The Georgia Department of Insurance has approved United Property & Casualty Insurance Co. (UPC) to write property/casualty insurance in the state as an admitted carrier. This brings the total number of states in the U.S. where UPC is authorized to …
Food safety rules the U.S. planned to implement this year are being delayed by months because the requirements were too complex for some farmers, regulators said. Two core rules of the Food Safety Modernization Act of 2011 that were proposed …
Americans whose health plans are being canceled because their coverage doesn’t meet Obamacare rules will be exempt from the mandate that they carry insurance, under a change announced by the Obama administration. Officials estimated the change will affect fewer than …
A.M. Best Europe – Rating Services Limited has placed under review with developing implications the financial strength rating of ‘A-‘ (Excellent) and issuer credit rating of “a-” of UK-based Sunderland Marine Mutual Insurance Company Limited (SMMI), following the announcement that …
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 CNA Financial Corporation (CNAF), also known as CNA Insurance Companies (CNA). Best also affirmed the …
Bradley Kading, president and executive director of the Association of Bermuda Insurers and Reinsurers (ABIR), has praised an intergovernmental agreement signed by US Consul General Robert Settje and Bermuda Minister of Finance the Hon. E.T. “Bob” Richards to implement the …
A report from S&P’s rating services notes that “after revising its insurance criteria earlier this year”, the rating agency “affirmed more than 91 percent of its global ratings, raised 7 percent, and lowered 2 percent. The regional and global differences …
Swiss Re has unveiled a new brand strategy and a modernized logo marking the day of its official 150 year anniversary. The new brand promise: “We’re smarter together,” aims to support Swiss Re’s ambition for business growth and differentiation in …
Catalina Holdings (Bermuda) Ltd, the long term consolidator in the non-life run-off sector, announced that, “following regulatory approvals received in Bermuda, Switzerland, Ireland, the US and the UK, funds and other entities (the ‘Apollo Investors’),” managed or advised by Apollo …
Checks will be carried out on historic theaters in London’s West End entertainment district today after 88 people were hurt when part of a ceiling collapsed during a performance last night. Seven people were treated for “more serious” injuries and …
