Where do you go to see a best-selling business author, a folksy economist, wisecracking political pundits, a college football star turned ex-Congressman and a bona fide American military hero? The National Association of Independent Insurers’ (NAII) annual meeting, of course. …
So what is the going rate for agencies nowadays?” is the question we often hear from interested buyers and seller of agencies. Our answer always includes that the price paid is not directly related to the net proceeds, since terms …
The financial strength rating of “A-” (excellent) of Minneapolis-based Austin Mutual Insurance Co. was affirmed by A.M. Best. The outlook is stable. It reflects the company’s excellent capitalization, conservative balance sheet and local market knowledge. These factors are derived from …
A.M. Best assigned an initial financial strength rating of “A-” (excellent) to Louisiana United Businesses Self Insurers Fund, also known as LUBA Workers’ Comp, based in Baton Rouge, La.. The outlook is stable. Best said the rating reflects LUBA Workers’ …
A.M. Best Co. downgraded the financial strength ratings to “A+” (superior) from “A++” (superior) of Swiss Re and its core subsidiaries. At the same time, Best downgraded the ratings on all debt instruments issued by Swiss Re’s group entities, and …
The Professional Liability Underwriting Society (PLUS) International Conference, to be held in Philadelphia Nov. 9 – 11, promises to explore the often conflicting circumstances in the professional liability insurance industry. As such, the theme of the conference, Challenges and Opportunities, …
And then there were two. That is the scenario for this month’s runoff election (Nov. 15) in the race to be the next insurance commissioner in Louisiana. The Oct. 4 primaries brought the field of candidates down to two—incumbent Robert …
Since 1946, Dallas-based Old American County Mutual Fire Insurance Co. has stayed true to a simple business philosophy: Provide reasonably priced insurance on a reasonable payment schedule for difficult risks. Much has changed for Old American in the intervening years, …
A year ago the reinsurance world had an optimistic side most companies had survived their exposures to 9/11 and premiums were rising. A pessimistic side reflected a 25 percent decline in capacity, thus limiting new business opportunities. Now, as the …
Professional liability and errors & omissions (E&O) are two coverages that just aren’t yet seeing the impending softening of the hard market—and are unlikely to anytime soon. These days, the professional liability market resembles somewhat of a revolving door. Carriers …
