California-based Fireman’s Fund Insurance Company, the principal U.S. operating unit of Germany’s Allianz, announced that it now provides Identity Theft Restoration Services throughout the United States. “Identify theft is the fastest growing crime in America, with victims numbering in the …
Standard & Poor’s Ratings Services has published a report comparing the past two years of U.S. P/C surplus growth, titled “U.S. Property/Casualty Surplus Growth Slows In 2004.” S&P credit analyst Alan Koerber noted: “Although the property/casualty (P/C) industry will post …
The Council of Insurance Agents & Brokers, the trade association that represents the nation’s largest commercial P/C and benefits brokers, announced the successful outcome of its lawsuit in Puerto Rico to strike down the territory’s countersignature law. U.S. District Judge …
Standard & Poor’s Ratings Services announced that it is “not considering rating actions on the eight rated companies out of the currently ten on which the German antitrust authority (Bundeskartellamt) imposed fines as published on March 23, 2005” (See IJ …
Guy Carpenter & Company, Inc., the global risk and reinsurance specialist and a part of the Marsh & McLennan Companies, and its affiliate MMC Securities Corp. announced the release of their joint study of the catastrophe bond market, entitled “The …
A.M. Best Co. announced that it has placed the financial strength rating of “A” (Excellent) of the reinsurance subsidiaries of Bermuda-based Platinum Underwriters Holdings, Ltd. under review with negative implications. Best also said it has downgraded the issuer credit rating …
The London office of Standard & Poor’s Ratings Services has published a report – “Insurance Criteria Update: What Makes An Insurance Or Reinsurance Subsidiary ‘Core’ Under Group Rating Methodology?” – updating its criteria for rating insurance groups and, in particular, …
Standard & Poor’s Ratings Services announced that it has assigned its ‘B’ rating to Simply Insurance New Zealand Ltd. with a stable outlook. “The rating reflects the sensitivities of a start-up operation with no operating history, a small and concentrated …
Conventional wisdom is wrong: primary care doctors who coordinate the care of their patients by specialists may actually have lower liability risk than primary care doctors who do not attempt care coordination. That is one finding from a study by …
Ceillia Whiteford has joined Los Angeles-based Crouse and Associates as a broker. In her new position, she will be charged with building a book of business utilizing Crouse’s popular construction core products including wrap ups and earthquake. Whiteford began her …
