S&P assigned its preliminary “BBB-” senior debt and “BB” preferred stock ratings to ProAssurance Corp.’s recently filed $250 million shelf registration. The rating reflects the good regional niche position of group members ProNational Insurance Co. “A-” (negative) and Medical Assurance …
A. M. Best Co. upgraded the financial strength ratings to “B+” (very good) from “B” (fair) for Coast National Insurance Co., Bristol West Insurance Co., Bristol West Casualty Insurance Co. and Security National Insurance Co., all members of the Bristol …
Standard & Poor’s Ratings Services commented on Harleysville Group Inc., (HGIC), “BBB-” and its negative outlook. As part of HGIC’s fourth-quarter 2003 earnings release, it expects its underlying insurance operations to incur an additional $42 million pretax charge on top …
The apparent inconsistencies in the way underwriters quote Employment Practices Liability (EPL) can drive anyone crazy. We all understand why an applicant with 50 employees would get a different premium than one with 500 employees, but why do you get …
As an agent or broker, there’s no doubt in your mind that E&O coverage is hard to come by. But is E&O for agents in crisis proportions or is it still within reach? That depends on whom you ask. Some …
Employment Practices Claims Now Driving Force Behind D&O Losses and Coverage Need Directors and officers (D&O) liability insurance premiums increased approximately 33 percent on average from 2002 to 2003, according to the Tillinghast business of Towers Perrin’s 2003 D&O Liability …
According to the Washington, D.C. office of the American Insurance Association (AIA), a state insurance regulator’s working group is being pressured by the National Association of Insurance Commissioners (NAIC) to develop “best practices” that would apply to insurance company use …
Atlanta, Ga.-based Crawford & Company was recently named as one of three national service providers to offer property, casualty, and workers’ compensation claims handling to CNA Insurance Companies. “Crawford is honored to be chosen as the primary provider for such …
Zurich North America announced the appointment of Christopher A. Taylor as president of the Financial Enterprises profit center. In this capacity, Taylor will lead efforts to further strengthen the company’s position in the financial institution and related financial services industry. …
Private insurers won a victory this week as legislation to privatize the Utah Workers’ Compensation Fund (WCF) died in the final hours of the 2004 Utah legislative session. However, the defeat of this legislation (SB 165) does not resolve the …
