A national insurer trade organization is praising the Kansas Legislature for passing legislation (HB 2501) that includes what the trade group says are positive changes to the state’s laws regarding the credit information in insurance scoring. Provisions added to the …
The Arizona House Commerce Committee has unanimously endorsed newly proposed legislation to require State Compensation Fund of Arizona (SCF Arizona) to become a private mutual insurance company owned by its policyholders. The bill states that the successor mutual insurer corporation …
Tower Australia Ltd will be interested in buying the “well-run” Australian business of AIA if it comes up for sale, as it moves into the fast-growing group insurance sector, Tower’s chief executive said on Thursday. “It is something we will …
A.M. Best Co. has upgraded the financial strength rating to A- (Excellent) from B++ (Good) and issuer credit ratings to “a-” from “bbb” of Producers Agriculture Insurance Group (ProAg) and its members, Producers Agriculture Insurance Company and Producers Lloyds Insurance …
Pennsylvania-based insurance agency franchisor Keystone Insurers Group has more than 200 agency owner-partners and it’s not done yet, says Colin Buzzard, Keystone’s executive vice president of sales and marketing. Currently, Keystone has agency partners in Pennsylvania, North Carolina, Virginia, Indiana …
Munich Reinsurance America, Inc. has changed its brand name from Munich Re America to Munich Re and adopted the Munich Re logo for all marketing materials. The company said its positioning strategy will focus on offering clients specialist consulting services; …
Ireland in general and Dublin in particular are in a financial crisis but the insurance and reinsurance sectors appear to be weathering the storm. In a recent interview, Sarah Goddard, CEO of the Dublin International Insurance Management Association (DIMA), said …
U.S. oil refineries have an ongoing problem with accidents that turn deadly, losing four times as much money from such incidents than refineries in the rest of the world, according to an insurance company report obtained by The Associated Press. …
A bulletin from Marsh’s London office notes that in the wake of the global financial crisis, “businesses in all parts of the world are strengthening their risk governance, including management of their counterparty risk.” In the process of gauging the …
Hartford Financial Services Group Inc. will restructure itself under a plan to reignite growth by courting small- and medium-sized businesses as clients and reining in risk. The announcement of the plan comes a day after the insurer, the 10th-oldest company …
