Dallas / Fort Worth Area Producer Development School Scholarship Details: In partnership with Insurance Journal Magazine – Texas / South Central Edition, The National Alliance School for Producer Development will award one scholarship for a full tuition sponsorship to the …
One of the Insurance Journal’s roles is to keep insurance professionals updated on key legal issues affecting the insurance industry. Indeed, the Legal Beat Column often focuses on court cases and trends in the law that are interesting or may …
S&P’s affirmed its “A+” counterparty credit and financial strength ratings on Nationwide Mutual Insurance Co. and related entities. The outlook has been revised to “negative” from “stable.” Deteriorating capitalization due to weak U.S. equity markets affected the outlook, according to …
Ullico Inc.’s Wilmington, Del.-based property/casualty subsidiaries, Ulico Insurance Group (UIG), which includes two inter-company pooling members, Ulico Casualty Company (Delaware) and its wholly owned subsidiary, Ulico Indemnity Company (Arkansas), was downgraded to “B” (Fair) from “B++” (Very Good). The stand-alone …
S&P’s affirmed its “A” counterparty credit and financial strength ratings on Electric Insurance Co. (EIC) based on EIC’s strategic alliance with General Electric Co. (GE), extremely strong capital position, solid operating performance, and strong management team. The outlook is stable. …
A.M. Best Co. downgraded the financial strength rating to “A” (Excellent) from “A+” (Superior) of Liberty Mutual Insurance Cos., based in Boston, Mass. Also downgraded was the financial strength rating of Liberty Northwest Group, Portland, Ore. to “A” (Excellent) from …
Standard & Poor’s Ratings Services lowered its long-term counterparty credit and financial strength ratings on the members of the Gulf Insurance Group (Gulf) to “A+” from “AA-.” The outlook is negative. An S&P’s analyst said the ratings action was taken …
Give them credit—both agents and carriers have made credit scoring an issue that the industry can’t turn its back on. From studies to hearings, the issue has soared to become one of the top three or four issues in the …
The recent nightclub tragedies in Chicago and Rhode Island, which all told killed 120 people, will lead to stricter underwriting and discourage new carriers from entering that volatile market, according to a broker who has placed entertainment risks for 10 …
The relationship between program carriers and program administrators or managers is fundamental in determining the success of a particular program. With the hard market still going strong, the programs marketplace has not seen any loosening either. Developing a good rapport …
