The Hartford Financial Services Group, Inc. has introduced a marine policy designed specifically for modern warehouse logistics operations involved in the transport and storage of their customers’ property. The Hartford’s Warehouse & Logistics Choice provides coverage for direct physical loss …
A.M. Best Co. has upgraded the financial strength rating to ‘A-‘ (Excellent) from ‘B++’ (Good) and issuer credit rating to “a-” from “bbb” of Michigan-based The American Road Insurance Company (TARIC). The outlook for the FSR is stable, while the …
Federal Emergency Management Agency Director Craig Fugate this week stressed how important it is for newly elected public officials to learn how to respond during hurricanes and other powerful storms and that a bad economy is no excuse not to …
A barrage of court claims pitting BP Plc against its partners in the Gulf of Mexico oil spill could lay the groundwork for billions of dollars in settlements to spread the costs of the disaster. BP has sued Transocean Ltd, …
Top 10 U.S. Excess, Surplus Insurers of 2010 by Market Share According to SNL Financial: American International Group Zurich Financial Services Ltd. Nationwide Mutual Group ACE Ltd. W.R. Berkley Corp. Markel Corp. CNA Financial Corp. QBE Insurance Group Ltd. Alleghany …
Improved pricing and a drop in catastrophe losses boosted Travelers profits 30 percent in the first quarter, as it beat Wall Street’s expectations and offered some evidence of a turn in the soft market. Net profit for the first quarter …
Across the United States, chances are roughly one in seven that a driver is uninsured. The estimated percentage of uninsured motorists stood at 13.8 percent in 2009, according to a new study from the Insurance Research Council (IRC). The group …
Christopher P. Taft, president and CEO of Preferred Mutual Ins. Co., New Berlin, N.Y., has been elected chairman of the American Association of Insurance Services (AAIS). Taft succeeds Jack M. Rader, executive vice president and COO of Farmers Alliance Companies, …
W. R. Berkley Corp. in Greenwich, Conn. has appointed Peter L. Kamford, senior vice president, to a newly created position. Kamford’s new responsibility will be to co-head the placement of the company’s ceded reinsurance programs along with senior vice president …
A year after the worst U.S. offshore oil spill swamped the Gulf coast with petroleum and misery, officials Wednesday declared the hard-hit region reborn. It is still too early to know the long-term damage to the Gulf’s rich and complex …
