Leading insurance and other financial services companies have signed a research agreement with federal homeland security officials to improve cybersecurity in the financial sector. Through a public-private sector memorandum of understanding signed on Dec. 6, the National Institute of Standards …
An Indiana infant born with a rare condition that likely would kill him by age 2 will receive a shot at a normal life after an insurance company said it will pay for an experimental procedure that the state’s Medicaid …
The Arkansas Department of Insurance is reminding insurance agents and insurers to take care when providing Certificates of Insurance to policyholders. The department said there have been recent instances in which policyholders have been provided with certificates “that contain additional …
U.S. life/health industry’s nine-month net premiums written rose 2.6 percent to $424.2 billion, reflecting the first increase since year-end 2008, according to a new report. In its nine-month financial review of the industry, A.M. Best & Co. reported that admitted …
Bermuda-based PartnerRe Ltd. announced the repurchase of 1,283,336 common shares in a privately negotiated transaction with an institutional shareholder. The shares, totaling approximately 1.7 percent of total common shares outstanding as of September 30, 2010 were purchased at a price …
Flagstone Reinsurance Holdings, S.A., announced that Mark Byrne, Flagstone’s co-founder and former Executive Chairman, has decided to retire as a member of the Company’s Board of Directors. “As one of our founders and Executive Chairman, Mark was instrumental in establishing …
A.M. Best Co. has removed from under review with negative implications and affirmed the financial strength rating of A (Excellent) and issuer credit rating of “a” of Michigan Insurance Co. based in Grand Rapids, Mich. The outlook assigned to both …
Some New Jerseyans might have to pay if they need the fire department or an ambulance. Salem’s City Council has adopted an ordinance that would allow the fire department to charge to recover costs. The council says most fire and …
Catlin Group Limited, the international specialty property/casualty insurer and reinsurer, announced that its reinsurance subsidiary, Catlin Re Switzerland Ltd. has received approval from the Swiss Financial Market Supervisory Authority (FINMA) to operate as a reinsurance company. Catlin announced the Company’s …
A.M. Best Co. has downgraded the financial strength rating to B++ (Good) from A- (Excellent) and issuer credit rating to “bbb” from “a-” of Michigan Commercial Insurance Mutual (MCIM) in Lansing, Mich. The outlook for both ratings has been revised …
