A.M. Best Co. has affirmed the financial strength ratings (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of Markel Insurance Company of Canada, Federated Insurance Company of Canada, Commonwealth Insurance Company, Commonwealth Insurance Company of America (based …
Michigan insurers say they’re raising $1 million to fund a new anti-arson program in Wayne County, which faces an increase in fires-for-profit during the economic downturn. County Prosecutor Kym Worthy says the state’s most populous county isn’t doing a good …
Despite tough economic times, salary budgets within the property/casualty insurance industry appear to be holding steady, according to a new study from an insurer trade group. According to the Property Casualty Insurers Association of America (PCI) Insurance Compensation Survey, property/casualty …
There are “strong indications” that the justifications for the insurance industry’s limited antitrust exemption that existed in 1945, when McCarran-Ferguson was enacted, are no longer valid, an Obama administration official told Congress this week. However, the Department of Justice official …
Private equity firm Aquiline Capital Partners LLC, which is run by Jeffrey Greenberg, has acquired insurance consulting and asset management provider Conning & Co. from Swiss Reinsurance Co. Ltd. Conning & Co. reported the closing of the transaction today. Conning …
Thanks to El Nino, the 2009 Atlantic hurricane season has been the quietest in more than a decade, offering a reprieve for residents in the danger zone and a chance for insurance firms to refill depleted coffers. With the peak …
The National Transportation Safety Board has completed its on-scene investigation of a midair collision in Louisiana that killed both men in one plane and injured a man and a woman in another. Board spokesman Terry Williams says NTSB and Federal …
Willis Re, the reinsurance arm of global insurance broker Willis Group Holdings Limited, has announced a series of management changes and a new organizational structure “designed to respond to the evolving marketplace and to better leverage the unit’s talent and …
The White House Monday blasted a report from the health insurance industry that said Senate healthcare legislation would lead to increases in annual insurance premiums of as much as $4,000 by 2019. The report for the industry trade group America’s …
A.M. Best Co. has affirmed the financial strength rating of ‘A+’ (Superior) and the issuer credit rating of “aa-” of Italy’s Assicurazioni Generali S.p.A., both with stable outlooks. Best also affirmed the ratings of debt instruments issued or guaranteed by …
