Over the next few weeks, Fitch plans to study the ratings on the property/casualty insurance and reinsurance companies in its ratings universe which have material U.S. commercial lines exposures, to decide if negative ratings actions are warranted. The move follows …
The latest financial strain on insurers that cover liability settlements for employers of asbestos workers will negatively, but not terminally affect the insurance industry’s finances, a new Standard & Poor’s article said. The issue of asbestos liability for insurance companies …
The National Association of Independent Insurers (NAII) said it is cautiously optimistic about the Senate vote to increase funding levels for implementation of the North American Free Trade Agreement (NAFTA) by $15 million beyond the Bush Administration’s original budget request. …
New Concept Insurance Agency of Vermillion, S.D., was purchased by Community First Insurance Inc., an affiliate of Community First Bankshares Inc. New Concept was started in 1981 by Rich Job and focuses on commercial, personal and farm insurance products. Community …
Anthony Clark International Insurance Brokers Ltd. (Toronto) announced that it has acquired 779451 Alberta Ltd., an independent general insurance brokerage representing approximately $1,000,000 in premiums and located in Calgary, Alberta, Canada. This represents the 18th acquisition of a network of …
Citing a strong upward trend in red light running fatalities, a group of leading safety organizations has banded together to form the Washington, D.C.-based National Campaign to Stop Red Light Running. The goal of the Campaign is to reduce the …
Stockton, Calif.-based S.N. Potter Inc., a full service countrywide manager for property and casualty insurance programs, announced the creation of Rural Special Districts Insurance Services (RSDI) to write water, irrigation, and emergency services business with KEMPES, the program-specific subsidiary of …
Direct-Link Insurance Services announced the acquisition of a major portion of Fireman’s Fund Direct’s personal lines property insurance portfolio, as that company exits the direct insurance market. Under terms of the agreement, Direct-Link will acquire more than $6 million in …
The Workers Compensation Insurance Rating Bureau of California has put on the table a plan for an 8.5 percent increase in pure premium for workers’ compensation rates in the state. The WCIRB submitted its plan July 31, with rates if …
According to the Insurance Institute for Highway Safety, automakers are marketing new midsize SUV models for 2001 and 2002, but most of these vehicles aren’t being equipped with bumpers that resist damage in the kinds of impacts that routinely occur …
