The California Workers’ Compensation Insurance Rating Bureau (WCIRB) has prepared and released a summary of loss cost estimates for eleven states and the District of Columbia that were published by the NCCI based on the terrorism model developed by EQECAT, …
Employees from New Jersey’s MIIX Advantage™, the newly reorganized operating entity of New Jersey State Medical Underwriters, Inc., one of the state’s principal medical liability insurers, were active in a number of charitable causes over the holidays. “Throughout the recent …
The Hartford Financial Services Group announced that it’s now offering a program called “Complex Claim Advice,” to employers who self-insure their short-term disability plans and face “a growing number of challenges related to the cost and administration of the plans.” …
The National Association of Independent Insurers has issued a bulletin supporting a new Bill (S.B. 632), introduced by New York State Senators William J. Larkin (R, 39th district) and James L. Steward (R, 51st district), designed to reintroduce 7 percent …
Zurich North America and Zurich London Limited, two of the main operating companies of the Swiss-based Zurich Financial Services Group (ZFS) announced that Fredrik Murer has joined the Zurich Emerging Markets group as a senior political risk underwriter. “Murer will …
Standard & Poor’s announced that it has revised its outlook for rated Austrian insurers to stable from negative, indicating that insurer financial strength ratings are more likely to remain the same than to be lowered or raised. “Although negative rating …
The Insurance Council of Australia (ICA) has now estimated that insured losses from the bushfires that have devastated the area surrounding Canberra, the capital city, (See IJ Website Jan 20) may reach A$150 (U.S. $88.9 million), an increase of almost …
Standard & Poor’s issued a bulletin confirming that the primary insurance entities of Germany’s Gerling insurance group “remain on CreditWatch following further discussions with the group’s executive management.” The ‘A-‘ long-term counterparty credit and insurer financial strength ratings on both …
Barney & Barney LLC, a San Diego-based privately owned risk and insurance services firm, announced it has expanded its Executive Risk Practice with the addition of John D. Neidernhofer. “The addition of Niedernhofer enhances the capabilities we currently offer our …
Standard & Poor’s has lowered its counterparty credit and financial strength ratings on Iowa-based Farm Bureau Mutual Insurance Co. (Farm Bureau) and Western Agricultural Insurance Co. (Western Agricultural) to ‘BBBpi’ from ‘Api’. “The rating action is based on the companies’ …
