Risky Business: Insurance Industry Entering ‘New Era’ of Catastrophes May 10, 2011 By Patricia-Anne Tom Given the recent flooding, hurricanes and earthquakes, it appears the number of catastrophic events that inflict mass casualties and severe...
A.M. Best Affirms Ratings of Central States Indemnity Co. of Omaha May 10, 2011 A.M. Best Co. has affirmed the financial strength rating of A+ (Superior) and issuer credit rating of “aa-” of Central...
Audit: Louisiana Horsemen Used Benefits Dollars for Trips, Lobbying May 10, 2011 A new report says an organization representing Louisiana racing horse owners and trainers used money earmarked for medical, pension and...
Projection Shows Omaha Flood Could Displace 7,000 May 10, 2011 More than 7,100 people would be displaced and damage could run close to $700 million if the Omaha, Neb., area...
Moores Named President of Minnesota Agents & Brokers Group May 10, 2011 Mark Z. Moores, president of St. Paul-based Moores Insurance Management Inc., and has been named president of the Minnesota Independent...
Arthur J. Gallagher Acquires Oklahoma’s Meyers-Reynolds & Associates May 10, 2011 Arthur J. Gallagher & Co. announced it has acquired Meyers-Reynolds & Associates Inc., a retail insurance broker headquartered in Oklahoma...
Best Revises Outlook on BP’s Jupiter to Stable; Affirms Ratings May 10, 2011 A.M. Best Europe – Rating Services Limited has revised the outlook to stable from negative and affirmed the financial strength...
Best Affirms No. Am. Casualty Financial Ratings; Upgrades Debt May 10, 2011 A.M. Best Co. has upgraded the issuer credit ratings (ICR) to “a+” from “a” of North American Casualty Group (NAC)...
P/C Insurers Cautious About Adopting New RMS Hurricane Model May 10, 2011 By Andrew G. Simpson Property/casualty insurers appear to be in no rush to adopt a controversial revised catastrophe model that dramatically raises certain estimates...
P/C Insurer Failures in 2010 Unrelated to Catastrophes: A.M Best May 10, 2011 The majority of the 11 financially impaired property/casualty companies in 2010 got into trouble primarily due to deficient loss reserves...