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 …
A.M. Best Co. has affirmed the financial strength rating of ‘A-‘ (Excellent) and the issuer credit rating of “a-” of Singapore Reinsurance Corporation Limited, both with stable outlooks. The ratings reflect Singapore Re’s “superior risk-adjusted capitalization level, increasing presence in …
California’s Insurance Commissioner Steve Poizner announced today that Peter Conlin has been appointed deputy commissioner for policy and regulations and counsel to the Commissioner for the Department of Insurance (CDI). Conlin replaces outgoing Deputy Commissioner and Counsel to the Commissioner …
Los Angeles, 9 October 2009 – Lois J. Massa has joined GJS Re as Senior Vice President effective September 8, 2009. Lois is responsible for structuring and managing insurance products/placements on behalf of program administrators and markets. GJS Re is …
In a 9-0 decision, the Mississippi Supreme Court has ruled that so-called “all-risk” home insurance policies may cover wind damage from hurricanes, even in situations where the loss is later exacerbated by water from storm surge. The state high court …
The state of Oklahoma could raise between $150 million and $200 million if it sold the agency that writes worker’s compensation insurance to the highest private bidder, officials of a Chandler-based insurance company told members of a legislative task force …
California ‘s six largest health insurers will waive co-pays and deductibles to make sure their members can all get the H1N1 flu vaccine, state Insurance Commissioner Steve Poizner announced yesterday. “I am pleased that Aetna, Anthem/Blue Cross, Blue Shield, CIGNA, …
The Michigan Supreme Court on Oct. 7 heard the opening arguments in a closely watched case that may decide the fate of insurers’ use of credit history in setting premium rates for personal lines policies in that state. In 2005, …
J. M. Woodworth RRG, Inc., a medical malpractice Risk Retention Group that insures physicians and surgeons in New York, is reducing the capital new policyholders are required to pay by 83 percent through the end of this year. The company …
Swiss Re has received a composite license from Bank Negara Malaysia to write Retakaful business, and has opened a dedicated Retakaful operation in Malaysia’s capital, Kuala Lumpur. Swiss Re said the composite license will allow it to “offer Family and …
