Ted Pierce, executive director of the Surplus Line Association of California, released the association’s 2002 totals for processed surplus line premium showing a 104.5 percent increase over the 2001 premium total. The $3,563,159,626 in calendar year 2002 premium is attributed …
Insurance company failures declined 48.9 percent to 23 in 2002, from 45(1) in 2001, according to Weiss Ratings, Inc. Three life and health insurers and 20 property and casualty insurers failed in 2002, compared to six and 39 respective failures …
Wisconsin’s Office of the Commissioner of Insurance (OCI) announced the launch of a new Web page for small employers, designed “to help Wisconsinites with small businesses search for insurance.” “The cost and availability of insurance can be one of the …
A.M. Best Co. announced that it has assigned indicative ratings of “a” senior debt, “a-” subordinated debt, “a-” preferred securities and “bbb+” preferred stock, to Nationwide Financial Services, Inc.’s recently filed $1.5 billion shelf registration. The filing included $200 million …
Standard & Poor’s has just completed a review of the Italian insurance market, and announced that “the ratings outlook for the market is negative, reflecting an expected downward trend in insurer financial strength ratings over the coming year.” “Despite improvements …
Michigan’s Meadowbrook Insurance Group announced that its operating subsidiary, Meadowbrook, Inc. has entered into two new fee-for-service agreements with the Director of the Missouri Department of Insurance [MDI] in his capacity as Rehabilitator for Casualty Reciprocal Exchange and Equity Mutual …
The Financial Services Authority, the U.K.’s insurance regulator, has re-authorized ACE INA UK Limited (ACE INA UK), formerly known as Insurance Company of North America (UK) Limited, to underwrite all 18 classes of general insurance and reinsurance business. ACE INA …
Business Process Outsourcing company Xchanging announced the launch of the second phase of its ECR Service to review non-moving claims files for the Lloyd’s market for years of account 1993 onwards. A regular review of claim files will fulfill “an …
California’s Risk Management Solutions, Inc. (RMS), a global provider of products and services for catastrophe risk management, announced that overall losses from Windstorm Calvann, which swept through France and Germany on January 2, are expected to be approximately 900 million …
ABD Insurance and Financial Services, a provider of global risk management and employee benefits solutions, announced the addition of John W. Fradelizio to its Employee Benefits Services Group. As vice president and team leader, Fradelizio will be responsible for further …
