2010’s Top Insurance Stories in the West December 23, 2010 By Patricia-Anne Tom In 2009, independent insurance agents and brokers faced a “perfect storm” with the economic downturn, premiums at a fraction of...
RLI To Acquire Contractors Bonding Insurance Co. December 23, 2010 Peoria, Ill.-based RLI Corp. announcedthat it will acquire Contractors Bonding Insurance Co. (CBIC) through an acquisition of its holding company,...
Willis’ FINEX National Strengthens VEAGIS for UK Property Experts December 23, 2010 FINEX National, which handles financial, professional and management liability insurance for clients of Willis Group Holdings, announced that it has...
New York Agents Plan Court Appeal over Pay Disclosure Rules December 23, 2010 By Kenneth J. St. Onge Two New York agents’ groups said they have taken the first steps to appeal a decision by state court judge...
Ratings: Aspen, Allianz Risk Transfer, Inter Hannover UK, Transsib Re, Jordan Insurance December 23, 2010 Standard & Poor’s Ratings Services has assigned its preliminary ‘BBB+’ senior debt, preliminary ‘BBB’ subordinated debt, preliminary ‘BBB-‘ junior subordinated...
Insurance Year in Review: East Edition December 23, 2010 By Kenneth J. St. Onge The touchy subject of agents’ commissions dominated headlines in 2010 — particularly in New York where regulators unveiled new rules...
Insurers’ Recent Success a Milestone in a Year of Chinese Drywall Litigation December 23, 2010 A federal judge in Louisiana recently let 10 insurance companies being sued by Louisiana homeowners over property damage resulting from...
12 Days of Riskmas: An Insurance Broker’s Story December 22, 2010 By Andrew G. Simpson In giving her Christmas gifts for 12 straight days, a true love inspires his girlfriend to build a whole new...
Catlin Raises Estimates of NZ Quake Losses to $45 Million December 22, 2010 Catlin Group Limited announced that, “based on total insured losses from the New Zealand earthquake of US$5.5 billion to US$6...
Best Affirms Lloyd’s Syndicates 2623, 623, 3623, 3622 Ratings (Beazley) December 22, 2010 A.M. Best Europe – Rating Services Limited has affirmed the financial strength ratings of ‘A ‘(Excellent) and issuer credit ratings...