An insurance company doesn’t have to pay for damages at a Virginia man’s home ruined by Chinese-made, sulfur-emitting drywall, a decision by a federal judge Thursday that could affect how lawsuits by thousands of U.S. homeowners are settled. Judge Robert …
A.M. Best Co. has revised the outlook to negative from stable and affirmed the financial strength rating of ‘A-‘ (Excellent) and issuer credit ratings of “a-” of Builders Insurance Group and its three pooled members: Builders Insurance (A Mutual Captive …
A.M. Best Co. has assigned a financial strength rating of ‘A-‘ (Excellent) and an issuer credit rating of “a-” to Barbados-based Wentworth Insurance Company Limited, an indirect, wholly owned subsidiary of Fairfax Financial Holdings Limited, and has assigned a stable …
A.M. Best Co. has affirmed the financial strength ratings (FSR) of ‘A-‘ (Excellent) and issuer credit ratings (ICR) of “a-” of the P/C group, Horace Mann Insurance Group, its members and the life/health insurance company, Horace Mann Life Insurance Company. …
Standard & Poor’s Ratings Services announced that its on American International Group Inc. , currently ‘A-‘ – Negative – debt ‘/A-1,’ and its insurance subsidiaries (most of which are rated A+/Negative/–) are not affected by the company’s announcement that it …
Assurex Global, which is based in Columbus, Ohio, has added three new brokers to its international partnership ranks: Griffiths & Armour and Miller Insurance Services, Ltd., both from the UK, and Associated Insurance Consultants (AIC) of the United Arab Emirates. …
MAPFRE GLOBAL RISKS announced from its headquarters in Madrid, that it has launched its new website www.mapfreglobalrisks.com “in order to bring closer to its clients, brokers and service companies, its corporate philosophy and its business solutions to clients, brokers and …
According to Dan Barton, Managing Director of Professional Risks at Cooper Gay, the London-based independent wholesale, reinsurance and specialist retail insurance broker, “many international companies with subsidiaries spread across the globe do not have adequate controls in place to ensure …
The London Market Group (LMG) has announced that the electronic endorsements pilot is “moving into the next phase.” The LMG said “100 percent of Managing Agents, all of which are connecting via the Exchange, 26 Company Market insurers and 15 …
Finance ministers can usually be relied upon to put the best spin on whatever is happening to the global economy. Not at this weekend’s Group of 20 meeting in Busan. The two days of talks were remarkable for ministers’ candor …
