S&P’s affirmed its “AA-” counterparty credit and financial strength ratings on Employers Reinsurance Corp. (www.ge.com) and its wholly owned subsidiaries. Also affirmed were the “A” counterparty credit and senior debt ratings on GE Global Insurance Holding Corp., the parent company …
S&P’s Ratings Services placed on CreditWatch with negative implications its “A+/A-1” counterparty credit and senior debt ratings on New Jersey-based The Chubb Corp. following Chubb’s announcement concerning several unexpected incremental fourth-quarter 2002 charges for the strengthening of reserves for asbestos …
A.M. Best Co. has assigned a financial strength rating of “A” (excellent) to Infinity Property and Casualty Group, the core auto subsidiaries of Infinity Property and Casualty Corp (IPCC). IPCC was created through a spin-off of American Financial Group Inc.’s …
S&P’s affirmed its “A” long-term insurer financial strength rating on U.K.-based Lloyd’s insurance market. The “continuing commitment of capital providers to the Market and the consequent increase in capacity and funds at Lloyd’s for 2003,” were factors in the ratings …
Standard & Poor’s Ratings Services placed its “BB+” counterparty credit and financial strength ratings on the members of the Kemper Insurance Cos. Intercompany Pool on CreditWatch with negative implications because Kemper will reportedly be significantly challenged to meet S&P’s expectations …
A flex-rating bill introduced in Nevada would foster competition and modernize rate regulation in the state, according to the National Association of Independent Insurers (NAII). Senate Bill 12 would create a flex-rating system, allowing an insurer to make average rate …
The Mt. Diablo Chapter CPCU and the Insurance Industry Charitable Fund-Child Abuse Prevention Program (IICF-CAPP) are presenting their Fourth Annual Insurance Educational Forum “Insuring the Future” for the benefit of IICF-CAPP at the Dean Lesher Regional Center for the Arts …
“Insuring America” I-Day comes to the Sheraton Universal on Tuesday, March 25. The annual I-Day event for the San Fernando Valley, Los Angeles, and Burbank, Glendale and Pasadena Associations of the Independent Insurance Agents and Brokers, will have two concurrent …
Calif. Commissioner John Garamendi announced he is not appealing the Board of Equalization’s unanimous decision that overturned former Commissioner Low’s determination that the gross premium tax applies to workers’ compensation deductible reimbursements. “In the unlikely event we were able to …
New state laws concerning workers’ compensation and automobile insurance make up the majority of the property/casualty-related insurance laws enacted by state legislatures last year, according to an analysis of trends in new state insurance legislation published by the National Association …
