A.M. Best Co. has assigned a financial strength rating (FSR) of ‘B+’ (Good) and issuer credit rating (ICR) of “bbb-” to Winnipeg, Manitoba-based SecuriCan General Insurance Company, both with stable outlooks. Best said the ratings “are reflective of its good …
XL Re, the global reinsurance operations of XL Capital Ltd., announced changes in the management and underwriting structure of its Latin America operations, effective immediately. The operations continue to be led by Stephen Outerbridge, Chief Underwriting Officer and Chief Operating …
It’s a climate deal that has Europe feeling left out in the cold. The continent that used to take the lead in advocating climate action is now taking the lead in climate complaining. And it’s not just upset with the …
The seven fastest growing industries over the next few years include several in the health care field and each of the seven has a unique insurance need that agents and brokers should address. According to the U.S. Bureau of Labor …
Five years after a Sumatra Indonesia tsunami killed 230,000 people, officials say that more communities are taking the threat seriously, implementing warning systems and understanding that swift action is needed if a threat arises. Since that tsunami devastated communities around …
Private U.S. property/casualty insurers’ net income after taxes rose to $16.2 billion through nine-months 2009, partially recovering from the 91.2 percent decline to $4.4 billion through nine-months 2008 from $49.6 billion through nine-months 2007. Insurers’ overall profitability as measured by …
WKF&C Agency of California, based in Sacramento, is now offering a new, comprehensive habitational package policy. Thomas J. Kennedy, president & CEO of WKF&C Agency, Inc. said the firm is expanding its product offerings in the Western states and provides …
Rate reviews by the Washington State Insurance Commissioner’s office reduced proposed automobile insurance rates by $26 million over the first 10 months of this year, a reduction of about 1 percent. In 2008, the rate reviews trimmed $44 million for …
Homeowners insurance customers who file a property claim are much less satisfied with their claims experience than auto claimants, according to a new study. The satisfaction level of homeowners claimants is significantly lower than that of auto claimants, says J.D. …
Plans are underway for the February 2010 launch of ThinkRisk Underwriting Agency in Kansas City, Mo. Founded by insurance industry veterans Chad Milton, Leib Dodell and Debra McClenahan, ThinkRisk will offer underwriting and claims management services in the converging areas …
