GEICO Passes Allstate to Become 2d Largest U.S. Auto Insurer: SNL December 16, 2013 Based on third quarter reports, GEICO Corp. has surpassed Allstate Corp. to become the nation’s second-largest private auto insurer. According...
AIG to Sell Aircraft Leasing Unit ILFC for $5 Billion December 16, 2013 American International Group Inc. agreed to sell the world’s second-largest aircraft lessor to AerCap Holdings NV for $5 billion after...
Toyota to Begin Talks to Settle Acceleration Claims December 16, 2013 By Jessica Dye Toyota Motor Corp. will begin talks to potentially settle hundreds of lawsuits alleging that defects caused some of its vehicles...
Best Affirms W. R. Berkley Corp. and Subs ‘A+’ Ratings; Outlook Stable December 16, 2013 A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit ratings (ICR) of “aa-”...
Health Care D&O Rates Rise Over Obamacare Antitrust Concerns: Marsh December 16, 2013 Health care organizations paid significantly more for their directors and officers liability insurance in the third quarter of 2013 amid...
P/C Industry Supportive But Cautious on Federal Insurance Office Recommendations December 13, 2013 By Andrea Wells Insurers, agents, brokers and state regulators welcome modernization and improvements in the current regulation of insurance, but are not so...
Ascent Launches Medical Billings E&O Coverage for U.S. Healthcare Professionals December 13, 2013 Ascent Underwriting, the Managing General Agent (MGA) specialising in emerging risks, has launched a medical billings errors & omissions insurance...
Ratings Recap: Loudun Mutual, Hastings Mutual, Ellington Mutual, American Safety RRG December 13, 2013 A.M. Best Co. has upgraded the financial strength rating to ‘A’ (Excellent) from ‘A-‘ (Excellent) and the issuer credit rating...
Best Downgrades Issuer Credit Ratings of QBE’s U.S. Subsidiaries; Affirms FSR December 13, 2013 A.M. Best Co. has downgraded the issuer credit ratings (ICR) to “a” from “a+” and affirmed the financial strength rating...
AIG in Talks to Sell Aircraft Leasing Unit ILFS to AerCap December 13, 2013 Insurer American International Group is in talks to sell its jet-leasing finance business to AerCap Holdings NV, according to reports....