A.M. Best Co. has assigned a financial strength rating (FSR) of “A-” (Excellent) and an issuer credit rating (ICR) of “a-” to Singapore-based Asia Capital Reinsurance Group Pte. Ltd. (ACR) with a stable outlook. “ACR will operate as a Singapore-based …
The ACE European Group has issued a warning that UK businesses are exposing themselves to unnecessary environmental liability risks, “simply because they continue to view specialist insurance products as too expensive and overly complicated.” ACE explained that many UK businesses …
Marsh announced from London that Martin South has been named to fill the new role of CEO of its UK operations. He will report to Alex Moczarski, CEO of Marsh, Europe Middle East and Africa (EMEA). South joins Marsh from …
Lloyd’s has released a new report, Managing the Insurance Cycle, which warns that “considerable uncertainty remains over prices and conditions in the commercial insurance market following last year’s record hurricane season.” Among other suggestions, it warns underwriters to beware of …
A class-action lawsuit involving more than 2,200 physicians will be allowed to proceed after a Jackson County judge denied three insurance companies’ request for arbitration. The doctor groups filed suit against Blue Cross and Blue Shield of Kansas City, Humana …
Do you ever wonder what GL and Products Contamination may NOT cover if a hospitality or restaurant client experiences a food borne illness outbreak? Well, the answer has been around since 1998. Professional Liability Insurance Services, Inc.SM – Underwriting Facilities …
A move to provide health insurance to 4,000 uninsured West Virginia children will take a step forward in January, when 10 percent of them will be eligible for coverage under the state’s Children’s Health Insurance Program. Whether those children are …
Commerce and Insurance Commissioner Paula A. Flowers announced she plans to leave Gov. Phil Bredesen’s cabinet and return to the private sector. Bredesen was re-elected to a second term last month. Flowers, an attorney from Monterey, was special counsel to …
Maine Superintendent of Insurance Alessandro Iuppa has announced his intention to step down from his position effective Jan. 13, 2007. “After 20 years, including 13 in Maine, in the insurance regulatory community it is time to move on to the …
Alex Sink, Florida’s Chief Financial Officer-elect, tapped Leslie “Les” Hallman to serve as the new director of the State Fire Marshal’s Office. Hallman, a 25-year veteran in fire and rescue services, law enforcement and emergency management, will assume his new …
