A.M. Best Co. has affirmed the financial strength ratings (FSRs) of ‘A’ (Excellent) and issuer credit ratings (ICRs) of “a” of the operating insurance units of the former AIG Personal Lines Group, including the 21st Century Insurance Companies (collectively PAG). …
For 2008, the U.S. reinsurers reported net premiums written of $26.4 billion, premiums earned of $25.9 billion, according to the Reinsurance Association of America’s “Reinsurance Underwriting Review: 2008 Industry Results.” The report includes industry aggregate data and summarizes underwriting experience, …
Premier Insurance Management Services Inc. (PIMS) out of Charlotte, North Carolina, is offering a new professional medical liability insurance program to not-for-profit hospital members of the Premier healthcare alliance. PIMS, a wholly owned subsidiary of Premier, is parterning with Medical …
A judge has dropped an insurance company from a lawsuit accusing the Catholic Diocese of Green Bay, Wis., of covering up a priest’s sexual assaults. Milwaukee-based Indiana Insurance Co. asked to be dropped from the lawsuit, saying its policy didn’t …
Newly signed legislation in Tennessee will provide venture money for new companies with high growth potential, such as those involved in biotechnology and other innovations. The money will come from insurance companies that invest in the fund and then receive …
In the opinion of the Association of British Insurers, the UK’s government has made a mistake in the way it funds travel protection for victims of failed holiday tour operators. In 2007 the Government replaced insurance-backed ATOL (Air Travel Organizers’ …
UK specialist insurance and reinsurance broker Miller Insurance Services Limited announced that Nick Early and Tony Dryden have joined its Facultative Reinsurance business unit. Both men join Miller from Benfield Early has over thirty years experience in the reinsurance market. …
The UK’s insurers are fighting back in the war against fraud. According to a report published by the Association of British Insurers, “the cost of insurance fraud is now estimated to be £5.2 million [$8.48 million] every day,” as more …
A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of Bermuda-based Allied World Assurance Company and its operating affiliates. Best also affirmed the ICR of “bbb”, the debt rating …
The New York State Insurance Fund is reaching out to winners of federal, youth-training grants by offering free workplace safety services to those organizations. Ten organizations in the state — including United Way and Urban League affiliates — are receiving …
