A.M. Best Co. has assigned an initial financial strength rating of A- (Excellent) to Singapore Reinsurance Corporation Ltd., with a “stable” outlook. “The current rating reflects the company’s superior financial strength, resilient earnings profile and well-established presence in the Singapore …
Kentucky Department of Insurance (DOI) Commissioner Janie A. Miller announced a series of recommendations to address the medical malpractice insurance market in Kentucky. The recommendations were developed after months of study, input from affected parties and a review of testimony …
American Underwriting Managers announced that Roger L. Herron has joined the company in its Southlake, Texas office as director of Underwriting. Ken Boyd, president of AUM, pointed out that Herron’s addition has been well received by both their agency producer …
The Combined Agents of America LLC (CAA), a closed managing general agency based in Austin, Texas, announced the Hanover Insurance Company has signed a master contract with all 28 CAA member agencies through which they can offer a wide range …
The American Insurance Association (AIA) welcomed former Speaker of the House Doug Dean as commissioner of the Colorado Department of Insurance. “AIA and its member companies look forward to working with Speaker Dean in his new role as insurance commissioner,” …
SAFECO introduced XML-based technology that allows insurance agents to quote and issue small business policies online in minutes. Called ESP(TM), SAFECO’s e-business system cuts days off the traditional insurance industry underwriting process. The first product distributed via ESP is SAFECO’s …
California Insurance Wholesalers Association (CIWA) is hosting their 8th Annual Wholesaler Industry Day Jan. 10 & 11 at the Hilton La Jolla Torrey Pines in La Jolla, Calif. This event is attended by Calif.-based managing general agencies and excess & …
Calif. Insurance Commissioner John Garamendi recently delivered his inaugural speech on Jan. 6, 2003, as he took the Oath of Office in a ceremony at the Assembly Chambers California Capitol Building. The following is the text of Commissioner Garamendi’s speech, …
GUARD Insurance Group, a Wilkes-Barre, Pa.-based workers’ compensation insurer, announced that A.M. Best upgraded the ratings of it and its subsidiaries, AmGUARD, EastGUARD, and NorGUARD, to “A-” in December 2002. A.M. Best attributed the upgrade to the company’s strong capitalization, …
Fitch Ratings has downgraded the insurer financial strength ratings of three primary insurance underwriters of the Kemper Insurance Companies (KIC) to ‘B+’ from ‘BBB’. Additionally, Fitch has downgraded the surplus notes issued by group member Lumbermens Mutual Casualty Company (Lumbermens) …
