Standard & Poor’s Ratings Services has affirmed its ‘BBB+’ counterparty credit rating on Assurant Inc., removed it from CreditWatch negative, and assigned a negative outlook to the company. S&P also affirmed its ‘A’ counterparty credit and financial strength ratings on …
Standard & Poor’s Ratings Services commented on an announcement by the Bermuda-based Everest Re Group Ltd. (A-/Negative/–) and related subsidiaries (collectively referred to as Everest). Following its third-quarter earnings release, Everest said it would “be reviewing the asbestos claims notifications …
The Harry W. Gorst Co. of Chatsworth, Calif., has promoted LaTanya Taylor to commercial lines underwriter. Taylor began her career in insurance in 1989 at a large California wholesaler, in which she specialized as a tech ops/lead assistant underwriter and …
Managing general agent and surplus line boker Trans Cal Associates announced the expansion of it underwriting staff. Sarah Lemons was promoted to commercial lines underwriter in Trans Cal’s Commercial Transportation and Property/Casualty Divisions. Lemons joined Trans Cal in 2004 and …
Barney & Barney announced it is collecting gloves and masks to assist with fire cleanup in San Diego. According to the company, gloves and breathing masks are the most difficult items to find as fire victims return to their lost …
California Insurance Commissioner Steve Poizner announced his final determination of need for the California Low Cost Automobile Insurance program in Alpine, Colusa, Del Norte, Glenn, Inyo, Lassen, Mariposa, Modoc, Mono, Nevada, Plumas, San Luis Obispo, Sierra, Siskiyou, Tehama and Trinity …
Using the latest information on current and forecast fire perimeters and observed wind speeds, catastrophe risk modeling company AIR Worldwide Corp. estimates insured losses from California wildfires will be at least 1.5 billion. As of press time, seven fires remained …
A settlement agreement between the North Carolina Department of Insurance and the North Carolina Rate Bureau, the organization that represents the state’s workers’ compensation insurance companies, will raise loss costs by 1.6 percent in the voluntary market. The deal has …
The Brownyard Group, based in Bay Shore, N.Y., added Arch Insurance Co. as an admitted carrier for its PI Protect program, which serves private investigators and security consultants. Arch Insurance Co., rated A (Excellent) by A.M. Best, is the new …
The Florida Office of Insurance Regulation signed Consent Orders allowing four companies to assume a total of 173,000 policies from the Citizens Property Insurance Corp., the state’s insurer of last resort. American Integrity Insurance Co. of Florida, Argus Fire & …
