A.M. Best Co. has revised the outlook for the issuer credit rating (ICR) to positive from stable as well as affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and ICRs of “a” of the property/casualty subsidiaries of XL Group …
According to a scientific study conducted by the University of Würzburg on the basis of loss data from Munich Re’s NatCatSERVICE database, “emerging countries are excessively affected by losses from natural catastrophes, as measured in terms of their economic output. …
The retail insurance franchise Brightway Insurance has opened its first store in North Carolina. Dimitri Apostle, the new owner, Apostle opened the store in Huntersville with his father, Peter. Apostle has 10 years of insurance experience and previously worked for …
Bob Rusbuldt, president and CEO of the Independent Insurance Agents and Brokers of America – the Big “I”- takes issue with a McKinsey report that claims local independent agents will soon be extinct. In this third installment from an interview …
One year after Superstorm Sandy struck the state, New Jersey Department of Banking and Insurance (DOBI) Commissioner Ken Kobylowski is cautioning consumers to remain vigilant about insurance fraud. “Each year, insurance fraud costs companies tens of billions of dollars,” said …
For several years now now, a lot of people involved with insurance—me included —have been puzzling out the ways that new tobacco products like e-cigarettes and snus might impact life and health insurance markets. To date, the U.S. insurance industry …
The Insurance Industry Charitable Foundation and Sesame Workshop, the nonprofit organization behind Sesame Street, will be featured on the Katie Couric Show as part of a Halloween special on Thursday. IICF and Sesame Workshop have paired to promote the goal …
One year ago, Superstorm Sandy struck a dozen states in the Northeast and became the third costliest storm in U.S. history, after hurricanes Katrina and Andrew, according to the Insurance Information Institute (I.I.I.). “Every disaster offers lessons learned for future …
ProWriters is now providing agents and brokers access to online quoting and binding for small business professional liability insurance with general liability and/or a business owners policy (BOP). Quotes for small business risks can be accessed from an online portal …
The Texas Department of Insurance will hold a hearing on Oct. 30 to consider a petition by the Texas Windstorm Insurance Association to raise the maximum limits of liability for windstorm and hail insurance policies covering residential dwellings and individually-owned …
