Monthly Archives: <span>June 2012</span>

G20 Backs Europe’s Plans for Euro Zone Overhaul to Fight Crisis

Europe won support from world leaders on Tuesday for an ambitious, but slow-moving, overhaul of the euro zone, even as pressure built in financial markets for quicker solutions to its debt crisis that threatens the world economy. European countries showed …

MetLife Receives Fed Extension on Capital Plans

MetLife Inc. received a three-month extension from the U.S. Federal Reserve on its plans to return capital to shareholders, the company said on Tuesday, potentially removing a short-term overhang on its stock. Its shares were up 5.4 percent on Tuesday …

Dallas Hailstorm Loss Estimate Drops Below $1 Billion

Insured losses from last week’s violent hailstorm in Dallas should be just under $1 billion, a trade group for Texas insurers said on Tuesday, sharply less than what another industry group estimated last week. The Insurance Council of Texas, via …

Tropical Storm Chris Forms in Atlantic; No Threat to Land

The National Hurricane Center in Miami is currently tracking Tropical Storm Chris, the third named storm of the current Atlantic hurricane season, but it does not expect it to cause any damage on land. According to the NHC’s most recent …

Best Affirms Argo Re, Argo Group and Subs Ratings; Outlook Stable

A.M. Best Co. has affirmed the financial strength ratings (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of Bermuda-based Argo Re Ltd. and its subsidiaries, as well as the ICR of “bbb” and debt ratings of the …

RiskMeter.com Partners With BuildFax to Offer Roof Age Reports to Carriers

RiskMeter Online, a provider of real-time natural hazard risk reports, is now offering an enhanced product in conjunction with BuildFax, the creator of the first and only database of historical building permit data. RiskMeter users can now access BuildFax’s roof …

Arrowhead Marine Program Wants Your Summer Boating Season Business

San Diego, CA, 06/20/2012 – With summer officially starting today and the boating season already underway, the Marine Program at Arrowhead General Insurance Agency, Inc. is pleased to offer its producers a team of boating insurance experts who are licensed …

Chubb Expands Wildfire Defense Services in Texas

The Chubb Group of Insurance Cos. has expanded its Wildfire Defense Services to most of Texas less than a year after the state experienced its worst wildfire season on record. The free loss-prevention service is now available to Chubb homeowner …

Mississippi’s Columbus Earns Improved Fire Rating

A new ranking for the Columbus Fire Department could mean reduced insurance rates for home and business owners. The Commercial Dispatch reported that the Mississippi Rating Bureau has rated Columbus a “four,” up from the “five” rating i has held …

Petersen Named EVP of Business Development for Atlas

Andrew Petersen has been named executive vice president of business development for San Diego, Calif.-based Atlas General Insurance Services. Petersen’s responsibilities include business development for new carriers, new programs, new lines of business and geographic expansion. He will also work …