Despite charges of bid-rigging and conflicts of interest against the insurance industry, Connecticut Insurance Commissioner Susan F. Cogswell said she has not found corruption in Connecticut. Cogswell said she isn’t looking for wrongdoing because she has not received any complaints …
Florida homeowners can expect an 8.3 percent statewide increase in the cost of homeowner’s insurance, Bob Lotane, spokesman for the Florida Office of Insurance Regulation told the Bonita News. He said worst-hit areas will have the highest increases. “There are …
Houston’s Halliburton announced that settlement agreements involving asbestos claims were approved on November 18, 2004 and November 29, 2004, by the Honorable Judith K. Fitzgerald, concerning asbestos related claims against DII Industries, Kellogg Brown & Root and other affected Halliburton …
Standard & Poor’s Ratings Services has issued a report noting that Japanese non-life insurance companies recently released results of for the first half of fiscal 2004, which indicate that underwriting profitability remains under pressure. S&P also noted: “While the impact …
Standard & Poor’s Ratings Services announced that it has affirmed its “BBB” insurer financial strength and counterparty credit ratings on Taiwan Fire & Marine Insurance Co. Ltd. (TFMI) with a stable outlook. “The ratings reflect the company’s niche position in …
The U.K.’s Chartered Insurance Institute has released a new “qualification coursebook: ‘Risk, regulation and capital adequacy,’” aimed at helping insurance companies’ efforts to comply with impending regulation by the U.K.’s Financial Services Authority (FSA). “The FSA assumes full regulatory control …
A.M. Best Co. announced that it has affirmed the financial strength rating of “B++” (Very Good) of Qatar General Insurance and Reinsurance Company (S.A.Q.) (QGIR) and assigned the company an issuer credit rating (ICR) of “bbb”. Best said the newly …
Standard & Poor’s Ratings Services announced that it has assigned its “BBB” insurer financial strength and counterparty credit ratings to Taiwan’s First Insurance Co. Ltd. with a stable outlook. At the same time S&P withdrew its previous “BBpi” public information …
American Financial Group Inc. announced that its chief financial officer, Senior Vice President and Treasurer Fred J. Runk, plans to retire in March 2005. Runk, 62, has been with AFG and its predecessor for more than 30 years and has …
According to a survey of reinsurers’ statutory underwriting results conducted by the Reinsurance Association of America (RAA), a group of 27 of the leading U.S. property/casualty reinsurers wrote $22.3 billion of net premiums during the three months ended Sept. 30, …
