A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and the issuer credit rating (ICR) of “a” of German insurer HDI-Gerling Industrie Versicherung AG. Best also affirmed the debt rating of “bbb+” on the €250 million …
Standard & Poor’s Ratings Services has assigned its preliminary ‘BBB-‘ senior unsecured debt, ‘BB+’ subordinated unsecured debt, and ‘BB’ preferred shares ratings on Fairfax Financial Holdings Ltd.‘s US$2 billion universal shelf, which was filed on Sept. 18, 2009. S&P said …
A.M. Best Co. has assigned a debt rating of “a-” to the new issuance of $300 million 7.35 percent 10-year senior unsecured notes of W. R. Berkley Corporation, and has assigned them a stable outlook. Proceeds from the current offering …
The world’s reinsurers gathered in Monte Carlo over the first weekend in September for their annual conclave. This year’s meetings were calm by comparison with prior years — no hurricanes ravaging Florida, and a financial crisis that’s eased, leaving the …
Challenging market conditions, the financial crisis and the recession drove profitability downward for the U.S. workers’ compensation market in 2008. Changing regulatory conditions and reforms have also impacted the workers comp market, probably more than any other line of business, …
Insurance companies providing medical malpractice coverage in Missouri were profitable in 2008. It was the fifth consecutive year for positive earnings in that line of insurance, according to Missouri Department of Insurance. The department said its annual report on the …
Study Finds Few Workers File for Benefits Even When Seriously Injured Only 8 percent of lower wage workers injured on the job receive workers’ compensation benefits, according to a new report. Also, lower wage workers — those earning just over …
The board of Farm Bureau Mutual Insurance Co. in West Des Moines, Iowa, has approved a plan to reorganize into a mutual holding company structure. The plan is subject to approvals by the Iowa Insurance Commissioner and the company’s policyholders. …
A. M. Best Co. has revised the outlook to negative from stable and affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit rating of “a” of Mexico’s Grupo Nacional Provincial, S. A.(GNP). Best said the “ratings reflect GNP’s …
Family health care premiums rose an estimated three to five times faster than earnings for workers in Western states from 2000 through 2009, according to a report issued by the consumer health organization Families USA. In California, for example, family …
