Standard & Poor’s Ratings Services has removed both Transatlantic Holdings and Allied World Assurance Co. Holdings AG from its CreditWatch Positive, where they were placed on June 13, following the announcement of their merger agreement. S&P’s long-term counterparty credit rating …
The airline industry had a “relatively turbulent free start to the third quarter, with losses hitting a five-year low of $794 million,” according to the latest report from the Aerospace division of Willis Group Holdings. . The company’s monthly Airline …
An average 9.1 percent increase in New York State’s workers compensation loss costs is scheduled to go into effect Oct. 1. The planned change was previously approved by the New York State Insurance Department in mid-July. Back in May, the …
The summer has come to a close and it’s time for a new school year. This fall, some 2 million new college freshmen across the country are arriving at university campuses to begin their collegiate life. Paying for college is …
Illinois-based insurance software firm Applied Systems has named Reid French as the company’s new chief executive officer. As CEO, French will direct Applied Systems business strategy, develop client relationships, and oversee daily operations. He also becomes a member of the …
Maine Governor Paul LePage has chosen Eric Cioppa to be the next superintendent of the Maine Bureau of Insurance. Cioppa has been serving as acting superintendent since June when former Superintendent Mila Kofman resigned from the post. The Maine Senate …
The Texas Forest Service reports that an estimated 1,939 homes have been destroyed in the state by wildfires since the Labor Day weekend. The insured losses from the Bastrop County Complex fires alone could reach $150 million, according to the …
The Hartford will provide the National Wildlife Federation’s four million members, partners and supporters with access to its auto and home insurance through a special program that offers discounted rates in most states. The National Wildlife Federation works with communities …
A workers’ compensation rate increase may be in store for Washington for 2012. The state’s Department of Labor & Industries (L&I) on Monday asked the Workers’ Compensation Advisory Committee for input on restoring the workers’ compensation reserve funds, which have …
Aon Risk Solutions has appointed Dennis J. Pfeffer as appointed senior vice president and resident sales director for the Omaha, Neb., office. Pfeffer is experienced in the design of both traditional and alternative risk management programs, with a focus on …
