Yearly Archives: 2001

Statewide Downgraded

The “BBBpi” FSR on Statewide Insurance Co. (IL) (Statewide) was lowered to “BBpi” by S&P. The rating action was based...

Swiss Re Affirmed

The “AAA” counterparty credit and insurer FSR on Swiss Reinsurance Co. (SRZ) and related core subsidiaries were affirmed by S&P,...

AIG Affirmed

The “AAA” debt and counterparty credit ratings on American International Group Inc. (AIG) were affirmed by Standard & Poor’s (S&P)....

General Agents Group Downgraded

The “A-” financial strength rating (FSR) on General Agents Group, Oklahoma City, was lowered to “B++” by A.M. Best Co....

NY LIFE SETTLES ARMENIAN CLAIMS

New York Life Insurance Company reached an agreement with plaintiff’s attorneys under which the company will pay all valid claims...

POOR RESULTS FOR LLOYD’S

Lloyd’s announced preliminary estimates that it would suffer an overall loss of at least $1.6 billion for its 1999 year...

IWIX.NET THROWS IN THE TOWEL

The Internet-based specialty insurance transaction facility, iwix.net, announced it is no longer accepting new members or risks. The company stated...

STATE FARM VERDICT AFFIRMED

On April 5, an Illinois Appellate Court upheld most of a lower court’s verdict in a nationwide class-action lawsuit against...