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 …
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 …
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., …
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 …
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 …
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. …
Standard & Poor’s Ratings Services has affirmed its ‘A+’ counterparty credit and financial strength ratings on Nationwide Mutual Insurance Co. and its property/casualty affiliates (collectively Nationwide) after the announcement that it would acquire Harleysville. The outlook for the ratings remains …
Ironshore Inc. has named Rick Wood to serve as vice president of wholesale casualty. Wood will be responsible for the production of primary and excess surplus lines business with wholesale brokers nationwide, reporting to Tim McAuliffe, president of Ironshore specialty …
The Biloxi City Council has voted 6-1 to support the Ohr-O’Keefe Museum of Art. The Sun Herald reported that the council approved paying the minimum insurance on the city-owned buildings, covering half of the monthly utility bill up to $4,500 …
This could make the family Thanksgiving a bit uncomfortable. A Detroit-area man is suing his in-laws after falling through their garage attic while hunting for a Christmas wreath. The Michigan appeals court has reversed a decision by an Oakland County …
