A.M. Best Co. has affirmed the financial strength rating of A- (Excellent) and assigned an issuer credit rating (ICR) of “a-” to Harleysville Insurance (Harleysville) (Harleysville, Pa.) and its property/casualty pooling members. Concurrently, A.M. Best has affirmed the financial strength …
Lloyd’s underwriters believe that buyers are more concerned about pricing than current insurance industry investigations – according to new research released Tuesday. The research* also reveals that underwriters see managing the cycle as the most important industry issue in 2005, …
The Goodyear Tire & Rubber Company announced that it will receive $22 million in an insurance settlement for asbestos and pollution related claims previously filed by the tiremaker. The $22 million will be paid by Lloyd’s Underwriters reinsured by Equitas …
In a letter Tuesday to Senate Judiciary Committee Chairman Arlen Specter (R-Pa.), the Property Casualty Insurers Association of America (PCI) and the National Association of Mutual Insurance Companies (NAMIC) voiced their opposition to the latest asbestos trust fund legislation drafted …
A.M. Best Co. has affirmed the financial strength rating of A+ (Superior) of Travelers Property Casualty Pool (Travelers PC Pool) (Hartford, Conn.). Concurrently, A.M. Best has affirmed the debt ratings of “a-” on senior debt, “bbb+” on subordinated debt, “bbb” …
Federal disaster funds have been made available for Arizona to help local governments recover from the effects of another round of severe storms that struck the state in February, the head of the U.S. Department of Homeland Security’s Federal Emergency …
The Property Casualty Insurers Association of America (PCI) joined with a group of insurers and insurance trade associations in filing a friend of the court brief on April 15 urging the Massachusetts Superior Court to uphold Insurance Commissioner Julianne Bowler’s …
The Texas Department of Insurance announced that as a result of legislative changes under Senate Bill 14 enacted by the 78th Legislature Regular Session in 2003 and departmental actions affecting policyholders and insureds, the commissioner has adopted Texas Administrative Code …
California-based Woodruff-Sawyer & Co. announced that Dan Hodges will be joining their firm as vice president, Employee Benefits Practice. In this role, Hodges will provide strategic consultation to clients on their benefits programs and develop new business opportunities for the …
The Automobile Insurance Agents of Texas reported that just one day after several AIAT members testified on behalf of Senate Bill 1670, the Senate Committee on Transportation and Homeland Security unanimously voted for the measure. SB 1670, authored by Sen. …
