Reinsurance Renewal Rates On the Decline, Reports Claim December 30, 2010 Reinsurance rates for 2011 are falling at the same or greater pace than traditional insurers and further softening of the...
Report: Questionable Insurance Claims Increased 12% December 30, 2010 The economic crisis might have had a hand in pushing people to commit insurance fraud. However, it isn’t entirely to...
BP’s Gulf Spill Costs Look Manageable 8 Months Later December 30, 2010 By Chris Kahn As the Gulf oil spill gushed out of control, BP’s financial liabilities seemed big enough to sink the company. No...
How to Fix Nation’s Flood Insurance Program December 30, 2010 By Jimi Grande The Federal Emergency Management Agency (FEMA) is seeking a top-to-bottom review of the efforts to reform the nation’s flood insurance...
Best Puts Clarendon’s Ratings on Review/Negative for Enstar Sale December 29, 2010 A.M. Best Co. has placed under review with negative implications the financial strength rating (FSR) of ‘A-‘ (Excellent) and issuer...
Best Affirms Progressive and Subs ‘A+’ Ratings; Outlook Stable December 29, 2010 A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit ratings (ICR) of “aa”...
Best Affirms USAA and Subs ‘A++’ Ratings; Outlook Stable December 29, 2010 A.M. Best Co. has affirmed the financial strength ratings (FSR) of ‘A++’ (Superior) and issuer credit ratings (ICR) of “aaa”...
BIS Launches Lenders Misrepresentation Insurance December 29, 2010 Bakerjian Insurance Services (BIS) has launched of a new insurance product designed to protect lenders against potential damage from repurchase...
Report: Some Insurers ‘Low-Balling’ Auto Insurance Claims for Bodily Injury December 29, 2010 Some insurance companies that use computerized systems to process their claims are making unfair, “low-ball” claims offers to people injured...
Best Affirms Transatlantic Holdings and Subs ‘A’ Ratings of December 28, 2010 A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a”...