Idaho Department of Insurance Director Bill Deal is urging insurers to carefully review their use of credit related information in rating insurance policies. “In this difficult economy, the finances of many Idahoans are being affected through no fault of their …
A report from Standard & Poor’s Ratings Services notes that “in a confidence-sensitive industry, many insurers have seen their financial strength acutely affected by market perception of their credit quality. The report – “Evaluating Liquidity Triggers In Insurance Enterprises,” published …
In a confidence-sensitive industry, many insurers have seen their financial strength acutely affected by market perception of their credit quality, according to “Evaluating Liquidity Triggers In Insurance Enterprises,” published by Standard & Poor’s Ratings Services. “Ratings are based on fundamental …
BrickStreet Insurance said it is looking to shed 50 employees in a move to cut costs following the loss of its monopoly in writing workers’ compensation insurance policies to West Virginia businesses. The action is expected to save $2 million …
Fear of conflict, instability, crime and increasing state intervention arising from the financial crisis might sound like good news for political risk consultancies that have sprung up in recent years — but in reality the industry is feeling the crunch, …
U.S. insurance companies trying to get access to government funding can apply for a bank or thrift charter at the same time as they apply for a cash infusion under the U.S. government’s $700 billion financial services rescue package, two …
A pedestrian who was injured by a drunk driver can only recover the amount the medical providers accepted from her insurer, not the total amount billed, the California Court of Appeal has ruled. According to People v. Bergin, Jennifer Armstrong …
Missouri does not have to refund more than $5.7 million in taxes paid by eight insurance companies because the firms’ request to get their money back didn’t arrive on time. The out-of-state insurance companies each requested refunds from taxes paid …
Billionaire Warren Buffett’s Berkshire Hathaway Inc. owns two more insurance companies after completing a deal with White Mountains Insurance Group. Documents filed with the Securities and Exchange Commission show the companies consummated the deal last Friday. It was announced in …
Florida’s state-backed Citizens Property Insurance Corp. will begin offering a commercial nonresidential multi-peril policy on Nov.17. This new policy will be available to eligible nonresidential risks located statewide. House Bill 1A from 2007 required that Citizens develop a plan to …
