Esurance, a direct-to-consumer auto insurance company, has announced plans to open a new Tampa Sales Center and to hire 25 sales representatives. The new sales center will supplement activities at the company’s Tampa Regional Sales Office. It also has a …
Brown & Brown Inc. has announced an agreement to acquire the assets of American Specialty Cos. Inc. of Roanoke, Ind., for an undisclosed amount. The company has about $13 million in annual revenue. The deal “takes our position in specialty …
More than $114 million in hurricane claim losses have been reported in Georgia by John Oxendine, Insurance Commissioner, while Hurricane Ivan accounted for $75 million in damages. A number of families in metro Atlanta are still recovering from flood damages …
Florida homeowners will be able to choose between 1 and 5 percent hurricane deductibles if the Florida Legislature passes a proposal suggested by Tom Gallagher, Florida’s Chief Financial Officer. When the Legislature meets Gallagher also hopes to present a proposal …
A.M. Best Co. announced that it has affirmed the financial strength ratings of “A+” (Excellent) of Swiss Reinsurance America Corporation, headquartered in Armonk N.Y., and its P/C insurance subsidiaries, which comprise the Swiss Re America Group. “These ratings apply to …
W. R. Berkley Corporation has affirmed, as previously disclosed, that it has retained outside legal counsel to conduct an internal investigation following the announcement by the New York Attorney General’s Office of its investigation into alleged anti-competitive activities in the …
A.M. Best Co. announced that it has affirmed the financial strength ratings of “A+” (Superior) of American Re Corporation Group’s member companies, which include American Re-Insurance Company, American Alternative Insurance Corporation and The Princeton Excess & Surplus Lines Insurance Company …
A.M. Best Co. has released a year-end report on the U.S. P/C industry, which indicates that, “despite the colossal hurricane losses posted during the third quarter of 2004,” it “reported very strong nine-month 2004 operating results, propelled by underwriting income …
A.M. Best Co. announced that it has affirmed the financial strength rating of “A+” (Superior) of Toronto-based Swiss Reinsurance Company Canada, and has assigned an issuer credit rating of “aa”. The outlook for both ratings is stable. “The affirmation reflects …
Zurich Financial Services Group announced that it has divested its interest in Thai Zurich Insurance Company to Sri Brothers Co., Ltd. and to Pailuck Co., Ltd. “This step is in line with Zurich’s strategy to sharpen the focus of the …
