Yearly Archives: 2005

Adirondack Ins. Exchange Assigned

Demotech Inc. assigned a Financial Stability Rating of “A” (exceptional) to Adirondack Insurance Exchange. Adirondack Insurance Exchange will be owned...

Montpelier Re Unaffected By Dividend

Standard & Poor’s Ratings Services said its ratings on Montpelier Reinsurance Ltd. of “A” (positive) and Montpelier Re Holdings Ltd....

United Fire and Casualty Co. Revised

S&P revised its outlook on United Fire & Casualty Co., UFCS’s wholly owned property/casualty subsidiaries and UFCS’s life subsidiary to...

R&SA-USA Downgraded

A.M. Best Co. downgraded the financial strength ratings of Royal & SunAlliance USA Insurance Pool and the Royal Surplus Lines...

GENERAL RE UNDER SCRUTINY:

General Reinsurance, a subsidiary of Berkshire Hathaway Inc., has been subpoenaed in an investigation of Reciprocal of America, a former...

$85 MILLION RELIANCE SETTLEMENT:

Pennsylvania Insurance Commissioner Diane Koken, in her role as statutory liquidator for Reliance Insurance Company, finalized the negotiation of an...

N.Y. BILL IMPOSES FIDUCIARY DUTY:

Assemblyman Ryan Scott Karben (D/I-Rockland), a majority member of the New York State Assembly’s Insurance Committee, has introduced a legislative...