Kevin McDonald, President and CEO of Arrowhead Claims Management, based in San Diego, announced today the acquisition of Pacific Claims Service and the retention of its partners, Dan Price and Dave Gwin, both of San Diego. Arrowhead Claims Management is …
Welcome to the reprise of a column that first appeared in the Insurance Journal in the 1950s. “On The Street” was a column written by my father that kept Insurance Journal readers apprised of the latest trends and events going …
A.M. Best Co. assigned a Best’s Syndicate Rating of “A” (excellent) to Lloyd’s Syndicate 2001, which is managed by Amlin Underwriting Ltd. The outlook is stable. The rating reflects the syndicate’s excellent profile and prospective financial performance, in addition to …
Fitch Ratings affirmed the “BBB+” long-term issuer ratings of American Financial Group Inc. (AFG) and its subsidiaries American Premier Underwriters Inc. and Great American Financial Resources Inc. (GAFR). The affirmation affects $815 million worth of specific debt issuance by the …
As you have no doubt heard by now, this hard market is not just longer; it is fundamentally different. It is by all reports the most moderate in memory, characterized by fewer and less dramatic disruptions of normal market mechanisms. …
Marine insurance suffered its worst year on record in 2002, and while 2003 showed some minor improvement, it too suffered more that its fair share of catastrophes. The most notable of catastrophes in the marine marketplace for 2003 included an …
An old adage states, “If you keep doing what you’ve done, you keep getting what you got.” As a matter of fact, the true definition of insanity is to continue to do the same thing over and over again and …
Education benefits the next generation of insurance consumers. During my 34-year tenure in the insurance industry, I cannot count the number of times I’ve heard, “Don’t they understand?” It’s often a rhetorical question, uttered during discussions among insurance professionals, and …
A judge invalidated a California state law that would have allowed discounts for longtime auto insurance customers who switch insurers, according to the Associated Press. Superior Court Judge Dzintra Janavs sided with consumer groups and the California Insurance Commissioner, who …
