A.M. Best Europe – Rating Services Limited has upgraded the issuer credit rating to “bbb+” from “bbb” and affirmed the financial strength rating of ‘B++’ (Good) of Sweden’s Solid Forsakringsaktiebolag, both with stable outlooks. Best said, its “ratings of Solid …
The Texas-based ABS Group announced that it has appointed Paul Little as President of EQECAT, its catastrophe modeling company. He replaces Bill Keogh who has resigned from the company to pursue another opportunity in the insurance sector. Little joined the …
“Online aggregators have revolutionized the distribution of personal lines insurance in the UK,” concludes a study from Finaccord, a market research, publishing and consulting company specializing in financial services. However, the study also found that they “have not repeated this …
Florida residential property insurer American Integrity Insurance Group has partnered with Wright Flood, a flood insurance provider to offer residential flood insurance. Effective April 1, 2013, American Integrity Insurance Group will make flood coverage available through its network of independent …
General Star Management Co. has expanded its admitted accountants professional liability program into Pennsylvania. Pearl Insurance, headquartered in Peoria, Ill., has served as the exclusive program manager for the General Star facility in 28 other states and now adds Pennsylvania. …
N.Y. Gov. Andrew Cuomo said this month that banks and mortgage service companies have released $112 million in insurance checks that were intended for victims of Sandy but had been delayed by bureaucracy. The state persuaded Fannie Mae and Freddie …
Insurance giant MetLife Inc. recently announced a plan to move some 2,600 positions into newly created facilities in North Carolina by the end of 2015. And this means a lot of folks in the Northeast could be facing some tough …
A group of U.S. representatives from New York proposed a bill that would stretch out the National Flood Insurance Program’s premium increase timeline. On March 11, U.S. Reps. Michael Grimm (R-N.Y.), Gregory Meeks (D-N.Y.), Charles Rangel (D-N.Y.), Eliot Engel (D-N.Y.) …
Financial information firm SNL Financial’s preliminary analysis of more than 2,600 individual P/C filer’s 2012 statutory data illustrates how big of an impact Superstorm Sandy had on the filers’ underwriting results. SNL said on March 12 that one individual filer …
Massachusetts Insurance Commissioner Joseph Murphy and his insurance division staff held an insurance awareness and education event at the South Station, a major commuter hub in Boston, on March 6. The commissioner was on hand at the event – titled …
