The largest writer of medical malpractice insurance in Massachusetts said it will not have to raise rates this year, after several years of double-digit hikes. ProMutual Group credited “improved financial strength” and “innovative patient safety initiatives that are having a …
Miami-based Modern Insurance Consultants Inc. and Darwin Professional Underwriters Inc. have introduced an Insurance Agents Errors & Omissions program for small to mid-sized Florida property/casualty agencies. The program offers up to $2 million in liability limits, a broad definition of …
Standard & Poor’s Ratings Services announced that it has lowered its counterparty credit and financial strength ratings on Employers Reinsurance Corp. and affiliated insurance/reinsurance entities (collectively referred to as GE Insurance Solutions) to “A” from “A+” and removed them from …
An active storm season with 13 named storms this year has been predicted by Colorado State University researcher William Gray. The hurricane expert, who has been making such forecasts for 22 years, said he expects seven hurricanes to develop this …
ACE USA, the U.S.-based retail operations of the ACE Group of Companies, announced that it has expanded distribution of its ACE Disaster Mortgage Protection(SM) (DMP(SM)) product outside of its traditional mortgage service provider channel. “This expanded distribution strategy will now …
A.M. Best Co. announced that the financial strength rating of “A” (Excellent) of Universal Underwriters Insurance Company, based in Overland Park, Kansas, and its wholly-owned subsidiary, Universal Underwriters of Texas Insurance Company of Plano, Texas, “remains unchanged following the announcement …
AIR Worldwide Corporation announced the international expansion of its catastrophe modeling services for life, accident and health, and disability insurers. The service was introduced in 2003 as part of the company’s U.S. earthquake and terrorism risk analysis model. Since then …
Lloyd’s announced the appointment of Celia Denton to the Council of Lloyd’s. She recently retired from the accounting firm Deloitte & Touche, where she acted as Head of the General Insurance Practice and then Head of Internal Risk Management, Assurance …
A.M. Best Co. has issued a paper explaining its rating methodology, which notes that “the assignment of an interactive rating is derived from an in-depth evaluation of a company’s balance sheet strength, operating performance and business profile as compared with …
Dublin-based Research and Markets announced the addition of “Reinsurance Claims” to their offering. The work “contains up-to-date commentary and legal cases, and is the first publication to offer a clear view of this elusive aspect of the law,” said the …
