U.S. insured losses from Hurricane Issac’s wind and surge impacts on the U.S. Gulf Coast will fall between USD$1−2 billion, excluding rainfall driven flood losses and all National Flood Insurance Program losses, estimates catastrophe modeler Risk Management Solutions (RMS). This …
Lawyers for U.S. companies say California, Illinois and West Virginia have some of the worst legal climates in the country for businesses, according to the latest survey by the U.S. Chamber Institute for Legal Reform (ILR). Delaware, according to those …
The new U.S. financial risk council should publicly share more details about its closed-door meetings on emerging risks to markets, a congressional watchdog report has found. The Government Accountability Office said the Financial Stability Oversight Council, a group made up …
A.M. Best Co. has affirmed the financial strength rating of ‘A-‘ (Excellent) and issuer credit rating of “a-” of Bermuda-based AmerInst Insurance Company Ltd., as well as the ICR of “bbb-” of AmerInst’s holding company, AmerInst Insurance Group, Ltd. The …
A.M. Best Co. has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit ratings of “a” of Catlin Insurance Company, Inc. (CICI), which is based in Houston, Catlin Specialty Insurance Company (CSIC) and Catlin Indemnity Company (CID), both …
A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of the Bermuda-based Catlin Insurance Company Limited (CICL), Catlin Insurance Company (UK) and Catlin Re Switzerland …
The inaugural Managing General Agents’ Association (MGAA) capacity exchange has been hailed as a success by insurers and MGA’s alike as an effective route to identifying and developing new products and scheme opportunities. The event, held last week at the …
The good news is that Europe is no longer going the way of Greece. The sad news is that it is threatening to go the way of Japan. After years of hesitation punctuated by panic, Europe has finally accepted the …
The battle over an automobile insurance persistency initiative is heating up, with the latest volley over a radio advertisement targeting a military audience that opponents are calling on to be removed following the tragedy in Libya where Libyan Ambassador Christopher …
The Professional Insurance Agents of New York State Inc. elected new officers and board directors for the 2012-2013 administrative year at its annual business meeting on Sept. 9. • Michael Skeele of DeRuyter, N.Y., was elected president. He is president …
