New Hampshire insurance agent Eleanor Spinazzola said she had one client, a lawyer, abandon his private practice to work for a large law firm after his health insurance premium shot up to $3,800 a month. It’s horror stories like these …
Last issue’s story on Harleysville Insurance Co.’s (Pennsylvania-based Harleysville in Transition to Restore Historic Results) financial targets, the target return on equity for 2006 was incorrect; it should have indicated between 11 and 12 percent. Also, the story indicated the …
Nebraska state Sen. Jeanne Combs used to weigh more than 300 lbs., and she hopes that fact will carry some weight in her campaign to prohibit people from suing the fast-food industry for making them fat. Combs, who represents District …
When and how did the insurance industry get the brand image as boring? That image never fit. Certainly nobody in the industry today could think that this industry is boring. What other industry faces the diversity of challenges that this …
Standard & Poor’s Ratings Services affirmed its “A+” counterparty credit and financial strength ratings on the members of the St. Paul Intercompany Pool, the members of the Travelers Intercompany Pool, Travelers Casualty and Surety Co. of America, and Travelers Casualty …
S&P revised its outlook on Arch Capital Group Ltd. to positive from stable, and affirmed its “BBB-” counterparty credit rating on Arch. The outlook was revised to reflect Arch and its subsidiaries’ substantially improved capital adequacy position relative to prior …
A.M. Best Co. upgraded the financial strength rating to “A++” (superior) from “A+” (superior) of Connecticut-based The Hartford Steam Boiler Inspection and Insurance Company and three subsidiaries–The Hartford Steam Boiler Inspection and Insurance Company of Connecticut, HSB Engineering Insurance Limited …
The street has become a superhighway, far removed from the clubby atmosphere of Los Angeles’ Wilshire Blvd. or New York’s Pine Street. Anybody can now comment on the latest industry happenings over the Internet, and one of the biggest subjects …
The emergence of large national and regional firms and the creation of networks of brokers as industry kings are transforming the nation’s wholesale insurance marketplace but experts maintain that independent privately-held firms will still remain the backbone of the excess …
Response Time, Service Crucial When Selecting E&S Brokers, IJ Survey Reports Retail agents and brokers consider service and response time delivered by excess and surplus lines brokers to be critical factors when reeling in wholesale firms they do business with, …
