Fitch Ratings affirmed the “AA-” insurer financial strength rating on the Safeco property and casualty group. In addition, Fitch affirmed “A-” long-term and senior debt ratings on Safeco Corp. and the “BBB+” rating on Safeco Capital Trust I’s (Safeco Capital) …
Joseph F. Mangan Joseph F. Mangan, a widely-respected author and editor of many insurance industry publications, passed away on Nov. 4, 2004. Mangan served as a frequent contributing writer to Insurance Journal and will be sorely missed by IJ’s staff. …
The commercial auto market went through some tough times. After years of deteriorating loss ratios, things have definitely turned around. What does this mean for the marketplace? In some cases, prices have started to reverse direction after a series of …
While most folks are just happy the political advertisements are gone, Election Day 2004 did provide some results of interest to the insurance industry. President George W. Bush (R) was re-elected for a second term, Republicans gained seats in both …
Will pending investigations of insurance brokers halt the robust pace of the industry’s mergers and acquisitions (M&A) activity? In mid-October 2004, New York State Attorney General Eliot Spitzer filed a civil lawsuit against Marsh & McLennan Cos., alleging marketplace corruption …
Insurance agencies continued to be picked off at a healthy clip throughout 2004 but experts believe buyers will still be hungry in the new year. Several reports indicate that 2004 announced deals should exceed the number of transactions in 2003. …
The vote tallies in the presidential and congressional races suggest this is a blue region (with the exception of Virginia) but that is probably not true of the insurance community here or elsewhere. Purple, maybe; blue, doubtful. Blue voters can …
An $80 million damage award involving a breach of contract lawsuit was thrown out of court on Monday by the Mississippi Supreme Court in Jackson. The justices said the case was erroneously filed in Mississippi and should have been filed …
Joseph Mangan Joseph F. Mangan, a widely-respected author and editor of many insurance industry publications, passed away on Nov. 4, 2004. Mangan served as a frequent contributing writer to Insurance Journal and will be sorely missed by IJ staff. Mangan …
Creating a risk retention group to provide medical malpractice liability insurance for Wyoming doctors would probably not lower their insurance rates, but it might help address having too few insurance providers in the state, according to a new study. A …
