Monthly Archives: August 2001

ALAS Affirmed

Standard & Poor’s (S&P) affirmed its “AA” counterparty credit rating FSR on Attorney’s Liability Assurance Society (Bermuda) Ltd. and Attorney’s...

Majestic Insurance Co. Retains ‘A-‘

San Francisco-based Majestic Insurance Co., a California-based workers’ compensation carrier, has been assigned a rating of “A-” and a financial...

‘A-‘ for NIAC

A.M. Best Co. assigned an “A-” financial strength rating (FSR) to Nonprofits’ Insurance Alliance of California (NIAC) and “B++” ratings...

INSURERS PAYING POT CLAIMS

According to an AP Online report, insurers are paying out claims to a growing number of medical marijuana users whose...

ST. PAUL BUYS LONDON GUARANTEE

The St. Paul Companies finalized a definitive agreement to purchase London Guarantee Insurance Company for $80 million. The transaction is...

NEW PARTNERSHIP FOR W/C

Advantage Workers’ Compensation Insurance Company of Salt Lake City was named the underwriting partner of Boise-based WorkCare NorthWest, a partnership...

NAIC DEBATES FRAUD PROVISION

On behalf of the nation’s insurance commissioners, NAIC President and Kansas Insurance Commissioner Kathleen Sebelius is urging Congress to remove...

HO PREMIUMS UP SLIGHTLY

Overall, the industry reported a 6.6 percent increase in direct premiums for homeowners multiperil insurance from 1999 to 2000, according...

NEW SUVS DON’T CRASH WELL

Accord-ing to the Insurance Institute for Highway Safety, automakers are marketing new midsize SUV models for 2001 and 2002, but...