As insurers are confronted with increased pressures from claims involving asbestos, mold, and directors and officers’ policies, little attention is paid to the decreasing number of traditional environmental claims. In fact, many states have clearly delineated the parameters of available …
In a hard market, like the one we’re experiencing lately, many of the positive effects of the increased revenue can also carry some consequences that can negatively affect your agency down the road. A hard market is a sellers market …
Rapidly rising construction costs, home remodeling and increasingly expensive natural disasters are expected to push the cost of homeowners insurance up by 8 percent in 2004, according to a report by the Insurance Information Institute (I.I.I.) The projected increase represents …
In the face of rising healthcare costs, agents and brokers who sell employer-paid benefits might consider adding worksite to the mix. Worksite — a way of selling individual insurance policies to groups of employees at their workplace — is growing …
As some in the industry see profits and smoother sailing ahead, other markets are having a tougher time. In a look at the non-profits and public entities markets, Insurance Journal spoke with several experts in those related areas to get …
A.M. Best Co. has downgraded the financial strength ratings to “A+” (superior) from “A++” (superior) of Muenchener Rueckversicherungs (Munich Re), and its core subsidiaries. This rating action follows Munich Re’s release of earnings for the first six months of 2003. …
A.M. Best Co. commented that the financial strength ratings of “A++” (superior) of Travelers Property Casualty Pool, the “aa-” senior debt and “a+” subordinated debt ratings of Travelers Property Casualty Corp. will not be affected by Travelers Property Casualty Group’s …
S&P and Fitch Ratings both announced that they have downgraded their respective financial strength and counterparty credit ratings on the members of the Royal & SunAlliance USA Group. A.M. Best Co. said it has placed the ratings “under review with …
Standard & Poor’s Ratings Services raised its financial strength ratings on GE Property & Casualty Insurance Co., GE Casualty Insurance Co., GE Auto & Home Assurance Co., and GE Indemnity Insurance Co. to “AAA” and removed the ratings from credit …
Three San Diego residents must pay more than $125,000 in restitution after pleading guilty to insurance fraud. The convictions followed an investigation by the California Department of Insurance (CDI) Investigation Division, which found that the trio’s American Employees Benefits Association …
