A.M. Best Co. has commented that the ratings of Chicago-based Old Republic International Corporation’s P/C, title and life operating subsidiaries are unchanged following its proposed acquisition of the outstanding common shares of Pennsylvania-based PMA Capital [See IJ web site – …
A.M. Best Co. has placed under review with positive implications the issuer credit rating (ICR) of “bbb-” and debt ratings of PMA Capital Corporation of Blue Bell, PA, following the announcement that PMA Capital and Chicago-based Old Republic International Corporation …
San Francisco-based Woodruff-Sawyer & Co. has formed a new Private Client Personal Insurance Division to address the individual needs of executives and corporate officers. Diane Borden has been hired as private client executive to establish the personal insurance operation, focusing …
A.M. Best Co. has affirmed the financial strength ratings (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of Liberty Mutual Insurance Companies and Peerless Insurance Company Pool and their members, as well as UK-based Liberty Mutual Insurance …
The heads of all the national terrorism insurance programs of the OECD (Organization for Economic Co-Operation and Development) member countries met earlier this month at the OECD headquarters in Paris in an attempt to assure that terrorism risks will continue …
Insurer Geico has filed a $1.8 million lawsuit alleging a Queens radiology center orchestrated a no-fault auto insurance fraud scheme that involved thousands of suspect claims for service. Geico did not identify the 10 defendants by name, but said they …
A fragile global economy, excess capacity in virtually every line of commercial insurance and last year’s below-average catastrophic losses combined to keep commercial insurance prices flat during the first quarter of 2010. This marks the fifth consecutive quarter of little …
AIR Worldwide (AIR) is reporting the certification of its 2010 U.S. Hurricane Model by the Florida Commission on Hurricane Loss Projection Methodology. The commission certifies models for use by insurers for developing Florida residential and commercial residential property rate filings. …
Mark Bridges and Bry Ewan got the idea for creating a producer development program within the Combined Agents of America (CAA) while attending a producer school in Florida. Bridges explained that during his first year in the insurance business he …
Thousands of 9/11 rescue and recovery workers suing New York City over their exposure to clouds of pulverized glass and cement at the World Trade Center site have to decide whether they have more faith in their lawyers or Congress. …
