A.M. Best Co. announced that it has affirmed the A+(Superior) financial strength rating of Italy’s Assicurazioni Generali S.p.A., and assigned a negative outlook. It also announced that it has affirmed Generali’s senior debt at “aa-” and subordinated debt at “a+” …
Munich Re, the world’s biggest reinsurer, managed to avoid the falling equity values and rising reserve costs that bedeviled many insurers last year. On Thursday the company reported provisional figures showing Group premium growth of 10.8% to 40 billion Euros …
A Michigan bill that would place onerous restrictions on insurers ability to prescribe auto repair shops and use aftermarket parts would increase claims costs, ultimately hurting consumers, according to the Alliance of American Insurers, which represents 340 property/casualty insurers. HB …
Via their Web site, Dwyer & Associates can now offer retail agents the opportunity to input their client’s information online and instantly receive a quotation via e-mail for D&O (for profit entities), EPLI, Fiduciary and Crime. Policy limits are $1,000,000 …
California’s Workers’ Compensation Insurance Rating Bureau (WCIRB) Governing Committee approved the filing of a 10.6 percent increase in advisory pure premium rates March 26. The rates are to be effective on policies incepting on or after July 1, 2003. The …
Sen. John Sununu (R-N.H.) will be among the prominent speakers addressing more than 800 independent agents and brokers during the 27th Annual National Legislative Conference of the Independent Insurance Agents & Brokers of America (IIABA) next week. Sununu will speak …
Standard & Poor’s has lowered its counterparty credit and financial strength ratings on the members of the Kemper Insurance Cos. Intercompany Pool (Kemper pool) to ‘B-‘ from ‘B+’. In addition, Standard & Poor’s lowered its rating on Lumbermens Mutual Casualty …
Fireman’s Fund Insurance Company (FFIC) and Rural Community Insurance Company (RCIC), a subsidiary of Wells Fargo & Company, have announced plans to form a business relationship to administer and reinsure crop insurance nationally. Completion of this relationship is subject to …
Carol Ann Middleton Hammes passed away Feb. 22 in Littleton, Colo. at age 54. Hammes was the founder of the Middleton Group Inc., an insurance consulting firm with offices in Colorado and Illinois. Hammes, editor of The Middleton Letter, was …
California’s Workers’ Compensation Insurance Rating Bureau (WCIRB) Governing Committee approved the filing of a 10.6 percent increase in advisory pure premium rates March 26. The rates are to be effective on policies incepting on or after July 1, 2003. The …
