Yearly Archives: <span>2008</span>

French Govt. Reinsurer Gets Highest ‘A++’ Rating from Best

A.M. Best Co. has upgraded the financial strength rating to ‘A++’ (Superior) from ‘A+’ (Superior) and the issuer credit rating to “aa+” from “aa” of French government reinsurer Caisse Centrale de Reassurance (CCR), and has assigned stable outlooks to both …

Alabama Woman Charged with Killing Show Horse for Insurance Money

Police said a south Alabama woman admitted to shooting her show horse to death in May, burning a barn with the animal inside and attempting to collect $100,000 in insurance on the horse named Abby. Brenda Gradia, 41, of Flomaton, …

LA’s Best Insurance Services Acquires Mid-C Insurance

Los Angeles, Ca. LA’s Best Insurance Services acquired Mid-C Insurance Services on May 30th, 2008. Terms of the transaction were not disclosed. Mid-C Insurance was established 50 years ago and specializes in Personal Lines Insurance Coverage’s. Owner Christie Cummings said …

Good Time to Lock in Property Insurance Pricing, Advise Brokers

Science and technology are converging with risk management to help insurers negotiate the current hurricane season such that it’s now possible to use short-term hurricane forecasts — as few as 10 days out — to design coverage targeting a specific …

Corporate Profiles

Dear Reader: Every business has a story to tell. For many corporations, small and large, that story ties closely to the personal lives of their founders. Throughout Insurance Journal’s history, we have come to know and appreciate many of the …

Exclusive Survey, Part 1: Strengths and Weaknesses – What Agents Think of Regional and National P/C Insurers

Where Regional P/C Insurers Beat Out Nationals … and Where Nationals Outperform Regionals Regional carriers rate better in underwriting experience, relationships and stability as well as in customer service and agency relations than their national competitors in the view of …

S&P: U.S. Insurers Sitting with Excess Capital Face Rocky Road

U.S. insurers, in an industry awash in excess capital, face a stretch of turbulence that won’t soon abate, according to analysts at a recent Standard & Poor’s Ratings Services conference. “We’re sitting in an environment where we have way too …

Brokerage Stocks Down; M&A Activity Continues at Strong Pace but Slower Than 2007

Stock Prices: The brokerage sector as a whole is down 3 percent for the year. Among middle-market brokers, Arthur J. Gallagher’s (NYSE:AJG) stock has faired well compared to peers Brown & Brown (NYSE:BRO), down 16.6 percent, and Hilb Rogal & …

New Markets

The following markets were selected from the MyNewMarkets database of 25,000 coverages and programs. To find additional markets, or to submit markets, go to www.MyNewMarkets.com. Custom Home Builders Market Detail: Lemac & Associates, a division of Risk Placement Services Inc. …

Why the Nice Man Fired His Insurance Agent

How to Keep Your Customers and Agency Living Happily Ever After Once upon a time, there was a very nice man who moved his entire family from one state to another. The move meant leaving his many friends and business …