The Tillinghast unit of consultants Towers Perrin has announced plans to launch its Commercial Lines Insurance Price Monitoring Survey (CLIPS). Tillinghast said it had “initiated the survey to meet the insurance industry’s need for better historical benchmark information regarding pricing …
The U.K.’s Office of Fair Trading (OFT) has published a study that highlights “key improvements” in Britain’s liability insurance markets. These include: “Lower increases in premiums, better communication between insurers and policyholders and a reduction in the number of businesses …
Standard & Poor’s Ratings Services has published its quarterly report covering the leading European insurers – Industry Report Card: European Insurance. The study concludes: “The current picture for the market is stable with good results expected to continue in 2005, …
A.M. Best Co. announced that it has affirmed the financial strength rating of “A+” (Superior) of Japan’s Mitsui Sumitomo Insurance Company Limited with a stable outlook. “The rating reflects Mitsui Sumitomo’s superior capitalization, strong business profile supported by steady growth …
William G. Star, chairman and CEO of Toronto-based non-standard auto insurer Kingsway Financial Services Inc. announced the appointment of Walter Farnam and Jack Sullivan to the company’s Board of Directors. Farnam received a B.A. from Brown University. During his career …
A.M. Best Co. announced that it has affirmed the financial strength rating of A- (Excellent) of Hong Kong’s Sun Hung Kai Properties Insurance Limited (SHKPI) with a stable outlook. “The rating reflects SHKPI’s consistent operating performance, low level of net …
The Roman Catholic Archdiocese of Portland has turned over 97 boxes of records on priests accused of molesting children after promising last November to provide the documents to insurance companies seeking to reduce potential settlement costs. The 10 insurers hope …
“View/Edit Components” Feature Allows Agents to Obtain More Accurate Values on Remodeled and High Value Homes Castle Data Services, a division of Overland Solutions, Inc., announced today the release of version 3 of Castle’s Web-Based Replacement Cost Estimator. Craig Locante, …
California-based Suhr Risk Services has hired industry veteran Randy Johnson as a producer in its property/casualty sales division. He will be responsible for sales and client account management within the Premier Division Group, which attends to the risk management requirements …
A.M. Best Co. has affirmed the financial strength rating of B++ (Very Good) of The Fuji Fire & Marine Insurance Company Limited (Fuji Fire) (Japan). The rating outlook has been revised to positive from stable. The rating reflects Fuji Fire’s …
