Yearly Archives: 2003

ERC Ratings Lowered

S&P’s lowered its counterparty credit and financial strength ratings on Employers Reinsurance Corp. and its wholly owned subsidiaries (collectively, ERC)...

ZFS Affirmed

A.M. Best Co. affirmed the “A” (Excellent) financial strength ratings of Zurich Financial Services Group (ZFS) and its core operating...

Fairfax Cos. Under Review

Fitch Ratings, Standard & Poor’s and A.M. Best initiated rating actions on Fairfax Financial Holdings Inc. (Fairfax) and its subsidiaries,...

INSURER IN RECEIVERSHIP

Oklahoma Insurance Commissioner Carroll Fisher obtained a temporary court order placing Fairway Employment Services into receivership. According to the insurance...

AWARD SET AGAINST EX-EMPLOYEES

Millennium Insurance Agency Inc., headquartered in Houston, won a $10.7 million judgment against three former employees who had allegedly conspired...

OKLAHOMA AGENT FINED $20K

According to Oklahoma Insurance Commissioner Carroll Fisher, a Ponca City agent has agreed to pay a $20,000 fine, forfeit his...

PELLETS, NOT CRASH=KNEE PAIN

An investigation by Texas Mutual Insurance Co. revealed a man employed to pick up roadside trash has trouble with his...

INSURERS ASKED TO JUSTIFY RATES

The Texas Department of Insurance (TDI) sent letters in December to the top 10 companies writing homeowners insurance in Texas...

AWARD SLASHED IN MOLD CASE

The Third Court of Appeals in Austin found that Farmers Insurance Group had both acted in bad faith and violated...