Standard & Poor’s affirmed its single-‘A’-minus counterparty credit and senior debt ratings on Travelers Property Casualty Corp. (Travelers) and its double-‘A’-minus counterparty credit and financial strength ratings on some members of the Travelers Property Casualty Pool due to the pool’s …
Testifying before a Michigan House committee, a spokesperson for the Alliance of American Insurers said a bill being considered by state legislators that would prevent insurers from using credit scores to determine premium discounts would place unwarranted restrictions on an …
Minnesota Commerce Commissioner Jim Bernstein announced that Hurley State Bank of Sioux Falls, South Dakota has paid a civil penalty and investigative costs totaling $300,000 as a result of the Department’s continuing investigation into the sale and marketing of credit …
The general annual meeting of the shareholders of Italian insurer La Fondiaria, postponed from May 9, is scheduled to take place today and Italian regulators appear to have cleared the way for the approval of Italian insurer SAI’s long delayed …
Standard & Poor’s announced that it has affirmed its triple-‘A’ ratings on two units of Bermuda-based XL Capital, XL Financial Assurance Ltd. (XLFA) and XL Capital Assurance Inc. (XLCA), and has lowered its ratings on GE Capital’s Employers Re Group …
The Garden City Group, Inc. (GCG), a subsidiary of Crawford & Company, headquartered in Melville NY, has received the BOLI (Best on Long Island) award for its Web site, www.gardencitygroup.com. The yearly competition, sponsored by the Long Island Ad Club, …
Eric Goldberg, American Insurance Association (AIA) assistant general counsel, appearing at a hearing held by the New York State Senate’s Health and Environmental Conservation Committees, stated that consumers, insurers, regulators and lawmakers need sound science on mold. According to a …
John Biagini, Sr., 50, of Utica NY was sentenced to serve 37 months in federal prison and to pay $80,900 in restitution to several insurance companies after pleading guilty to filing numerous fraudulent auto repair claims. According to a report …
The annual Conference of the Professional Insurance Agents of New Hampshire (PIANH) featured a panel discussion on the hardened insurance market, entitled “Market Conditions and Strategies for 2002,” Moderated by Jeff Foy, of the Foy Insurance Group, which the organization …
“Terrorism isn’t just simply killing people or injuring people… it’s creating chaos,” said Bob Captain of Barney & Barney. Captain discussed terrorism and how it has and will continue to affect the insurance industry at the 2002 San Diego “I” …
