Standard & Poor’s Ratings Services said that it lowered its counterparty credit and financial strength ratings on Washington Casualty Co. to single-‘Bpi’ from triple-‘Bpi’ because of the company’s deteriorating surplus position, which was caused by substantial underwriting losses. Washington Casualty …
Acordia Inc. announced the formation of Acordia RE. The new global reinsurance intermediary, offering a full spectrum of services to plan, design and implement insurance, reinsurance and risk programs, operates as a subsidiary of Acordia Inc. The company is headquartered …
Nuts & Bolts: Victor O. Schinnerer & Company is now offering innovative liability coverage to architects, engineers, land surveyors, landscape architects and specialty consultants through CNA’s E-Pack. In addition to D&O and fiduciary, Schinnerer’s current EPL program protects against wrongful …
Insurance associations have been abuzz the past couple of weeks with regard to impending changes and new proposals to privacy regulations under Congress’ Gramm-Leach-Bliley Financial Modernization Act (GLB). Each state has already finalized details fulfilling one aspect of the GLB …
The Society of Certified Insurance Service Representatives (CISR) and the Society of Certified Insurance Counselors (CIC), both headquartered in Austin, have selected the state winners of the 2002 Outstanding CSR of the Year Award. Tammy Crider captured the honor in …
The Society of Certified Insurance Service Representatives (CISR) and the Society of Certified Insurance Counselors (CIC), both headquartered in Austin, have selected the state winners of the 2002 Outstanding CSR of the Year Award. Donna L. Walker of Westwood Insurance …
Standard & Poor’s has lowered its counterparty credit and financial strength ratings on Oregon-based Northwest Physicians Mutual Insurance Co. to single-‘Bpi’ from triple-‘Bpi’ because of significant declines in capitalization, profitability, and liquidity following the removal of noneconomic award caps by …
The Alliance of American Insurers expressed satisfaction with the decision by the Montana State Fund to postpone introduction of a bill that would have transformed the fund into a mutual insurance company in a format that lacked direct regulatory oversight, …
The Montana State Legislature should be skeptical of the Montana Workers’ Compensation State Fund’s (State Fund) proposal to privatize when lawmakers return for their Aug. 5 special session, according to the American Insurance Association (AIA). “The State Fund’s reorganization proposal …
Safe Harbor Surplus has available programs for condo/homeowner associations, property management firms and property managers. Condo coverages are for D&O, EPLI, fidelity, umbrella and workers’ compensation. Coverages for property management are BOP, D&O, EPLI and fidelity. Coverages for property managers …
