A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating of ‘A’ (Excellent) and the issuer credit rating of “a” of Bermuda-based Rembrandt Insurance Company, Ltd. , a captive operation of Vitol Holding B.V., a global oil …
the bi-annual conference of the Federation of European Risk Management Associations (FERMA) got under way at 9:00 sharp in Stockholm’s striking new conference center. President Peter den Dekker, who will step down at the end of the conference, got things …
Hurricane Ophelia swirled to the east of Bermuda Saturday, whipping up showers, thunderstorms and surf on the British overseas territory as it raced northwards over the Atlantic, forecasters said. Ophelia, the third major hurricane of the 2011 Atlantic season, was …
The Ohio Bureau of Workers’ Compensation (BWC) board of directors has approved the creation of Grow Ohio, a program targeted toward job creation by lowering workers’ comp costs for employers new to Ohio, agency announced. The program could reduce premiums …
Calabasas, Calif.-based Western General Insurance Co.’s issuer credit rating has been downgraded by A.M. Best Co. to “bbb” from “bbb+” A.M. Best also affirmed the financial strength rating (FSR) of B++ (Good). The outlook for the ICR is negative, while …
The California Earthquake Authority (CEA) has completed what it called a “first-of-its-kind transaction,” taking reinsurance out of the equation and opening “a more direct path” to transfer financial risks posed by earthquakes, the authority said. Embarcadero Re, a Bermuda-based special …
Tropical Storm Irene has generated an estimated 28,500 claims, totaling over $90 million in Massachusetts, according to latest estimates by the state’s insurance division. The totals include 4,800 claims of $15.6 million in western and central Massachusetts. In western and …
Washington Metropolitan Area Transit Authority has recently filed a lawsuit against its insurer Lexington Insurance Co. of Boston charging that that the insurer failed to indemnify for the revenue losses in the train system’s ridership following the 2009 crash that …
Delaware Insurance Commissioner Karen Weldin Stewart has fined Allstate Insurance Co. and its subsidiary Encompass Insurance Co. a total of $50,000 for violations of Delaware insurance law. The fines are contained in two separate consent orders, signed by Stewart this …
Millennium Brokerage Group (MBG) has launched a new long term care (LTC) program that will be available to physicians and their families through AMA Insurance Agency’s Physician Financial Partners program. Physicians Financial Partners LTC program will have discounts specific to …
