A.M. Best Europe – Rating Services Limited has upgraded the financial strength rating (FSR) to ‘A+’ (Superior) from ‘A’ (Excellent) and issuer credit rating (ICR) to “aa-” from “a+” of Zurich Insurance Company Limited (ZIC), the main operating company of …
A.M. Best Co. has upgraded the financial strength rating (FSR) to ‘A+’ (Superior) from ‘A’ (Excellent) and issuer credit ratings (ICR) to “aa-” from “a+” of the U.S. subsidiaries of Zurich Insurance Company Limited (ZIC), including the lead company of …
Arthur J. Gallagher & Co. has acquired Behnke & Co. Inc., a retail insurance broker headquartered in Decatur, Ill. Terms of the transaction were not disclosed. Established in 1983, Behnke & Co. provides commercial property/casualty, employee benefits and risk management …
Executives at Florida-based lender BankAtlantic Bancorp Inc. failed to alert investors about risks in its real estate loan portfolio as the U.S. housing market collapsed, a Miami federal jury ruled Thursday in a rare securities fraud class action verdict. The …
Wyoming has the unfortunate record of having the highest rates of motor vehicle fatalities per 100,000 people, with a rate of 24.6, according the U.S. Department of Transportation’s Fatality Analysis. According to the recent report, there were 30,797 fatal motor …
The Navigators Group, Inc.’s principal underwriting agency subsidiary, Navigators Management Company Inc., has introduced a foreign package coverage called NAV PAC Global (NPG). Industry veteran Susan Fontaine has been hired to lead this initiative as senior vice president and practice …
Federal safety officials are calling on states to require all motorcycle riders to wear helmets, citing a surge in fatalities since the late 1990s. Motorcycle deaths have increased over the last decade even as other traffic fatalities have declined, the …
Aspen Insurance now offers inland marine and ocean marine cargo insurance products in the U.S. Aspen will utilize both broker and agency distribution and will consider specialized managing general agents for select lines of business. Rich Soja, executive vice president …
For those who question the intelligence of insurance companies, here’s a new industry development that should answer those questions once and for all: The insurance industry is ecstatic because it just dropped $40 million on a three-bedroom house that fell …
The United States is lagging behind nearly every other high-income country in reducing annual traffic fatalities, said a report released this week by a U.S. government research panel. There’s some good news: U.S. traffic fatalities fell 9.7 percent in 2009 …
