The New York State Insurance Department announced that the New York Property Insurance Underwriting Association (NYPIUA) has begun accepting application for insurance and issuing renewals. The law authorizing the NYPIUA expired last April, but recent legislation, contained in Senate Bill …
Aon Corp. announced the official opening of its new permanent offices in New York City, downtown at 199 Water St. and midtown at 55 E. 52nd St. The two new facilities will permanently replace those lost in the Sept. 11 …
The Everest Re Group, Ltd., a Bermuda holding company that operates Everest Reinsurance Company and other subsidiary companies, announced that it has filed a Form S-3 universal shelf registration statement with the Securities and Exchange Commission, covering the sale of …
Winterthur, the Insurance division of Credit Suisse, Tianan Insurance and the Shenzhen branch of Hong Kong’s Ming An Insurance Co. have reportedly been granted permission by Chinese regulatory authorities to offer foreign-currency property insurance and personal insurance policies, as well …
Standard & Poor’s Ratings Services announced that it has revised its public information-based counterparty credit and insurer financial strength ratings on Mannheimer Lebensversicherung AG to ‘R’ from ‘CCCpi,’ and noted that “an insurer rated ‘R’ is under regulatory supervision owing …
The Bermuda-based White Mountains Insurance Group, Ltd. announced that it has filed an unallocated universal shelf registration statement with the Securities and Exchange Commission to issue up to $2 billion of equity and debt securities in one or more offerings, …
The National Hurricane Center reported that Tropical Storm Bill is currently around 185 miles south of Morgan City Louisiana, and is moving north at around 14 mph. If it continues along its present path, Bill could make landfall later today. …
The Louisiana Rating Commission has approved higher premiums for a few insurers in the state, while also installing an annual fee charged to all insurance companies. The fee is expected to raise about $56.4 million in the next year. Here …
Outside directors of Columbus, Ohio-based State Automobile Mutual Insurance Co., constituted as a special committee to review takeover proposals advanced by investor Gregory M. Shepard of Bloomington, Ill., announced today their recommendation to the full State Auto Mutual board that …
A.M. Best Co. has downgraded the financial strength ratings to “A” (Excellent) from “A+” (Superior) of Overland Park, Kan.-based Employers Reinsurance Corp. and its affiliated domestic and international non-life and life reinsurance companies. Concurrently, A.M. Best has downgraded the debt …
