California Insurance Commissioner Harry Low applauded Gov. Gray Davis for signing Assembly Bill 2984, which will help the California Department of Insurance (CDI) to preserve California’s high licensing standards from federal preemption and will assist in the electronic filing of …
Standard & Poor’s Ratings Services affirmed its triple-‘B’-plus insurer financial strength and counter party credit ratings on Central Reinsurance Corp. (Central Re). The outlook on the counter party credit rating is stable. The ratings reflect the company’s strong market position, …
Demand to put new capital into Lloyd’s of London is triggering one of the London- based insurance market’s most significant periods of mid-year growth. Speaking in Canada last weekend, Lloyd’s Director of Worldwide Markets, Julian James, told an audience of …
A group of German insurance companies accused of having fixed prices for industrial insurance policies are denying those allegations, according to the Financial Times Information service. German prosecutors raided the offices of 13 German insurance companies, including those of Allianz, …
The Insurance Committee for Arson Control, a non-profit insurance industry organization dedicated to arson control, has created a news/investigation resources electronic newsletter—the ICAC Arson Update. Its first edition is available for review at the organization’s Web site www.arsoncontrol.org and interested …
An executive with a leading commercial insurer is urging information technology departments to share information regarding attacks on corporate Web sites and computer networks with risk managers and insurers. Without knowing the full extent and nature of these attacks, he …
A.M. Best Co. has affirmed the financial strength rating of A (Excellent) of the insurance subsidiaries of OneBeacon Insurance Group, Boston. A.M. Best also affirmed the indicative shelf registration ratings for Fund American Companies Inc. These affirmations follow the completion …
A.M. Best Co. has placed the financial strength ratings of B+ (Very Good) for two separately rated subsidiaries of State Farm Mutual Automobile Insurance Company, State Farm General Insurance Company (Bloomington, Ill.), and State Farm Lloyds (Dallas, Texas), under review …
