As renewal notices go out in the mail, insurance agents across Texas are answering calls from their policyholders, some of whom are facing rising homeowners and auto insurance rates. Texas law requires proof of financial responsibility for anyone who drives …
Agency principals and managers have a new tool available to assist in the process of hiring and managing producers. The product is entitled “Hiring and Managing Inexperienced ProducersTM,” written and produced by Alan Shulman, publisher of the Agency Ideas sales …
A.M. Best Co. affirmed the financial strength rating of “A-” of the Lloyd’s market with a stable outlook. Lloyd’s has a financial size category of XV. Lloyd’s excellent business profile, excellent capitalization and high standards of regulation influence the affirmation. …
A.M. Best Co. downgraded the financial strength rating of Zurich Financial Services (ZFS) and its core operating subsidiaries to “A” from “A+.” A.M. Best has also downgraded the ratings on debt issued or guaranteed by Zurich Insurance Company to “A” …
S&P Ratings Services said that it assigned its “A” rating to Hartford Financial Services Group Inc.’s (HIG) $300 million senior unsecured notes offering. The proceeds are a drawdown on an existing shelf registration and are expected to be used to …
A.M. Best Co. lowered the financial strength rating to “A-” from “A” of Royal & Sun Alliance Insurance Group plc (R&SA), United Kingdom, and its core subsidiaries. Concurrently, it downgraded the “BBB+” and “BBB” ratings of the group’s subordinated debt …
Standard & Poor’s Rating Services affirmed its “B+” counterparty credit rating on Acceptance Insurance Cos. Inc. (Acceptance). It also affirmed its ratings on AICI Capital Trust I and American Growers Insurance Co. (AGIC) and revised all outlooks to positive from …
Living in the nation’s energy capital, Houston, is never boring. During the oil and gas boom-times,the city is in perpetual motion and lawyers are running around doing deals. During the bust periods, the lawyers get busy fighting over all the …
Wells Publishing Inc., which has published Insurance Journal for 79 years, has added Claims Guides to its list of publications. Claims Guides, which will be published in 37 different regions across the country, will premier in Dec. 2002 with a …
As far as commercial property and casualty coverages are concerned, it goes without saying that individual companies require specific types of policies to most effectively address risks inherent to their industries. The biotechnology industry is no exception—on the contrary, it …
