Nevada Insurance Commissioner Alice A. Molasky-Arman has approved new rating rules for obstetricians and gynecological surgeons for Nevada Mutual Insurance Company (NMIC). The new rules result from Molasky-Arman’s determination that the prior rules used by several insurers were not supported …
A.M. Best Co. has assigned “bbb+” senior unsecured debt ratings to the $200 million 4.200 percent five-year notes and $300 million 4.875 percent seven-year notes issued by SAFECO Corporation. These securities were issued under SAFECO’s $775 million shelf registration previously …
Further burdening insurers with onerous state-specific privacy requirements will only hurt the California insurance market with no corresponding benefit to consumers, a representative of the Alliance of American Insurers (AAI) told a state legislative panel Wednesday. “There is no reason …
Recent and planned walkouts by surgeons protesting escalating malpractice insurance costs is gaining attention, however Fitch Ratings reports it is too early to tell what, if any, impact these walkouts may have on hospitals and whether walkouts will be more …
Chicago-based CNA Financial Corporation announced the sale of the renewal rights of its book of hull and liability insurance business for ocean-going vessels in both London and the United States to the Arch Insurance Group, a division of Arch Capital …
Chicago-based Hub International Limited announced that one of its major hub insurance brokerage facilities, Battle Creek, Michigan-based Burnham Insurance Group, Inc. (Burnham), purchased the stock of Alberts Insurance Agency, Inc. (Alberts) for an undisclosed amount of cash. Alberts, which is …
Sonnenschein Nath & Rosenthal announced the addition of five prominent lawyers to its Insurance Group, enhancing its national insurance regulatory, transactional and reinsurance practices and its insurance administrative litigation capabilities. Nathaniel Shapo, former Director of Insurance in Illinois, has joined …
Arch Insurance Group, a division of Arch Capital Group Ltd., announced the formation of a new $40 million facility for ‘A’ Side Directors and Officers liability insurance. The coverage will be offered in addition to Arch’s existing $25 million capacity …
Silverstein Properties Inc. reported Wednesday that the district judge presiding over its dispute with the insurers of the Twin Towers had granted its motion to compel Swiss Re and Allianz to produce notes of meetings held after Sept. 11, 2001 …
NCRIC, A Mutual Holding Company (NCRIC-MHC), based in Washington D.C. and NCRIC Group, Inc., a Delaware corporation, announced that their respective boards of directors have approved a plan of conversion and reorganization for NCRIC MHC which will “complete the transition …
