The Texas Workers’ Compensation Commission moved its Austin Field Office to a new location. The office began operating from 4616 West Howard Lane, Suite 130, Austin, Texas 78728, MS-301 on Oct. 28. The Austin Field Office serves Bastrop, Blanco, Burnet, …
Retail agents know where to turn when they have a specialized need, a difficult coverage to place, or any kind of excess or surplus line of business: the managing general agent. Due to the broad range of coverage options and …
For the past several months, Insurance Journal readers have viewed articles discussing Demotech’s Financial Stability Ratings®. This article presents additional information on the origin of those ratings. Prior to 1989 smaller, regional insurance companies were not rated by a nationally …
Workers’ compensation, affected both by the capacity shortage across commercial lines after Sept. 11 and ever-increasing health insurance costs, remains an extremely difficult cover to place, and is likely to stay that way for some time. Major insurers still active …
Be prepared.” Personal lines agents would do well to take that time-tested Scout motto to heart during these troubled times in the Texas homeowners market. Already inundated with calls from folks who are having a hard time finding coverage for …
Be prepared.” Personal lines agents would do well to take that time-tested Scout motto to heart during these troubled times in the Texas homeowners market. Already inundated with calls from folks who are having a hard time finding coverage for …
Recently, the White House unveiled the National Plan to Secure Cyberspace, an initiative urging insurers and companies to assess and manage exposures to cyber risk. Among other things, the plan calls for developing new best practices and standards for this …
Standard & Poor’s Ratings Services placed its “AA+” counterparty credit and financial strength ratings on Employers Reinsurance Corp. and its wholly owned subsidiaries (collectively referred to as ERC) on CreditWatch with negative implications following parent General Electric Co.’s announcement that …
Standard & Poor’s Ratings Services revised its long-term ratings outlook on Warren, N.J.-based Chubb Corp. and on Chubb’s operating insurance companies (financial strength “AA+”) to negative from stable. The downgrading of the outlook reflects concerns about departures in senior management …
Moody’s Investors Service affirmed the “Ba1” rating of Atlantic Mutual’s Insurance Company’s surplus notes, as well as the “Baa1” financial strength rating of its pooled insurance entities. The ratings reflect the company’s stable market position in select commercial lines markets …
