Monthly Archives: March 2001

S&P Affirms Oregon Mutual

The “BBBpi” FSRs on Oregon Mutual Insurance Co. was affirmed by S&P. The rating action was based on the consolidated...

S&P Affirms Halcyon

The “AApi” FSR on Halcyon Insurance Co. was affirmed by S&P, which cited the company’s participation in a reinsurance agreement...

Meadowbrook on WatchNeg

The FSRs on the Meadowbrook Insurance Group were downgraded from “A-” to “B++” and placed under review with developing implications...

HIH Ratings Lowered, Withdrawn

The insurer financial strength ratings on the core operating units of HIH Insurance Ltd. (HIH) were lowered from “BBB-” to...

FRANKEL PLEADS NOT GUILTY

Financier Martin Frankel pleaded not guilty March 12 to a string of charges, including securities fraud, racketeering and conspiracy. Frankel...

ALLSTATE HIKES UP RATES

Allstate Insurance, which insures 2.1 million drivers in California, plans to raise premiums by 6.9 percent-a move that could force...

FARMERS CLOSES SOME DOORS

In a decision that will affect roughly 130 employees, Farmers Insurance Group is closing its Southern California service center in...

PROGRESSIVE CORP. GOES WIRELESS

Progressive customers can now make insurance payments, find local agents and get information about Progressive products by connecting to progressive.com...

LLOYD’S WINS AGAIN

On March 16, the U.S. Senate voted 79-18 to remove a provision in the pending Bankruptcy Reform Bill that would...