Latest Assurance Headlines
All the headlines from our Assurance Topic Page, ordered by recency.
Pinnacol Assurance Names Johnson as New Chairman
Nov 23 2005 // Pinnacol Assurance, Colorado’s workers’ compensation insurer, has elected Gary Johnson as chairman. Johnson replaces Diedra Garcia, who will step down Nov. 30. Garcia is stepping down to dedicate more time to...
Mt. Washington Assurance Offers ID Fraud Protection to N.H. Policyholders
Nov 10 2005 // Mt. Washington Assurance Corporation announced the availability of its new Identity Fraud Expense Coverage for its New Hampshire policyholders. Offered as an inexpensive addition to existing homeowners policies, the...
Miss. Medical Assurance Co. Announces 5 Percent Decrease in Medical Malpractice Rates
Oct 14 2005 // Medical Assurance Co. of Mississippi, a physician owned provider which covers about 70 percent of the state’s physicians, has announced a 5 percent decrease in its 2006 malpractice rates and a 10 percent refund on...
Allied World Assurance Reports Gain in Q2 Income from 2004
Aug 5 2005 // Bermuda-based Allied World Assurance Holdings Ltd. has reported net income of $75.3 million for the second quarter 2005, compared to $69.4 million for the second quarter last year, an increase of 8.4%. Net income for the...
Ross Joins Pinnacol Assurance as President and CEO
Jul 28 2005 // Pinnacol Assurance, Colorado’s largest workers’ compensation insurer, announced that its board of directors has named Kenneth J. Ross as Pinnacol’s new president and CEO. Ross will succeed Gary Pon, who...
Colorado’s Pinnacol Assurance Issues Refund
Apr 21 2005 // Pinnacol Assurance, the state’s top provider of workers’ compensation insurance, plans to refund $55 million to employers across Colorado. The refunds reflect better safety, higher investment returns and more...
S&P Raises Real Legacy Assurance Co. Ratings to ‘BBB+’; Outlook Stable
Apr 8 2005 // Standard & Poor’s Ratings Services has raised its counterparty credit and financial strength ratings on Real Legacy Assurance Co. Inc. (RLA), formerly known as Royal & Sun Alliance Insurance (Puerto Rico)...
Skylink Technologies Inc. vs. Assurance Company of America
Apr 4 2005 // (7th U.S. Circuit Court of Appeals, applying Illinois law, March 11, 2005) –Ruling: Advertising injury coverage is inapplicable to claims that product failed to conform with statements of performance on...
Allied World Assurance Unveils Q4 Report
Mar 2 2005 // Bermuda-based Allied World Assurance Holdings Ltd. reported record net income of $103.0 million for the fourth quarter 2004, compared to $87.2 million for the fourth quarter last year. Net income for the twelve months...
Best Affirms Sovereign Assurance (NZ) ‘A’ Rating
Jan 7 2005 // A.M. Best Co. announced that it has affirmed the financial strength rating of “A” (Excellent) of New Zealand’s Sovereign Assurance Company Limited with a positive outlook. “The rating reflects the...
Best Withdraws Allied Dunbar Assurance and Eagle Star Life Assurance Ratings
Dec 22 2004 // A.M. Best Co. announced that it has withdrawn the financial strength ratings of the U.K.’s Allied Dunbar Assurance plc and Eagle Star Life Assurance Company Ltd at the request of the companies and assigned an NR-4...
Fitch Affirms XL Subsidiaries IFS Ratings
Dec 17 2004 // Fitch Ratings announced that it has affirmed the “AAA” insurer financial strength (IFS) ratings of XL Capital Assurance Inc. (XLCA), its subsidiary XL Capital Assurance (U.K.) Limited and affiliate XL Financial...
Allied World Assurance Expands N.Y. Operation for Underwriting
Aug 11 2004 // Allied World Assurance Holdings Ltd announced that its subsidiary, Allied World Assurance Company (U.S.) Inc., has expanded the capabilities of its New York office to underwrite excess liability and errors and omissions...
Swiss Re to Acquire Life Assurance Holding Corp.
Jul 2 2004 // In a move designed to increase its presence in the U.K.’s life and pension market, Swiss Re announced that it will acquire the shares of Life Assurance Holding Corporation Limited (LAHC), including its life insurance...
American Phys. Assurance Lowered
Mar 22 2004 // Standard & Poor’s Ratings Services lowered its counterparty credit and financial strength ratings on American Physicians Assurance Corp. (APA) to “BBB-” from “BBB,” and removed the...
Ascent Assurance Notes Q4 Results
Feb 27 2004 // Ascent Assurance, Inc. (AASR.OB) today reported net income, excluding preferred stock dividends recorded as interest expense, of $66,000 for the fourth quarter of 2003 as compared to a net loss of ($758,000) for the fourth...
Allied World Comments on Best’s ‘A+’ Rating
Jan 8 2004 // Allied World Assurance Company, Ltd. (AWAC) issued a comment on the “A+” (Superior) Rating, recently affirmed by A.M. Best Co. The rating agency had originally accorded the newly formed Bermuda-based insurer...
A.M. Best Downgrades Rating for Medical Assurance of W. Va.
Dec 29 2003 // A.M. Best Co. has downgraded the financial strength rating to B (Fair) from A- (Excellent) of Medical Assurance of West Virginia, Inc., (Charleston, WV) a wholly-owned subsidiary of Medical Assurance Company Inc. (MAI),...
Fitch Affirms XL Capital Assurance & XL Financial Assurance ‘AAA’ Ratings
Dec 24 2003 // Fitch Ratings announced that it has affirmed the “AAA” insurer financial strength (IFS) ratings of XL Capital Assurance Inc. (XLCA) and its affiliate, XL Financial Assurance Ltd. (XLFA). Both companies were...
Pinnacol Assurance To Reach Division of Insurance Surplus Goal
Dec 18 2003 // Pinnacol Assurance, Colorado’s leading provider of workers’ compensation insurance, announced today the company is about to reach its long-term surplus goal — several years ahead of schedule. Pinnacol...
