A.M. Best Co. has placed the financial strength rating of “B++” (Very Good) and issuer credit rating of “bbb” of German insurer Wurttembergische und Badische Versicherungs-AG (WUBA) under review with negative implications. “The rating actions follow the announcement of WUBA’s …
The Bermuda-based Catlin Group Limited has established a new office in Hong Kong. “Catlin Hong Kong Limited will operate as a registered Lloyd’s of London coverholder, binding non-life business on behalf of the Catlin Syndicate (Syndicate 2003) at Lloyd’s,” said …
Homeowners on the coast of Alabama and some other states battered by Gulf of Mexico hurricanes in recent years are better prepared for a major storm than those along the Atlantic coast, an insurance survey found. The survey, sponsored by …
Scenes of buildings crumbled by Hurricane Katrina’s fierce winds and surging waves have been spotlighted as examples of poor construction and lax building codes on the Gulf Coast near Mobile, Ala. The push for stricter codes actually started in 1992 …
One of Florida’s largest home insurers, State Farm, plans to change an earlier request for a rate increase because of higher costs than its initial calculations showed, raising the possibility of higher premiums than it initially proposed. The company asked …
Mercator Risk Services, a specialty wholesale insurance broker in New York, has appointed Maria McCool as senior vice president – regional client relationship manager for the Southeast. “McCool is highly respected and well known throughout the Southeast, allowing Mercator to …
The exemption of Florida’s northwest Panhandle from state building codes will be discussed by Kevin McCarty, Florida Insurance Commissioner, during testimony at the July 11 meeting of the Florida Building Commission. The commission will hold hearings about this topic July …
A significant majority of global corporations currently have either a detailed avian flu pandemic readiness plan in place or are in the process of developing a plan, according to a report released by The Conference Board. Nearly three-fourths of the …
Insurance broker Integro today announced that F. Patrick Baker has been appointed managing principal for the firm’s aviation practice. He will work out of the New York office. Baker has two decades of experience in aviation insurance brokerage, with a …
Rhode Island’s Ethics Commission has agreed to look into a complaint brought against Attorney General Patrick Lynch over campaign donations he accepted from a lawyer for DuPont Co. when he was negotiating to drop the company from the state’s lawsuit …
