S&P revised its outlook on Ohio Casualty Corp. and the members of the Ohio Casualty Ins. Co. Intercompany Pool to positive from stable. S&P also affirmed its “BBB” counterparty credit and financial strength ratings on the members of OCIP–American Fire …
Standard & Poor’s Ratings Services assigned its ‘R’ financial strength rating to State Capital Insurance Co. An insurer rated ‘R’ is under regulatory supervision, owing to its financial condition. The action was taken after the North Carolina Insurance Department ordered …
E&S Industry Returns to Familiar Ground Neither wind, nor rain nor the dark cloud of standard carriers returning to the marketplace will keep excess and surplus insurance writers from maintaining profitability. From coast-to-coast the E&S industry is going back to …
More than 80 percent of small and large commercial property/casualty accounts and 90 percent of medium accounts found their insurance premiums either stable or down by as much as 20 percent during the fourth quarter of 2004, according to a …
At the corner of Cole and Monticello Avenues near the Highland Park area of Dallas, an excess and surplus insurance brokerage was born—twice, it could be argued. The company that became Heath Insurance Brokers, one of the largest specialty insurance …
The Louisiana Health Care Alliance (LHCA) presented state Commissioner of Insurance Robert Wooley with their 2004 Leadership in Health Care Award for his commitment to improving the availability and affordability of health care in Louisiana. The group’s president and CEO …
Independent Insurance Agents of San Antonio will present a special seminar Feb. 23, 2005, on “The Additional Insured” and “CGL Policy: Critical Changes.” The instructor for the two-part seminar is R. Bryan Tilden of Tilden and Associates, Pittsboro, N.C. In …
GAINSCO Inc. reported it has closed the previously announced restructuring of the company that was approved by its shareholders on Jan. 18, 2005, and is more fully described in the company’s proxy statement dated Dec. 22, 2004. “This is a …
Best’s State Rate Filings now includes Rhode Island and Vermont on its roster of available states. The product, which covers activities in the U.S. representing nearly 95 percent of the property/casualty premiums written each year, provides insurance industry professionals with …
A “supplemental weather insurance” plan to encourage organizations to schedule meetings in the “Sunshine State” during August, September and October 2005 has been announced by the board of directors of Visit Florida, the state’s official tourism marketing organization. Details or …
