Storm clouds are looming over medical liability reform legislation about to be introduced in the 2005 Georgia General Assembly which would make it harder for insurance companies to raise their rates and thus, supposedly reduce premiums. Non-partisan groups, representing neither …
Fitch has affirmed all ratings of HCC Insurance Holdings Inc. (HCC), including HCC’s ‘A-‘ long term issuer and senior debt rating, and the ‘AA-‘ insurer financial strength (IFS) rating of Houston Casualty Company, and several other insurance subsidiaries. The Rating …
Although insurance checks have been cut Florida homeowners are now calling the state’s storm victim hotline to complain because they can not get the money without two signatures. Tom Gallagher, Chief Financial Officer, confirmed that numerous calls are being received …
Oklahoma State Treasurer Robert Butkin announced he is looking for more than 38,000 Oklahomans to give them $15.7 million. The money was delivered to Butkin’s office during the past few months from seven insurance companies that underwent a process called …
According to a recent survey, sponsored by international insurer and financial services provider AXA, 62 percent of respondents plan to welcome 2005 in the comfort of their own homes. Another 17 percent will celebrate the event at a friend’s home. …
Munich Re, the world’s biggest reinsurer, has issued a bulletin concerning possible losses from the tidal waves that struck many countries around the Indian Ocean on Dec. 26, which estimates the company’s losses at no more than 100 million euros …
Fitch Ratings has issued a bulletin indicating that it “expects insured losses stemming from the recent Southeast Asian earthquake and tsunami to affect the Asian primary insurance market and the worldwide reinsurance market including markets centered in Singapore, London and …
Standard & Poor’s Ratings Services has issued a bulletin stating that it does not expect Australian general insurers to be materially affected by the cost of insurance claims arising from the Indian Ocean tsunami that struck Sri Lanka, India, Thailand, …
Swiss Re has issued a bulletin commenting on the Indian Ocean disasters, indicating that the complex nature of the event, makes it extremely difficult to project loss estimates. “Tens of thousands of lives have already been lost in this awful …
Standard & Poor’s Ratings Services announced that it has assigned its “AA-” insurer financial strength rating to UK-based Tokio Marine Global Ltd. (TMG) with a stable outlook. “The rating on TMG is supported by a guarantee for insurance claims provided …
