While 2009 was a tough year to do business, state and city leaders say 2010 and 2011 will be even tougher — the outcome of which could have negative implications for the insurance industry. A number of states are struggling …
A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of Farmers Insurance Group and its members. Best also affirmed the debt ratings on the outstanding surplus notes of Farmers …
Richfield, Ohio-based National Interstate Insurance Company reports it experienced significant expansion in its Alternative Risk Transfer (ART) component in 2009. The company added 114 companies to its group captive programs, bringing the total to 384 companies at year end. During …
The chance of a significant earthquake rocking the Reno-Sparks, Nev., area over the next half century is on the rise, with a 67 percent likelihood a magnitude 6.0 will strike within 31 miles by 2060, a new report said. That’s …
Zurich North America Commercial’s Specialties business unit is now offering a monoline umbrella product for customers engaged in the lumber and hardware industries. This offering is administered by the Huntersville, N.C.-based American Lumber Underwriters and is available to agents and …
Thomas J. Schaffler has been named president of Lockton Cos. employee benefits practice in Chicago. He joined Lockton more than 10 years ago as executive vice president and producer and serves on the Chicago executive committee. He is also a …
Stuckey & Co., the managing general agent for the Aspire A&E (architects and engineers) insurance program, has introduced an online application for small architectural and engineering firms to apply for and receive insurance coverage from their local agents. The online …
Foodborne illnesses cost the United States $152 billion in health-related expenses each year, according to a study released by consumer and public health groups on Wednesday. Food safety advocates are hoping that the study will boost efforts in Congress to …
An insurance company operating in Hawaii and 20 other states has been ordered to stop marketing and enrollment of new members to its Medicare Part D prescription drug plan. The order affecting Fox Insurance Co. of New York came from …
A.M. Best Co. has downgraded the financial strength ratings to ‘B++’ (Good) from ‘A-‘ (Excellent) and issuer credit ratings to “bbb” from “a-” of Western Insurance Company (WIC) and Western Bonding Company (WBC), both of Reno, Nevada, and has revised …
