Global insurance broker Willis Group Holdings Limited has prepared a timely comment on what is unfortunately a growth industry -kidnapping and hostage taking – particularly “among militant Islamic groups against citizens of the West.” “The challenge for Western companies with …
Fitch Ratings announced that it has affirmed the ‘AA’ insurer financial strength rating of Bermuda’s Partner Reinsurance Company and the ‘A+’ long-term issuer rating of Partner Reinsurance Company’s parent, PartnerRe Limited. Fitch also affirmed the ‘A’ ratings of PartnerRe’s $200 …
In a joint ratings announcement A.M. Best Co. said it had downgraded the financial strength rating to “A-” (Excellent) from “A” (Excellent) of Travelers/St.Paul subsidiary Gulf Insurance Group (See related article in “National”), and has upgraded the financial strength rating …
The U.S. Department of Labor (DOL) and the Kentucky Office of Insurance (KOI) are teaming up to provide assistance for employers, including small business owners, struggling to comply with state and federal laws related to health benefit plans. A free …
A.M. Best Co. has downgraded the financial strength rating to B+ (Very Good) from B++ (Very Good) of The Atlantic Mutual Companies (The Atlantic). Concurrently, A.M. Best has downgraded the debt rating to “b+” from “bb+” of Atlantic Mutual Insurance …
Jacqueline Adkins, a claims management specialist with Norfolk, Va.-based Hilb, Rogal & Hobbs Co., has been named the 2003 National Accredited Customer Service Representative (ACSR) of the Year by the Independent Insurance Agents & Brokers of America (IIABA). Adkins is …
The board that oversees the Massachusetts auto insurance high risk facility, Commonwealth Auto Reinsurers (CAR), voted 11-2 in favor of final rules to convert the plan to an assigned risk plan on June 29. The CAR governing board plans on …
Texas-based MaximInsurance reported it has recently promoted two employees, Karen Walker and Pam Allison. Walker was promoted to commercial lines trainee, and Allison to executive assistant to Ron Masters, president of MaximInsurance. “We are very pleased and proud to recognize …
Texas Mutual Insurance Company announced it awarded the Texas Oil and Gas Association (TxOGA) workers’ compensation purchasing group with $245,320.11 of group dividends. Texas Mutual group dividends are separate from the $50 million of general and special dividends that Texas …
This week, the National Flood Insurance Program (NFIP) its new national marketing campaing, FloodSmart, which is designed to educate consumers about the risks of flooding and the benefits of flood insurance, as well as to provide WYO companies with marketing …
