A.M. Best Co. announced rating actions on Germany’s Muenchener Rueckversicherungs (Munich Re) and its U.S. subsidiary American Re Corporation Group. Best affirmed its financial strength ratings on the companies, lowered Munich Re’s debt ratings one notch, removed all the ratings …
Insurers are challenging a Delaware regulation that limits their ability to base homeowners insurance underwriting decisions on insureds’ past claims history. The American Insurance Association and the Property Casualty Insurers Association of America jointly filed a complaint for declaratory relief …
Cherry Hill, NJ: The McIntyre Group announced today a new strategic partnership with Seattle-based, Robert Callard & Associates, LLC. The partnership enhances the international risk management skills of The McIntyre Group by adding the international insurance experience of Robert Callard …
The First State’s Insurance Commissioner Matthew Denn is today holding what he thinks may be the state’s first true public hearing on workers’ compensation rates. The subject of today’s hearing will be a proposal to raise workers’ comp rates in …
A number of Mid-Atlantic states are forming what they are calling the All Hazards Consortium to increase preparedness by enabling emergency management participants to share strategies and integrate planning. The AHC, a not-for-profit organization, emerged from last year’s All Hazards …
In July, James Fry of Dagsboro, e-mailed Delaware Insurance Commissioner Matt Denn about an increase in his homeowner insurance premium that he knew couldn’t be right. Fry asked for an explanation of a proposed annual increase in his homeowner premium …
Paul T. Tetrault will represent the National Association of Mutual Insurance Companies as state affairs manager for the Northeast from a base near Boston. Tetrault, an attorney and former editor of The Standard, an insurance trade wekly, will advocate on …
A.M. Best Co. announced that it has removed from under review with negative implications and affirmed the financial strength rating (FSR) of “A” (Excellent) and issuer credit ratings (ICR) of “a” of Odyssey Re Holdings Corp.’s reinsurance and insurance subsidiaries …
Maryland Insurance Commissioner Alfred W. Redmer is leaving his state job to become chief executive officer of Coventry Health Care, a Delaware-based health insurance company. “It’s just a perfect opportunity,” Redmer said. “Coventry Health Care is one of the top …
Hartford, Conn.-based Aetna is expanding its Aetna Workers’ Comp Access network into six additional markets, adding to the more than 190,000 physicians and health care professionals and 900 hospitals currently participating in 11 other markets. AWCA offers a network access …
