S&P’s lowered its counterparty credit and financial strength ratings on Iowa-based Farm Bureau Mutual Insurance Co. (Farm Bureau) and Western Agricultural Insurance Co. (Western Agricultural) to “BBBpi” from “Api.” “Poor operating performance, declining capitalization, and geographic concentration,” were cited as …
S&P’s lowered its counterparty credit and financial strength ratings on Iowa-based Farm Bureau Mutual Insurance Co. (Farm Bureau) and Western Agricultural Insurance Co. (Western Agricultural) to “BBBpi” from “Api.” “Poor operating performance, declining capitalization, and geographic concentration,” were cited as …
Fitch Ratings announced that it has downgraded its long-term credit rating of ING Verzekeringen N.V.(INGV) to ‘A+’ from ‘AA-‘ and removed it from Rating Watch Negative. It also adjusted the ratings on the Group’s U.S. subsidiary companies to reflect the …
Due to the restricted coverages available in the market today, risk retention groups (RRGs) have experienced a significant amount of rapid growth over the past year. At a time when the industry is facing what is perhaps the most serious …
S&P’s lowered its counterparty credit and financial strength ratings on Traders Insurance Co. (Traders) to “Bpi” from “Bbpi.” The ratings agency lowered the company’s ratings based on “weak and volatile operating performance, limited operating scope, and decline in liquidity,” according …
Due to the restricted coverages available in the market today, risk retention groups (RRGs) have experienced a significant amount of rapid growth over the past year. At a time when the industry is facing what is perhaps the most serious …
Standard & Poor’s has lowered its counterparty credit and financial strength ratings on Iowa-based Farm Bureau Mutual Insurance Co. (Farm Bureau) and Western Agricultural Insurance Co. (Western Agricultural) to ‘BBBpi’ from ‘Api’. “The rating action is based on the companies’ …
Iowa Commissioner Therese Vaughan, outgoing president of the National Association of Insurance Commissioners (NAIC), will deliver the keynote address at the 2003 American Association of Insurance Services (AAIS) Annual Conference, April 6-8 in Monterey, Calif. To register for the conference, …
Continuing its expansion of state advocacy, the National Association of Mutual Insurance Companies (NAMIC) has named Joe Thesing, formerly with the Ohio School Boards Association, to the position of State Advocate. Thesing will work on collaborations with state insurance trade …
The Great Lakes Chapter of the Association of Insurance Compliance Professionals (AICP) is sponsoring an Education Day Thursday, March 20, at the Clarion Barcelo Hotel, 5615 North Cumberland, Chicago. The conference will feature representatives from various insurance departments who will …
