …
Bermuda’s PXRE Group Ltd. announced that James F. Dore the Company’s Executive VP, Treasurer and Chief Financial Officer, will retire at the end of September 2002. He’ll be succeeded by John Modin, former CFO of Enterprise Reinsurance Holdings Corporation. Dore …
Many analysts expect that the floods in Eastern Europe could end up costing the continent’s insurers as much as $3 billion, but two leading reinsurers, Hannover Re and Converium, both issued statements yesterday indicating that their expected losses would be …
Travelers Property Casualty Corp. announced that Citigroup has completed the spin-off of Travelers Property Casualty by distributing 219,050,000 shares of Travelers class A common stock and 450,050,000 shares of Travelers class B common stock, owned by Citigroup. As a result …
A new study from Conning Research & Consulting, Inc. of state health insurance regulation has revealed a hidden crisis adding to the cost of health insurance and increasing the number of uninsured individuals. Further, it indicates that the lack of …
The American Association of Insurance Services is launching a new service of Web-based seminars with an Aug. 28 presentation on AAIS commercial liability endorsements that address mold and construction defects. For the inaugural seminar, professionals will be able to see …
A New York court ruled Aug. 19 that Larry Silverstein, the leaseholder of the World Trade Center, and his insurers should appoint independent appraisers who should make an attempt to come to an agreement on the value of the destroyed …
Maryland Insurance Commissioner Steven Larsen announced the issuance of a bulletin affecting the implementation of a new state law, HB 521, that bans insurers from using credit scoring to rate and underwrite homeowners and auto policies. According to the American …
Atlantic Mutual Companies, a New York-based mutual insurance company providing commercial and personal coverages through independent agents and brokers, announced unaudited statutory financial results for the second quarter and first six months of 2002. Statutory operating results, before realized gains …
