Standard & Poor’s Ratings Services said that it revised its counterparty credit and financial strength ratings on Western Growers Insurance Co. to ‘R’ from ‘CCCpi’. “The ratings were revised after learning that the Orange County Superior Court of California signed …
Travelers Property Casualty Corp. reported a net loss for the fourth quarter of $793.4 million or $0.79 per share, basic and diluted, compared to net income of $303.3 million or $0.39 per share in the prior year quarter. The net …
Rackley Systems, Inc. and AMS Services, Inc. announced an integration between Rackley for Windows® Personal Lines rating and all AMS strategic management systems; AfW (versions 4.5 and above), AfW Online, Prime, Sagitta and Sagitta Online. The integrations allow users to …
The Kemper Insurance Companies has reached a definitive agreement to sell the renewal rights to its bundled large risk national accounts to Argonaut Insurance Company, a member of Argonaut Group, Inc., a national underwriter of specialty insurance products in niche …
Penn-America Group, Inc. reported that its fourth quarter operating income increased 41.7 percent to $2.9 million or $0.24 per share (basic and diluted), compared with operating income of $2.1 million or $0.18 per share (basic and diluted) for the fourth …
Zurich American Insurance Company (ZAIC) has given additional details, and clarified the company’s position, on the recently filed lawsuit against Larry Silverstein and other entities in a dispute related to the destruction of the World Trade Center. (See IJ Website …
A.M. Best Co. has affirmed the group financial strength rating of A+ (Superior) of Bermuda-based PartnerRe Group and its core subsidiaries, Partner Reinsurance Company Ltd. (Bermuda), Partner Reinsurance Company of the U.S., PartnerRe Insurance Company of New York and PartnerRe …
Denis Kessler, who recently took over as the head of France’s SCOR Group, revealed additional measures to implement his “Back on track Plan” for the company at yesterday’s Board of Directors meeting. Among the measures approved by the Board were …
The California Workers’ Compensation Insurance Rating Bureau (WCIRB) has prepared and released a summary of loss cost estimates for 11 states and the District of Columbia that were published by the NCCI based on the terrorism model developed by EQECAT, …
A Montana House bill that would restrain judges from issuing protective orders on private information evokes privacy concerns, compromises parties’ abilities to reach freely negotiated settlements, and increases the burden on taxpayers and litigants. “Discovery materials frequently contain sensitive private …
