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California Fund Proposes Insurance to Stimulate Clean Energy Investments

Finding the capital to get a new power plant in the ground is no small task for any company, but for developers aiming to use emerging clean energy technologies, the challenges are even greater. A California clean energy fund, CalCEF, …

Analysis: Health Care Tops 2012 Debate in Arkansas

Democrats in Arkansas next year can’t escape the debate over the health care overhaul. They can at least try to change the conversation in their favor. The dispute between Democratic Gov. Mike Beebe’s administration and legislative Republicans over whether to …

Three Work Comp Safety Groups Earn Combined $848K in Texas Mutual Dividends

Texas Mutual Insurance Co. announced that three workers’ compensation safety groups have earned a combined $847,714 in dividends. The dividends were based largely on each group’s overall loss ratio. The largest dividend, $398,186, went to the Lone Star Auto Dealers …

Nine Texas Cities to Receive Smoke Alarms

Firefighters in nine Texas cities will be installing smoke alarms into the homes of low income and elderly residents thanks to this year’s We’re Out to Alarm Texas smoke alarm campaign. The program now in its seventh year has saved …

Farmers’ Filing Would Raise Homeowners Rates in Texas by Nearly 10%

Farmers Insurance plans to hike homeowner premiums in Texas by nearly 10 percent next year. The increase will apply to about half of the Farmers Insurance customers across Texas, according to a report in The Dallas Morning News. The higher …

Cyber Threats to Expect in Coming Year

The year ahead will feature new and sophisticated means to capture and exploit user data, as well as escalating battles over the control of online information that threaten to compromise content and erode public trust and privacy. Those are the …

Transatlantic Says in Talks with Fourth Suitor

Bermuda-based reinsurer Transatlantic Holdings Inc , which has been at the center of a months-long buyout battle, said it entered talks and signed a confidentiality agreement with a fourth, unnamed, suitor. Transatlantic is already in discussions with Validus Holdings Ltd., …

Best Affirms OneBeacon Group’s Ratings; Outlook Stable

A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and the issuer credit ratings (ICR) of “a” of the operating companies comprising Minnesota-based OneBeacon Insurance Group. Best also, affirmed the ICR of “bbb” of OneBeacon’s publicly …

Moody’s: P/C Insurers More Mindful of Inflation Risks

Until recently, the risk of inflation shocks has not ranked high on the agenda for U.S. property/casualty insurers, Moody’s Investors Service says in a new report, but aggressive monetary policy over the past few years has rekindled concerns about escalating …

Best Upgrades Ratings of Sirius America Insurance Company

A.M. Best Co. has upgraded the financial strength rating to ‘A’ (Excellent) from ‘A-‘ (Excellent) and the issuer credit rating to “a” from “a-” of New York-based Sirius America Insurance Company, formerly known as White Mountains Reinsurance Company of America. …

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