Standard & Poor’s Ratings Services announced that it has affirmed its “BBB” long-term counterparty credit and insurer financial strength ratings on U.S.-based AXA Corporate Solutions Life Reinsurance Co., U.S.-based AXA Corporate Solutions Reinsurance Co., and AXA Global Risks (U.K.) Ltd. …
For the first time since the beginning of August, when Charley appeared as a tropical depression, there are no new potentially destructive hurricanes in formation out in the Atlantic. Miami’s National Hurricane Center has stopped monitoring Jeanne, as the storm …
The National Association of Professional Surplus Lines Offices (NAPSLO) recognized the top four graduates of the Associate in Surplus Lines Insurance (ASLI) program at its annual convention on Sept. 21, 2004, in Orlando, Fla. The Derek Hughes/NAPSLO Educational Foundation sponsors …
The National Association of Insurance Commissioners (NAIC) has adopted amendments to its Model Regulation to Implement the NAIC Medicare Supplement Insurance Minimum Standards Model Act to make it compliant with the Medicare Modernization Act (MMA), which was passed by Congress …
Seattle-based Safeco announced a new leadership structure for the company, reflecting its evolution from a turnaround concern to a profit-and-growth enterprise. The cornerstone of the structure is the newly created “Office of the President,” which will be led by Safeco …
AIR Worldwide estimates that insured losses from Hurricane Jeanne will fall between $5 billion and $9 billion. This estimate was calculated by AIR Tropical Cyclone Model and is based on data provided by the National Hurricane Center. Hurricane Jeanne made …
King County, Wash. prosecutors have charged the owner of Peak Performance Physical Therapy with first-degree theft, accusing James Gordon Aiton of falsely billing the Department of Labor and Industries (L&I) for over $375,000 worth of treatments his company never performed. …
Iowa-based EMC Insurance Group Inc. has reported that losses associated with three of the four hurricanes that hit the southern United States during the third quarter of 2004 are estimated to total approximately $6.9 million. The company’s reinsurance segment anticipates …
Sheree DiCicco was shocked to learn that her insurance company used satellite images to determine her home was located too close to brush and would not be reinsured because of the potential for wildfire damage. “I didn’t know insurance companies …
CompWest Insurance Company announced that it has been licensed as a workers’ compensation insurer by the California Department of Insurance, responding to the significant capacity shortage in the California market. Trident III, L.P., a private equity fund managed by MMC …
