Yearly Archives: 2001

ERC Affirmed

The “A++” group FSR of Employers Reinsurance Corporation (ERC) was affirmed by A.M. Best. The rating action also applies to...

Zurich Units Under Review

The “A+” financial strength rating (FSR) of Zurich Financial Services Group’s (Zurich) reinsurance operations were placed under review with developing...

NEW WARNING FROM CLAIMS DIRECT

Claims Direct, the U.K. company that handles accident victims compensation claims online, issued a new profit warning on March 28,...

ZURICH, INSUREZONE TEAM UP

InsureZone has aligned with top-rated insurance carrier Zurich North America Small Business, a unit of Zurich North America. InsureZone will...

SAFECO STILL UNDER SCRUTINY

On March 28, S&P removed the ratings of SAFECO Corp. and related entities from CreditWatch and lowered SAFECO’s counterparty credit...

DANGER ON THE ROAD

The number of people killed in traffic accidents increased last year, due in part to a rise in fatal motorcycle...

BEAZLEY COMPLETES BUYOUT

Beazley, one of Lloyd’s leading syndicates, has completed a management buyout. “Under the new structure, the directors and staff will...

RATING BY ZIP CODE STILL OKAY

Thanks to a decision made March 28 by the California State Supreme Court, insurers can continue adjusting rates based partially...

WEIGHING TOLL OF FOOT-AND-MOUTH

Most analysts have concluded that no serious insured losses will be caused by the current foot-and-mouth epidemic in Britain and...