The “Bpi” financial strength rating on Pasadena, Calif.-based PAULA Insurance Co. was lowered to “CCCpi” by S&P. Major rating factors include the company’s declining surplus level; highly unfavorable recent reserve development; sustained high leverage; and continued marginal operating performance. PAULA …
I have to say one thing for those direct writers—they sure do their market research homework. I recently moved to a new address, and no sooner had I finished putting in new shelf liner than I got a fat envelope …
In today’s steady economy, equine insurance could be one of the best markets you’ve never thought about tapping. Then again, if you don’t know the front end of a horse from the back, it could also be the toughest. Equine …
Four years ago, we wrote an article for Insurance Journal that outlined what we called the “Producer Dilemma.” This article follows up on what has been a chronic problem of finding good producers for the industry and addresses some new …
Robert A. Rusbuldt has stepped up as the new CEO of the Independent Ins-urance Agents of America (IIAA), replacing Paul A. Equale, who will now be focusing on his role as Chairman of the Democratic Business Council. Equale is joining …
Parts of Europe continue to be ravaged by two devastating livestock diseases: foot-and-mouth disease (FMD), or hoof-and-mouth; and bovine spongiform encephalopathy (BSE), also known as “mad cow” disease. In the United Kingdom alone, hundreds of thousands of animals have been …
In 1790, farmers made up about 90 percent of labor force. “Farming has changed so much. The old guy wearing his overalls, holding a pitchfork and standing with his wife in front of the barn—there just aren’t very many of …
The property/casualty insurance industry’s net income after taxes fell 7.5 percent last year to $20.2 billion from $21.9 billion the year before, according to figures released by the Insurance Services Office Inc. (ISO) and the National Association of Independent Insurers …
No one has ever accused American International Group’s (AIG) legendary CEO, Maurice “Hank” Greenberg, of thinking small or being timid. He reinforced his reputation on April 3 with a letter to American General CEO Robert Devlin, which outlined a $23-billion …
Four entities and three individuals have run aground of the law when it comes to selling marine policies in the State of California. The California Department of Insurance (CDI) issued a Cease and Desist Order on March 30 against International …
