Standard & Poor’s Ratings Services announced that it has affirmed its ‘A’ long-term counterparty credit and insurer financial strength ratings on Switzerland-based Winterthur Swiss Insurance Co, with a “negative” outlook. S&P explained that Winterthur Swiss is the holding company for …
Germany’s Gerling Group announced that the Hessen Higher Administrative Court in Kassel has dismissed an appeal by BaFin, the German financial supervisory authority, from an earlier decision by the Frankfurt Administrative Court, which rejected BaFin’s efforts to block the sale …
Wausau Insurance announced the beginning of a marketing campaign designed to “effectively illustrate the positive impact the insurer can have on policyholders’ total cost of risk and ultimately their bottom line,” according to a statement. Wausau TotalValue is designed the …
St. Louis, Mo.-based E&S wholesale broker International Placement Services Inc. (IPSI) has added four people to its home office. Kelly S. Miller joins the firm as a broker in the commercial special risk unit. Kelly graduated from St. Louis University …
Workers’ compensation costs per claim in Illinois were among the highest of the states analyzed in a new study and continuing to rise, according to the Workers Compensation Research Institute (WCRI). The study of 12 states, representing 50 percent of …
AGO Insurance Software, Inc. has signed an agreement with Eastern Alliance Insurance Group. EAI currently writes workers’ compensation policies in the state of Pennsylvania and will be utilizing AGO’s Gateway Version of the Workers Comp System. EAI has licensed AGO’s …
A.M. Best Co. has assigned an initial financial strength rating of B++ (Very Good) to Oriental Fire and Marine Insurance Company Ltd (OFMI), South Korea. The outlook is stable. The rating reflects OFMI’s strong market position in the commercial lines …
London American has unveiled a new Small Restaurant program for California. Written on a non-admitted basis with an A XV insurer, the new program will target independently-owned small restaurants, fast food restaurants, and refreshment stands. The exclusive program is underwritten …
The National Conference of Insurance Legislators (NCOIL) leadership said before the Executive Committee of the National Association of Insurance Commissioners (NAIC) that after more than four years of examination, NCOIL has concluded that a model law for market conduct reform …
Herbert H. Landy Insurance Agency of Needham, Mass., has forged a business relationship with General Star Management Company to provide Errors & Omissions Insurance for Real Estate and Accounting professionals through General Star Management Company a wholly owned subsidiary of …
