They’re baaack. High-flying medical malpractice liability claims losses, that is. The availability crisis of the 1970s and the affordability crisis of the 1980s may be nothing compared to the crisis insurers and doctors face this time around. Almost 8 percent …
The Nebraska Banking, Commerce and Insurance Committee has approved an insurance scoring bill favored by insurers while voting down a bill that would have banned the use of credit information by insurers. Legislative Bill 487, which follows the National Conference …
ACE USA has announced a new organizational structure in which nine newly-named regional executives will oversee ACE’s regional operations. As the senior executive in each geographic region, and working closely with the ACE divisional presidents, the regional executives will oversee …
A bill moving through the Nebraska legislature would prohibit insurers from denying, canceling or non-renewing an insurance policy or basing rates solely on the basis of credit information. Legislative Bill 487 would also require insurers to disclose information about the …
A.M. Best Co. upgraded the financial strength ratings of Bituminous Insurance Companies to “A+” (Superior) from “A” (Excellent), Old Republic Union Insurance Company to “A” (Excellent) from “B++” (Very Good) (both of Illinois) and Old Republic Minnehoma Insurance Company (Arizona) …
A.M. Best Co. upgraded the financial strength ratings of Bituminous Insurance Companies to “A+” (Superior) from “A” (Excellent), Old Republic Union Insurance Company to “A” (Excellent) from “B++” (Very Good) (both of Illinois) and Old Republic Minnehoma Insurance Company (Arizona) …
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 …
A.M. Best Co. has upgraded the financial strength ratings of Bituminous Insurance Companies to A+ (Superior) from A (Excellent), Old Republic Union Insurance Company to A (Excellent) from B++ (Very Good) (both of Illinois) and Old Republic Minnehoma Insurance Company …
