Latest AAA Headlines
All the headlines from our AAA Topic Page, ordered by recency.
AAA Minnesota Offering 20 Percent Homeowner Discounts
Oct 24 2005 // AAA Minnesota is offering new policyholders an average 20 percent rate reduction on its homeowner’s product. Existing customers also will receive a 20 percent rate reduction on their homeowner’s insurance,...
News Briefs
Sep 5 2005 // Illinois CCC Settles Class-Action Suit on Total Loss Vehicle Valuation: Chicago-based claims software-maker CCC Information Services Inc. and 15 of its customers signed a settlement agreement with plaintiffs in various...
Kansas Insurers Oppose Drivers’ License Renewals at AAA Offices
Aug 17 2005 // Kansas members of the National Association of Mutual Insurance Companies (NAMIC) are mobilizing opposition to a state program permitting drivers’ license renewals at local AAA offices. The Kansas Department of...
S&P Lowers Channel Re Outlook to Negative; Affirms ‘AAA’ Rating
Jun 16 2005 // Standard & Poor’s Ratings Services announced that it has revised its outlook on Channel Reinsurance Ltd.’s “AAA” financial strength and financial enhancement ratings to negative from...
Fitch Gives Berkshire Hathaway New $1.5B Debt ‘AAA’; Negative Outlook
May 12 2005 // Fitch Ratings has assigned ‘AAA’ ratings to two new issues of debt from Berkshire Hathaway Finance Corporation (BHFC), a wholly owned subsidiary of Berkshire Hathaway Inc. (Berkshire). The newly rated debt...
Fitch Moves Berkshire Hathaway’s Outlook to Negative
Apr 19 2005 // Fitch Ratings has revised the Rating Outlook to Negative from Stable on the ‘AAA’ long-term issuer and unsecured senior debt ratings of Berkshire Hathaway Inc. (Berkshire) and its wholly-owned subsidiary GEICO...
Fitch Assigns ‘AAA’ IFS Rating to Assured Guaranty
Apr 15 2005 // Fitch Ratings announced that it has assigned an insurer financial strength (IFS) rating of ‘AAA’ to Assured Guaranty Corp. (AGC). Along with its affiliate company Assured Guaranty Re International (AGR), whose...
Mich. Lawmakers Pass Bill to Repeal State Helmet Law, According to AAA Michigan
Mar 17 2005 // Michigan lawmakers on Thursday passed Senate Bill 297, which repeals the state’s 36-year-old mandatory motorcycle helmet law. It is estimated that the repeal will result in 22 additional fatalities each year, along...
AAA Insurance Affiliate Files 8.7% Auto Rate Reduction
Feb 1 2005 // AAA Texas County Mutual Insurance Company, the insurance affiliate for AAA Texas, has filed for an 8.7 percent average automobile insurance rate reduction effective today for new business and March 14 for renewing...
Despite Residual Market Changes in Mass., Commerce Insurance to Offer 5% AAA Group Discount
Jan 5 2005 // Despite new rules restricting its ability to reinsure individual high risk members of groups in the residual market, Commerce Insurance Company plans to again file with the Massachusetts Division of Insurance a five...
Fitch Affirms XL Subsidiaries IFS Ratings
Dec 17 2004 // Fitch Ratings announced that it has affirmed the “AAA” insurer financial strength (IFS) ratings of XL Capital Assurance Inc. (XLCA), its subsidiary XL Capital Assurance (U.K.) Limited and affiliate XL Financial...
S&P Assigns AIG Europe N.V. ‘AAA’ Rating
Dec 13 2004 // Standard & Poor’s Ratings Services announced that it has assigned its ‘AAA’ financial strength rating and a stable outlook to AIG Europe (Netherlands) N.V. According to S&P credit analyst Grace...
Michigan Senate Takes Up Bill to Keep Insurers From Steering Claims
Jun 1 2004 // Auto insurers could not restrict policyholders from using the repair shop of their choice under legislation to be considered by the Michigan state Senate. Critics say some insurers currently send or direct claim holders to...
S&P Affirms GEICO and Subs ‘AAA’ Ratings
May 27 2004 // Standard & Poor’s Ratings Services announced that it has affirmed its ‘AAA’ counterparty credit rating on GEICO Corp. and its ‘AAA’ counterparty credit and financial strength ratings on...
S&P Affirms AIG’s ‘AAA’ Ratings
Mar 31 2004 // To no one’s surprise Standard & Poor’s Ratings Services announced that it has affirmed its ‘AAA’ counterparty credit rating on American International Group Inc. and similar high ratings on...
Liberty Mutual Teams with AAA to Offer Va. Discounts
Feb 25 2004 // AAA Mid-Atlantic Insurance Agency Inc. and Liberty Mutual Group announced that they have entered into an affinity marketing agreement, making more than 700,000 Virginia AAA members eligible for discounts of 10 percent on...
Commerce Seeks Approval for 5% AAA Discount for 2004
Jan 15 2004 // The Commerce Insurance Company announced that it has filed a request with the Massachusetts Division of Insurance for a five percent discount from the 2004 private passenger automobile fixed and established rates for AAA...
New Ariz. Director to Attend AAA Meeting Jan. 20
Dec 30 2003 // Current and future American Agents Alliance members in Arizona wil be given the opportunity to meet and greet the new Director of Insurance Jan. 20 at the Phoenix area local meeting. Insurance Director Christina Urias has...
Fitch Affirms XL Capital Assurance & XL Financial Assurance ‘AAA’ Ratings
Dec 24 2003 // Fitch Ratings announced that it has affirmed the “AAA” insurer financial strength (IFS) ratings of XL Capital Assurance Inc. (XLCA) and its affiliate, XL Financial Assurance Ltd. (XLFA). Both companies were...
S&P Notes: Berkshire Hathaway Finance Corp. Assigned ‘AAA’ Senior Debt Rating
Dec 19 2003 // Standard & Poor’s has assigned its ‘AAA’ senior debt rating to Berkshire Hathaway Finance Corp.’s (BHFC) $500 million private-placement debt securities offering. BHFC is a financial subsidiary...
