A.M. Best Co. has revised the outlook to stable from negative and 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 …
As predicted by the California Workers’ Compensation Institute, the temporary total disability rate in California for 2012 will increase to $1010.50. The state Division of Workers’ Compensation announced the minimum and maximum temporary total disability (TTD) rates for 2012 will …
Pasadena, Calif.-based insurance broker Bolton & Co., has named Jonathan Schreter assistant vice president in the Property & Casualty Division. Schreter began his insurance career with Hoffman and Brown in 2004 after more than 10 years of providing marketing and …
The Bermuda-based Everest Re Group announced that Dominic J. Addesso has been promoted to President. He joined Everest two years ago as Executive Vice President and Chief Financial Officer. Prior to his employment with the Company, he was President of …
California is expected to pass surplus lines regulations before July 21, 2011. On that date, the Nonadmitted and Reinsurance Reform Act of 2010 (NRRA) becomes effective, and only the “insured’s home state” may tax surplus lines premium and regulate surplus …
Joe Plumeri, Chairman and CEO of Willis Group Holdings, told delegates at the Insurance Day Conference in Bermuda that the insurance industry is entering a “golden age” of opportunity. He cited the fact that there are two billion people in …
The ACE Group of insurance and reinsurance companies has appointed Farid Eid Filho as Country President for ACE Brazil. He will be in charge of leading the company’s Brazilian operations including all property and casualty and accident and health insurance …
Two weeks into a new hurricane season, Florida officials are continuing to express their concerns over possible policyholder assessments by Citizens Property Insurance despite the relative financial strength of the state’s government-run homeowners’ insurer. Given the insurer’s current financial resources, …
Fathers with day jobs would be paid about $34,000 while stay-at-home dads would earn about $60,000 a year, if being a dad came with a paycheck. No longer just babysitters, modern-day dads are putting in long hours performing various jobs …
Long term care liability costs are rising because the average claim size is increasing even as claim frequency declines. There has been a four percent increase in the average claim size, according to research by Aon Risk Solutions in its …
