A national organization of state insurance regulators found that Oklahoma has resolved problems in the financial examination section of the state insurance department that were discovered in a review of the agency in February 2010. Oklahoma Insurance Commissioner John D. …
A.M. Best Co. has downgraded the financial strength rating (FSR) to ‘D’ (Poor) from ‘B-‘ (Fair) and issuer credit rating (ICR) to “c” from “bb-” of Universal Casualty Company (UCC). The outlook for both ratings is negative. Best has also …
A.M. Best Europe – Rating Services Limited has placed the financial strength rating (FSR) of ‘A-‘ (Excellent) and issuer credit rating (ICR) of “a-” of Bermuda-based Omega Specialty Insurance Company Limited (OSIL) and the ICR of “bbb” of Omega Insurance …
In a recent bulletin the Insurance Council of Australia (ICA) said it “has welcomed the National Disaster Insurance Review announced by the Federal Government.” ICA CEO Rob Whelan said the National Disaster Insurance Review has the full support of the …
A.M. Best Co. has placed under review with negative implications the financial strength rating of ‘A’ (Excellent) and issuer credit rating of “a” of New Zealand Local Government Insurance Corporation Limited (Civic Assurance). Best explained that the rating actions reflect …
