A.M. Best Co. announced that it has assigned a financial strength rating of “A-” (Excellent) and an issuer credit rating of “a-” to Bermuda- start-up Flagstone Reinsurance Limited, and has given the ratings a stable outlook. “Flagstone will operate as …
A.M. Best Co. announced that it has affirmed the financial strength rating (FSR) of “B+” (Very Good) and assigned an issuer credit rating of “bbb-” to New Zealand-based China Insurance (NZ) Company Limited (CINZ) with a stable outlook. “The ratings …
Ever since Hurricane Katrina devastated New Orleans, 2005 looked certain to be a record-breaking year for insured losses. Swiss Re’s newly issued sigma report has now confirmed the sad fact. According to preliminary estimates (the full and exact figures won’t …
Bigham-Kliewer-Chapman-Watts and Bosworth & Associates, two member agencies of Combined Agents of America, have been selected to be a part of the Independent Insurance Agents and Brokers of America “Best Practices” Study Group. Founded in 1952, Bigham-Kliewer-Chapman-Watts is based in …
Gilsbar, Inc., a leading health plan administrator, announces the addition of Andy Hillyer as Regional Sales Manager for the Texas region. Hillyer will be responsible for expanding current self-funded group health partnerships in Texas. Hillyer brings to Gilsbar extensive experience …
GMAC Insurance Group announces the formation of a new operating unit, Strategic Risk Specialists. The new unit will commence operations on Jan. 1, 2006, and will specialize in excess and surplus lines property business, focusing specifically on large property schedules …
Marsh & McLennan Companies Inc. has named M. Michele Burns will join the company as executive vice president on March 1, 2006, and assume the position of chief financial officer no later than March 31, 2006. Burns succeeds Sandra S. …
If you’re hosting friends and family this holiday season, it might pay to check your insurance first, according to the Illinois Department of Insurance. Better to know in advance what is covered and what isn’t when hosting that Christmas dinner …
Insurers charge good drivers living in California’s predominantly African-American and Latino zip codes substantially more for automobile insurance than good drivers in predominantly white communities, claims an analysis by Consumers Union, the non-profit publisher of Consumer Reports magazine. In some …
Several businesses at a Coeur d’Alene mall were destroyed in a fire over the weekend. The blaze early Saturday was likely started by a heat cable in a drain pipe, fire department investigator Glenn Lauper told the Coeur d’Alene Press. …
