Standard & Poor’s Ratings Services announced that it has affirmed its ‘A+’ counterparty credit, ‘A+’ senior debt, and ‘A-‘ preferred stock ratings on XL Capital Ltd. (XLC), “based on the strong diversified earnings, conservative business model supported by its profit-oriented …
Baltimore Technologies, a leading global e-security provider, announced that Hewlett Packard has chosen its “Baltimore SelectAccess (TM)” system to provide web access control and on-line security and authorization for Kinnect, the new Lloyd’s sponsored risk data processing platform for brokers …
Standard & Poor’s Ratings Services has issued a report based on its analysis of 34 “debt-issuing insurers,” which concludes that “despite signs of greater stability in the European insurance sector, credit quality remains pressured and rating downgrades are expected to …
The Kansas Insurance Department has established a temporary office in Liberal, Kan., to help storm and tornado victims with insurance-related inquiries, according to a statement. Insurance Commissioner Sandy Praeger announced today that a provisional office is now open at the …
Des Plaines, Ill.-based NAT Inc., an insurance software provider, has joined ACORD to help develop technology standards for the insurance industry and retailers of insurance products in the automotive, consumer retail and home warranty sectors. ACORD — the Association for …
Missouri-based Duck Creek Technologies Inc. announced the immediate availability of Example TransAct, the latest addition to its Example Platform product suite. TransAct further extends the product life-cycle management capabilities of Duck Creek’s Microsoft-based platform by offering Web-enabled policy administration for …
Alan D. Brannan has been named the new president of personal lines underwriting at Columbus, Ohio-based Grange Insurance following a thorough countrywide search. He most recently served as president and chief operating officer for the Massachusetts personal lines division of …
Chicago-based Aon Corp. announced that D. Cameron Findlay, 43, currently the U.S. Deputy Secretary of Labor, will join the company as executive vice president and general counsel Aug. 1. Findlay will succeed Raymond I. Skilling, who earlier this year announced …
U.S. insurers have taken another hit these past few weeks as tornado season continues to wreak havoc on the nation. The tornadoes, which swept across parts of the U.S. from May 2-11, have the potential to be the costliest in …
Nineteen California auto repair shops were busted by the Department of Insurance last week for allegedly providing fraudulent written repair estimates for vehicles that had no visible damage, according to the Associated Press. Insurance Commissioner John Garamendi said several arrests …
