Physicians in northwest Maryland plan to halt non-emergency surgeries for at least two weeks to protest a 33 percent increase in malpractice insurance premiums. The Maryland Insurance Administration on Sept. 14 approved the rate increase for 2005 for Medical Mutual …
The Texas Department of Insurance reported that second quarter 2004 financial results submitted to TDI indicate a number of Texas homeowners insurance providers are improving their loss ratios—a result of efforts to improve underwriting and a quiet storm season during …
The Primary Claims division of AIG Domestic Claims, a division of the AIG Companies, has announced the launch of IntelliRisk NetSource(R) 6.0, an enhanced version of the leading web-based claims analysis and inquiry system. “Version 6.0 features the integration of …
The National Association of Professional Insurance agents (PIA) and The Hartford Financial Services Group, Inc. announced that they have teamed up to enable PIA member agents to offer their customers flood insurance through The Hartford. “PIA is happy to provide …
Standard & Poor’s Ratings Services has issued a comment on the state of the U.S. property/casualty insurance industry and its short- and intermediate-term prospects in the wake of Hurricane Jeanne, the fourth hurricane to strike Florida this season. “The insured …
Swiss-based reinsurer Converium AG received the first good news on its ratings since July, when Standard & Poor’s Ratings Services announced that it has revised to positive from developing its CreditWatch implications on its “BBB” long-term counterparty credit and insurer …
Bermuda-based PartnerRe Ltd. said it estimates that claims relating to its exposure to Hurricane Ivan are expected to be between $35-$45 million, with the loss split equally between U.S. and Caribbean exposures. “The Company’s loss estimate for Ivan is based …
Standard & Poor’s Ratings Services announced that it has affirmed its “A-” counterparty credit and financial strength ratings on Odyssey Re Holdings Corp.’s (ORH) operating subsidiaries: Odyssey America Reinsurance Corp., Clearwater Insurance Co. (formerly Odyssey Reinsurance Corp.), and Hudson Specialty …
Dublin-based Research and Markets announced the addition of International Reinsurance Review 2004 / 05 to their offering. “The need for true (re)insurance professionals to be kept up to date on a multitude of issues has never been more important in …
Fitch Ratings announced that it has assigned an “A” insurer financial strength rating to Imagine International Reinsurance Limited with a positive outlook. “Imagine International is a Dublin-based, wholly owned subsidiary of Imagine Insurance Company Limited (Imagine), whose ‘A’ insurer financial …
