Bermuda-based PartnerRe Ltd. has provided a further update on the catastrophic events of the third quarter, and the potential impact on the company’s shareholders’ equity. The company currently estimates that total net impact of the Gulf Coast Hurricanes Katrina and …
Greater Cincinnati and Northern Kentucky physicians have reached an agreement with Anthem Blue Cross and Blue Shield in Ohio and Kentucky stemming from lawsuits filed in 2002 against several insurers. Courts in Boone and Hamilton counties have granted preliminary approval …
New Jersey-based Professional Risk Solutions (PRS), a wholesale brokerage insurance firm specializing in executive and professional liability insurance products, has opened a full-service office in Fort Myers, Fla. The addition of the Fort Myers office is the first step in …
The Louisiana Department of Agriculture and Forestry reported that with preliminary estimates in, it appears agriculture and forestry will take at least a $472 million hit from Hurricane Rita. Coupled with the growing losses from Hurricane Katrina, now at $1.01 …
The Wawanesa Mutual Insurance Company (Wawanesa), one of Canada’s largest property and casualty insurers, has been ranked first among property and casualty (P/C) insurance companies in Canada in terms of capital and surplus by A.M. Best Co. According to the …
Gencorp Insurance Group has added several Northeast agents to its agency network. Newest to the group are Northeast Insurance, with offices in Needham, Auburn and Falmouth, Mass; HG Financial, New York, N.Y.; Mansfield Insurance Agency, Westerly, R.I.; Karl Crowell Insurance, …
OneBeacon Insurance Group in Boston has completed the sale of National Farmers Union Property and Casualty Company subsidiary to QBE Insurance Group as planned for approximately $142 million. The transaction included NFU’s wholly owned United Security Insurance Company subsidiary. OneBeacon …
Health care quality improved markedly in many key areas in 2004, but only about 21.5 percent of the industry now reports publicly on its performance, according to NCQA’s annual State of Health Care Quality report. Among the 289 commercial health …
Industry pundits have praised today’s insurance chief executive officers as better informed and more disciplined than their peers of the past. The next few months may put that notion to the test as these leaders are forced to respond to …
The devastation left by Hurricane Katrina stirred up familiar talk in the insurance industry and beyond about the need for a federal catastrophe risk program. And less than a month after Katrina, insurance regulators from the nation’s largest states announced …
