A.M. Best Europe – Rating Services Limited has revised the outlook of the issuer credit rating (ICR) to positive from stable and affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and the ICR of “a” of HDI Haftpflichtverband der …
A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of the property/casualty subsidiaries of the holding company, XL Group plc, which is based in Ireland, and led by XL …
Swiss Re’s Board of Directors has announced that Chief Investment Officer David Blumer has decided to leave the company, effective November 1, 2012. His successor will be announced in due course. Blumer joined Swiss Re in May 2008 as Head …
The U.S. national weather forecaster still expects the much-feared El Niño phenomenon, which can wreak havoc on global weather, to remain weak into the Northern Hemisphere winter, even after its development slowed last month. In its monthly assessment, the Climate …
The head of the House of Representatives Intelligence Committee said on Thursday that significant new cyber threats to U.S. financial networks appeared to be emerging from an “unusual” source. Committee Chairman Mike Rogers did not specifically identify the purported new …
CNA, a global business insurer, is now using CargoNet and the National Equipment Register (NER) — two national information sharing systems designed to help policyholders combat the growing problems of cargo and heavy equipment theft. CargoNet and NER are divisions …
Editor’s Note: This is the second in a series of articles to look at California’s workers’ compensation reform law in detail and what must be done to implement that law by Jan. 1, 2013. California’s State Compensation Insurance Fund board …
A coalition of business and consumer interests are pushing for rapid approval of a plan floated by Citizens Property Insurance Corp. to speed its depopulation efforts by offering loans to private insurers made out of Citizens’ own surplus as an …
The National Association of Insurance Commissioners (NAIC) is a non-profit entity that acts as the trade association for state insurance commissioners. Although the NAIC may play a central role in regulation of the insurance industry, it nonetheless is a private …
Nearly 30 years after state legislators imposed stricter punishments for drunken drivers, an Allegheny County program allows them to serve mandatory jail terms in a hotel. The county’s DUI Alternative Jail Program, known to some as “DUI Hotel,” is a …
