The recovery of 12 vehicles to Baltimore from Antwerp, Belgium announced this week reportedly illustrates a troubling trend in vehicle theft, the targeting of luxury vehicles in the United States for theft and export to foreign nations, according to the …
Fremont Employers Insurance Company (FEIC) has received an “A- (Excellent)” rating from A.M. Best Company. FEIC is a wholly owned subsidiary of Employers Insurance Company of Nevada, A Mutual Company (EICN). “Today is another historic day in our company’s continuing …
American Re-Insurance Company was named “Best Overall Reinsurer in the U.S.” in the 2003 Survey of Cedant Perceptions about Reinsurance and Reinsurers conducted by Flaspohler Research Group, a provider in business-to-business research. “We are enormously proud of the results of …
Ruling on appeals filed by State Farm Lloyds Insurance and Farmers Insurance Companies regarding ordered homeowners rate reductions, Texas Insurance Commissioner Jose Montemayor upheld the rate cuts ordered by the Texas Department of Insurance (TDI) on Aug. 8, 2003. TDI …
Response Insurance Company, a direct-to-the-consumer auto insurer based in Meriden Conn., announced it has signed a stock purchase agreement to acquire National Merit Insurance Company from Unigard Insurance Company, a subsidiary of Winterthur Swiss Insurance Company. “The purchase will provide …
The Hartford Financial Services Group has issued a bulletin warning home and business owners to take precautionary steps to prevent injury and minimize potential damage from Hurricane Isabel, which may threaten states along the east coast of the United States …
Endurance Specialty Holdings Ltd. announced that its Bermuda subsidiary, Endurance Specialty Insurance Ltd., has promoted two key people within its Excess Casualty and Professional Lines Divisions, Mary Lou Douglas and Maria Costello. “Douglas joined Endurance late last year as Vice …
A.M. Best Co. announced that it has affirmed the financial strength rating of A- (Excellent) of Arch Reinsurance Limited (Bermuda), a member of the Arch Capital Group, and its reinsured affiliates, with a stable outlook. “The rating reflects Arch’s excellent …
London-based ACE Europe announced that it has joined forces with international damage management experts BELFOR to offer customers a disaster recovery service, as part of its new electronics insurance product. “The optional service, which is unique in the insurance industry, …
Hurricane Isabel continues to move towards the Eastern Seaboard at a leisurely 7 mph (11 kph). The storm is currently located around 700 miles (1130 kms) South-southeast of Cape Hatteras, and approximately 480 miles (770 kms) East of Nassau in …
