Every mobile carnival ride in Massachusetts will get an inspection by years’ end, and a task force will look into stricter safety rules after a fatal accident at a church fair in Shrewsbury last weekend. Six certified inspectors will look …
The Property Casualty Insurers Association of America and the American Insurance Association have worked been working together, along with professional safety organizations to “define and design a new test of skills needed to provide quality insurance loss control services on …
The Chubb Group of Insurance Companies announced that it has launched a portfolio of policies to help protect life sciences companies from property and casualty exposures faced by the industry. “Chubb’s Customarq for Life Sciences portfolio offers life sciences customers …
Standard & Poor’s Ratings Services has published an article on its Website (www.standardandpoors.com) presenting the rating agency’s approach as to how it evaluates P/C insurance holding companies. Such evaluation “is directly related to the creditworthiness of the subsidiary,” said S&P. …
Swiss Re announced that, based on current estimates, it expects its claims related to Hurricane Ivan and Typhoon Songda to be approximately $300 million before tax. The bulletin noted that these estimates are in addition to the estimated $290 million …
Anyone who has ever visited Lloyd’s ultra-modern headquarters building on London’s Lime Street is struck by an odd anomaly. Despite the fact that every underwriter’s desk duly sports the obligatory computer screen, clerks, brokers and underwriters are still deluged with …
Dublin-based Research and Markets announced the addition to their researche offerings of the Motor [Automobile] Insurance: Global Industry Guide . “The Motor Insurance Global Industry Guide is an essential resource for top-level data and analysis covering the motor Insurance industry” …
A.M. Best Co. announced that it has downgraded the financial strength rating to “D” (Poor) from “C+” (Marginal) of Doctors Benefit Insurance Company Ltd., which is located in St. Michaels, Barbados. The rating outlook is stable. “This rating action reflects …
Munich Re has established a new service company, Munich Re India Services Ltd., Mumbai, aimed at strengthening and intensifying “long-standing business relations – some dating back to 1950 – with Indian insurance companies.” Speaking at the official launch of the …
Jeanne, once a rather weak tropical storm, roared ashore on Florida’s Eastern Coast early Sunday morning with the full fury of a massive Category 3 hurricane. While scenes of devastation played across TV screens across the world, the state’s residents, …
