The nation’s property and casualty insurers reported $8.47 billion in net claims (1) arising from the Sept. 11 terrorist attacks, according to research by Weiss Ratings Inc. Two groups of insurance companies, Berkshire-Hathaway and Hartford Fire & Casualty each had …
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 …
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 …
Standard & Poor’s lowered its counterparty credit and financial strength ratings onMutual Service Casualty Insurance Co. (MSC) of St Paul, Minn., to single-“Bpi” from triple-“Bpi” because of the companies’ rise in net leverage, decline in surplus, and weak profitability and …
Standard & Poor’s lowered its counterparty credit and financial strength ratings onMutual Service Casualty Insurance Co. (MSC) of St Paul, Minn., to single-“Bpi” from triple-“Bpi” because of the companies’ rise in net leverage, decline in surplus, and weak profitability and …
Newly formed Bermuda insurer AXIS Specialty Limited announced that that its US subsidiary, AXIS Specialty U.S. Holdings, Inc., has entered into agreements to purchase the Royal & SunAlliance Personal Insurance Company and the Connecticut Specialty Insurance Company. Upon the conclusion …
Illinois Insurance Director Nat Shapo announced last week that the Cook County Circuit Court issued an Order of Liquidation With a Finding of Insolvency against United Capitol Insurance, following the Department of Insurance’s determination that the company was insolvent by …
Illinois Insurance Director Nat Shapo announced that he obtained an Order of Conservation against United Capitol Insurance Company on Sept. 12, following the Department of Insurance’s determination that the company was insolvent by more than $1 million. The order was …
Now that the initial damage has been done, city officials have begun the grim task of removing bodies from both towers of the World Trade Center and the Pentagon. While there have been a few stories of survivors being pulled …
Swiss Re, the world’s second largest reinsurer, took an important step in reinsuring itself with the issuance and placement of $120 million in floating rate notes designed to provide protection against losses from Florida and Puerto Rico hurricanes and French …
