A.M. Best Co. placed the financial strength ratings of “A” (excellent) for American Re Corporation Group’s member companies under review with negative implications. Member companies include American Re-Insurance. Co., American Alternative Insurance Corp. and The Princeton Excess & Surplus Lines …
Delaware Insurance Commissioner Matthew Denn wants to restrict insurers from canceling homeowners’ insurance policies because they have made a few claims and require insurers to more fully disclose to insureds whether they have coverage for floods, theft and replacement value …
Los Angeles-based SCPIE Holdings Inc., a provider of healthcare liability insurance, reported continued improved results for its second quarter and first half ended June 30, 2005. For the 2005 second quarter, SCPIE reported net income of $1.7 million, or $0.18 …
AutoOne Insurance, a division of OneBeacon Insurance Group, announced that, pending regulatory approvals, AutoOne plans to expand its LAD (Limited Assignment Distribution) services to Arizona, Colorado, Montana, Nevada, New Mexico, Oregon, South Carolina, Idaho, Utah, Washington, West Virginia and Wyoming. …
NCRIC Group Inc. and ProAssurance Corporation jointly announced that NCRIC’s shareholders have approved NCRIC’s merger into ProAssurance. The approval came at Tuesday’s special meeting of shareholders in which an overwhelming majority of votes cast were reportedly in favor of the …
Delaware’s new system to track the results of medical malpractice claims is up and running, with the goal of lowering medical costs by proving to insurance companies that Delaware is a favorable place to insure doctors and that rates for …
AutoOne Insurance, a division of OneBeacon Insurance Group, has written its 100,000th so-called “take-out” policy, helping to reduce the number of drivers in the New York Assigned Risk Automobile Insurance Plan. “We are thrilled to have reached this milestone,” said …
After a string of high-profile data thefts and losses, business leaders this week announced an education campaign to better protect sensitive client information from hackers and other thieves. “The fraudsters are ever more sophisticated than they have been in the …
Delawareans would be able to evaluate insurance companies based on the number and kinds of valid complaints made against them by their customers under a new system proposed by Delaware Insurance Commissioner Matthew Denn. Denn has proposed a regulation that …
ACE USA, the U.S.-based retail operating division of The ACE Group of Companies, today announced that Steven J. Reiss has been named senior vice president and regional executive for the Mid-Atlantic region. Based in Philadelphia, Reiss will be responsible for …
