Risks are growing that incidents at sea involving China could lead to war in Asia, potentially drawing in the United States and other powers, an Australian think tank warned on Tuesday. The Lowy Institute said in a report that the …
Standard & Poor’s Ratings Services has lowered its rating on Mariah Re Ltd.’s Series 2010-1 notes to ‘CCC+(sf)’ from ‘B(sf)’. S&P has also revised the CreditWatch status of the rating on the notes to developing from negative. “We placed the …
Standard & Poor’s Ratings Services has issued a report which “discusses why it thinks the European insurance industry seems nervous as it enters the second half of 2011.” The report – “European Insurance Credit Trends: Despite Strong Balance Sheets, Insurers …
AmWINS Group, Inc. has developed an exclusive program with an A.M. Best rated A+XV carrier to provide coverage for the auto repossession industry. This insurance program is designed specifically for the repossession industry and is available in all states except …
NSM Insurance Group’s Express Hotel Program is now providing property coverage for accounts that are hit with an infestation of Cimicidae (the technical name of bed bugs). The topic of bed bugs has been in the news often recently for …
North Carolina residents insured by two companies are going to receive refunds totaling more than $1 million after state regulators found they overcharged their personal lines policyholders. SAFECO Insurance Co. of America and American States Preferred Insurance Co. have issued …
Two subsidiaries of Allstate Insurance Company Florida are seeking homeowners rate increases worth more than $90 million. Castle Key Indemnity Co. is seeking a 36 percent statewide average rate increase and Castle Key Insurance Co. is seeking a 31 percent …
Five states—California, Florida, Texas, New York and Michigan—generate almost half of all suspicious claims to property/casualty insurance companies, a new report says. These states account for 49 percent of all “questionable claims” as tabulated by the National Insurance Crime Bureau …
The head of property and casualty insurance carrier Dallas National Insurance Co. has responded to the recent downgrade of the company’s ratings by A.M. Best, stating that the company is fiscally conservative and adequately reserved. Best recently downgraded Dallas National’s …
The hallways of Maine’s State House were jammed with irate, screaming protesters, and scores of state workers pitched a tent “union city” in a park across the street. The already cool relations between the political parties had sunk to a …
