Standard & Poor’s Ratings Services announced that has raised its long-term counterparty credit and insurer financial strength ratings on Hannover Reinsurance Africa Ltd. (Hannover Re Africa) to “BBB” from “BBB-” with a positive outlook. “The upgrade follows a significant improvement …
A.M. Best Co. announced that it has affirmed the financial strength rating of “A” (Excellent) and the issuer credit rating of “a” of Bank of Montreal Insurance (Barbados) Limited, with a stable outlook. “These ratings reflect Bank of Montreal Insurance’s …
The number of paid workers’ compensation claims fell 22 percent relative to the number of employees from 2000 to 2003, according to a newly released report from the Minnesota Department of Labor and Industry. However, the cost of the system …
Wisconsin-based Wausau Signature Agency has increased its focus on employee benefits by forming a group benefits division in the Upper Midwest states. “As part of our commitment to meet all of the insurance needs of our clients and prospects, we’re …
Cleveland-based online insurance agency Insurance.com is launching a cable TV ad campaign starring a “gruff but lovable English bulldog named Otto” who woofs up the agency’s auto insurance offerings. Insurance.com’s insurance marketplace allows consumers to compare rates from top auto …
The Republican-led Missouri General Assembly has sent workers’ compensation and tort reform bills to Gov. Matt Blunt, who is expected to sign them. The comp reform bill puts a raft of limitations on when workers can receive compensation. Senate Bill …
Michigan’s Office of Financial and Insurance Services last week released the results of its long-awaited study of competitiveness in the state’s insurance market. While the report found competition under the very strict definition of the law, the commissioner said that …
The National Association of Mutual Insurance Cos. announced that Neil Alldredge has been named senior director of state advocacy. In his new capacity, Alldredge will be responsible for development and execution of all advocacy strategies before state legislatures and various …
Schaumburg, Ill.-based commercial property/casualty insurer Zurich North America announced the launch of a new coverage endorsement aimed at combining coverages for limited-service, full-service and resort companies in the hospitality and leisure industries. In a statement, Zurich said the new offering …
Washington Insurance Commissioner Mike Kreidler announced March 22 that he is closing the voluntary Market Assistance Program for medical malpractice insurance due to a lack of business. Kreidler points out that the availability of medical malpractice insurance is improving and …
