A new report from Standard & Poor’s Ratings Services notes that “from October 2006 to August 2007, the Australian non-life [P/C] insurance industry underwent a deluge of activity that is changing the industry landscape permanently.” The report entitled, “Australian Non-Life …
A new report from Standard & Poor’s Ratings Services notes that the New Zealand non-life (P/C) insurance industry is still on a downward pricing cycle that has yet to correct. The report entitled, “Pursuit For Topline Growth Will Test Underwriting …
A Connecticut physicians group has sued three insurance companies, claiming they steer patients to certain doctors designated as elite to cut costs. In a lawsuit filed in Danbury Superior Court, the Fairfield County Medical Association accused Cigna Corp. and UnitedHealth …
The Davenport, Iowa Diocese has asked for more time to file its reorganization plan while it negotiates with insurance companies to compensate victims of clergy abuse. The diocese, which filed for bankruptcy last October after facing mounting sexual abuse lawsuits, …
The Florida Office of Insurance Regulation disapproved Metropolitan Casualty Insurance Co.’s and Metropolitan Property & Casualty Insurance Co.’s rate filings because they lacked the legally required signatures of either the Chief Executive Officer or Chief Financial Officer. This action resulted …
American International Group, Inc. (AIG) reports it is stepping up its presence in the German insurance market by acquiring a German insurer that offers coverage for small and medium firms. A subsidiary of AIG is acquiring Württembergische und Badische Versicherungs-AG …
Eight more insurance companies have signed on as sponsors of the National Association of Professional Insurance Agents’ award-winning agent branding program, Local Agents Serving Main Street America.S PIA announced that GMAC Insurance Management Corp., Hastings Mutual Insurance Co., Home Mutual …
The New York State Insurance Department today said that it expects all insurance companies in the state to participate in an exercise next month to evaluate the readiness of the nation’s financial services to survive a pandemic flu outbreak. “There …
So far the U.S. hurricane season has been remarkable for its absence, but Standard & Poor’s Ratings Services questions whether that trend will continue. In a report, entitled “Are U.S. Insurers Ready If The Calm Season Turns?”, S&P examines the …
SPARTA Insurance Holdings, Inc. reports that it has closed its contractual arrangements for funding in the amount of $279.1 million of private equity capital from a consortium of investors led by Corsair Capital, and including Goldman Sachs, York Capital Management, …
