A.M. Best Europe – Rating Services Limited has revised the outlook to negative from stable and affirmed the financial strength rating of ‘A-‘ (Excellent) and the issuer credit rating of “a-” of Kuwait Reinsurance Company K.S.C. (Closed). Best said the …
Standard & Poor’s Ratings Services has revised its outlook on Nationwide Mutual Insurance Co. (NMIC) and its property/casualty (P/C) affiliates (collectively referred to as Nationwide) to stable from negative. S&P also revised its outlook on Nationwide Financial Services Inc. and …
A.M. Best Co. has affirmed the financial strength rating of ‘B++’ (Good) and the issuer credit rating of “bbb” of Germany’s SCHWARZMEER UND OSTSEE Versicherungs-Aktiengesellschaft SOVAG, both with stable outlooks Best noted that “SOVAG’s risk-adjusted capitalization is expected to remain …
Pressure on Europe’s banks to raise more capital increased on Monday after last week’s stress tests revealed their holdings of European sovereign debt, with likely losses on Greek bonds a growing concern. A health check of 90 European banks unveiled …
O.co, better known as online bargain retailer Overstock.com Inc., is now offering auto and home insurance on its Web site. The online retailer of furniture, clothing and gifts has partnered with online personal lines insurance agency Answer Financial to offer …
California workers’ compensation industry veteran Joseph (Joe) George Havlick passed away on July 11 in Reno, Nev. Havlick’s insurance career spanned decades and included the formation of two successful workers’ compensation carriers in California. In 1977, Havlick and a group …
The National Hurricane Center in Miami is currently tracking Bret, the second named tropical storm of the season. Unless it changes course, which is highly unlikely, Bret poses no threat to the U.S. mainland, as it is heading into the …
When Caltrans announced that it planned to close the busy 405 freeway July 15 to 18, the local populace immediately went into panic mode. The Interstate, which links the San Fernando Valley with West Los Angeles and points south, is …
Internet Truckstop, an Internet-based freight matching service, is teaming with Registry Monitoring Insurance Service-RMIS to provide tracking and insurance monitoring services to the transportation industry. Started over 15 years ago and based in Westlake Village, Calif., RMIS is a provider …
MJ Insurance has hired Byron Shultz as a producer in its Phoenix, Ariz., office. Shultz, who is MJ’s third new addition in Phoenix within the last 60 days, will work with potential new property/casualty clients. Prior to joining MJ Insurance, …
