Global Broker Willis Group Holding’s recently published “Energy Market Review” concludes that “despite extraordinary losses incurred by the 2005 hurricane season, the energy insurance market has proven remarkably resilient. However, with numerous changes and challenges affecting the industry, it is …
Standard & Poor’s Ratings Services has affirmed its “A” counterparty credit rating on Bermuda-based reinsurer PartnerRe Ltd. (PRE), its “AA-” counterparty credit and financial strength ratings on PRE’s operating reinsurance subsidiaries Partner Reinsurance Co. Ltd., PartnerRe S.A., and Partner Reinsurance …
The 2006 hurricane season begins in one week, and homeowners from Corpus Christi to Coral Gables to Cape Cod hopefully are heeding the advice of government officials, disaster relief organizations, and insurers by taking actions to protect their homes and …
A settlement has been reached with a North Carolina-based company, resolving price gouging allegations stemming from the 2004 hurricane season, according to Florida Attorney General Charlie Crist. Southeastern Restoration, Inc., also known as Afterdisaster, will pay more than $19,500 in …
A.M. Best Co. has assigned a debt rating of “bb” to Bermuda-based Arch Capital Group Limited’s $125 million 7.875 percent non-cumulative Series B preferred shares with a stable outlook. Arch’s remaining debt ratings and the financial strength rating of “A-” …
Floridians are being urged to take advantage of the state’s “Hurricane Preparation Tax-Free Holiday,” which continues through June 1, and to prepare for the upcoming hurricane season by Tom Gallagher, Florida’s DFO and Fire Marshall. Gallagher also announced that the …
Due to the upcoming start of Hurricane Season on June 1, the Professional Insurance Agents (PIA) of Louisiana launched a public awareness campaign that includes the following tips for insurance consumers to prepare for the upcoming season, information regarding the …
The hurricane insurance package passed by the Florida Legislature just before adjournment May 5 is the most significant property insurance bill since major legislation following Hurricane Andrew in the early 1990’s, according to the Florida Insurance Council. The bill was …
Jim and Evelyn Burke’s Pensacola Bay, Fla. home provided a dream retirement for 13 years, evenings watching purple and pink sunsets on their private dock and mornings glimpsing dolphins frolicking outside their kitchen widow. Then came Hurricane Ivan. The Category …
Atlantic and Gulf states can expect a “very active” hurricane season, with 13 to 16 named storms, eight to 10 hurricanes and four to six major hurricanes, according to the National Oceanic and Atmospheric Administration’s 2006 Atlantic hurricane season outlook …
