They’re baaack. High-flying medical malpractice liability claims losses, that is. The availability crisis of the 1970s and the affordability crisis of the 1980s may be nothing compared to the crisis insurers and doctors face this time around. Almost 8 percent …
ACE USA has announced a new organizational structure in which nine newly-named regional executives will oversee ACE’s regional operations. As the senior executive in each geographic region, and working closely with the ACE divisional presidents, the regional executives will oversee …
Commerce Insurance Services (CIS), a wholly owned subsidiary of Commerce Bancorp, Inc., has acquired The Porch Agency headquartered in Bridgeton, N.J. Headed by president Joseph Porch, The Porch Agency serves the diverse insurance needs of school districts located throughout New …
NCRIC, A Mutual Holding Company (NCRIC-MHC), based in Washington D.C. and NCRIC Group, Inc., a Delaware corporation, announced that their respective boards of directors have approved a plan of conversion and reorganization for NCRIC MHC which will “complete the transition …
Due to the restricted coverages available in the market today, risk retention groups (RRGs) have experienced a significant amount of rapid growth over the past year. At a time when the industry is facing what is perhaps the most serious …
Due to the restricted coverages available in the market today, risk retention groups (RRGs) have experienced a significant amount of rapid growth over the past year. At a time when the industry is facing what is perhaps the most serious …
A.M. Best Co. announced that it has affirmed the financial strength rating of A- (Excellent) of World-Wide Reassurance Company Ltd. (WWR), a U.K. based subsidiary of Scottish Annuity & Life Holdings Ltd. (SALH) with a stable outlook. Best also assigned …
The Alliance of American Insurers characterized the Delaware Department of Insurance current regulatory proposals on Credit scoring as “a good starting point for addressing the issue,” but indicated that they “should be more consistent with federal credit reporting law.” At …
Harleysville Mutual Insurance Company has completed the in-market acquisition of Penn Mutual Insurance Company’s operations. Harleysville Mutual owns 56 percent of Harleysville Group Inc., a publicly traded holding company for nine regional P/C companies. “We’re pleased to have finalized this …
Richard Swoy, chairman of Superior Access Insurance of Irvine, Calif. announced the addition of an “A++ XV” Superior A.M. Best rated carrier offering professional liability coverage nationally. Quotes are available on-line and applications can be downloaded on a 24-hour basis. …
