The Professional Insurance Agents of New York State Inc., in conjunction with the Professional Insurance Wholesalers Association of New York State Inc., announced that an updated online specialty markets directory is now available to their members. “This member-only benefit provides …
Bermuda-based American Safety Insurance Holdings, Ltd. has issued a bulletin stating that A.M. Best Company has affirmed its “A” (Excellent) rating with a “stable” outlook for all of its insurance operating companies. The rating affirmation includes “the American Safety Insurance …
A.M. Best Co. announced that it has downgraded the financial strength rating to B++ (Very Good) from A- (Excellent) of Unum Japan Accident Insurance Co. Ltd., removed the company from under review, and revised its outlook to stable from negative. …
An earthquake measuring in excess of 8 on the Richter scale struck the Northern Japanese Island of Hokkaido early this morning, local time, causing property damage and injuring more than 230 people. The tremor and two smaller aftershocks were centered …
ACE Limited President and COO Evan Greenberg announced that, effective January 1, 2004, Mark Herman has been appointed as President, ACE Global Professional Lines and Andrew Kendrick has been appointed as President and CEO of ACE Bermuda, subject to approval …
After clearing one hurdle on its path to implementation, the federal do-not-call list has yet again run into trouble. Both houses of Congress responded overwhelmingly to yesterday’s decision by an Oklahoma City federal court that the Federal Trade Commission (FTC) …
Overland Park, Kan.-based GE’s Employers Reinsurance Corporation (ERC) announced several new appointments. David Bassi is the new global risk and underwriting leader for ERC’s P/C reinsurance unit; Cora Stahrenberg is the new human resources leader for the company’s P/C reinsurance …
Insurer Ohio Casualty Corp. announced that third quarter earnings will be impacted by net catastrophe losses estimated at $16 million before tax which were incurred during the period July 1 through Sept. 24. About $9 million of the estimated catastrophe …
Farmers Insurance Group told the Missouri Department of Insurance that it is withdrawing from medical malpractice coverage in all 18 states where the firm operates. Affected in Missouri is physician and hospital business written by two Farmers subsidiaries, Truck Insurance …
In the wake of crisis and turmoil in the California workers’ compensation arena, Keenan & Associates has created and implemented a new generation workers’ compensation program – a hybrid self-insurance and re-insurance model that now covers 381 school districts and …
