The Property Casualty Insurers Association of America has issued a bulletin noting that a recent report, issued by the Maryland Insurance Administration (MIA) on the use of credit-based insurance scoring, found no basis for any conclusion that credit history is …
Bermuda-based IPC Holdings, Ltd. announced that Peter J.A. Cozens has been elected Senior Vice President of IPC Holdings, Ltd. and IPCRe Limited. He joined the Company at its inception in June 1993 as its London representative and transferred to Bermuda …
A.M. Best Co. announced that it has assigned a financial strength rating of “A-” (Excellent) to Taiwan’s Central Reinsurance Corporation with a stable outlook. “The rating reflects the company’s well-established local presence, liquid assets, consistently strong operating performance, as well …
Swiss-based reinsurer Converium boosted its net earnings by 73.3 percent last year to $185.1 million, compared to $106.8 million in 2002. Gross premiums written were up 19.5 percent to $4.2239 billion from $3.5358 billion in 2002, while the company’s combined …
Swiss Re announced that it has registered a seven percent increase in P/C premium growth following the latest round of renewals, occasioned by a “combination of further rate increases and portfolio growth.” “With average rate increases of 4% and portfolio …
The Hartford Financial Services Group, Inc. unveiled a “newly enhanced STEP SPICE policy endorsement,” which will augment coverages to its highly successful multi-line program for manufacturers, distributors, installers and repairers of specialized truck equipment (STEP). The announcement noted the following …
The New York-based Devlin Group, an investment firm organized by a group of prominent insurance industry executives, announced that FFS Holdings, Inc., an acquisition vehicle organized by it, has signed a definitive agreement to acquire Forethought Financial Services, Inc., the …
A bill currently under consideration in the Wyoming Legislature that would limit insurers’ use of loss history information could have unintended consequences for the state’s homeowners, according to a leading national insurance trade association. “Loss history reports on individual dwellings …
Insurance Skills Center will hold a two-day insurance conference for continuing education credits focusing on Farm and Agribusiness Insurance Risks, scheduled March 17-18, 2004 in Sacramento, California. The 17th Annual Agribusiness Conference is designed for broker/agents, CSRs, and company representatives …
A Toledo man has been sentenced to 30 days in jail for committing workers’ compensation fraud, according to the Ohio Bureau of Workers’ Compensation. William Douglas was sentenced to 30 days jail time, two years community control, court costs and …
