In Few Years, Social Network Data May Be Used in Underwriting October 13, 2011 By Young Ha The insurance industry is paying increasing attention to what people and businesses post on social networking sites like Facebook, Twitter...
Best Affirms Aspen Specialty, Aspen American Ratings; Outlook Stable October 13, 2011 A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A (Excellent) and issuer credit ratings (ICR) of “a”...
Sen. Blumenthal Asks State Farm to Drop Hurricane Deductible for Irene October 13, 2011 U.S. Senator Richard Blumenthal (D-Conn.) called on State Farm Insurance to drop its hurricane deductible for Connecticut residences whose homes...
2,100 Jobs Lost in Insurance Industry in August October 13, 2011 The latest U.S. jobs data show the insurance industry lost 2,100 jobs overall in August. The industry employs some 2,211,000...
Aon Hires Willis Executive to Lead Contract Surety Unit in Boston October 13, 2011 Aon Risk Solutions appointed Paul Healy as executive vice president and national managing director of contract surety. Based in Boston,...
Ratings Recap: HSB (UK), Nissan Global Re, Optima, Hatherley/Park October 13, 2011 A.M. Best Europe – Rating Services Limited has upgraded the financial strength rating to ‘A++’ (Superior) from ‘A+’ (Superior) and...
U.S. Sanctions BP, Contractors for Gulf Oil Spill October 13, 2011 By Ayesha Rascoe The U.S. offshore drilling regulator Wednesday formally issued sanctions against BP and the major contractors involved in the 2010 explosion...
2 Life Insurers Meet Systemic Risk Criteria October 13, 2011 Only two life insurers — MetLife Inc.. and Prudential Financial Inc. — meet the newly developed requirements to be considered...
Catalina Holdings (Bermuda) Completes Residential Loss Control Acquisition October 13, 2011 Catalina Holdings (Bermuda) Ltd announced that following regulatory approval from the Colorado and Hawaii Departments of Insurance, it has completed...
Endurance Appoints Lamer to Head U.S. Property Cat Treaty Reinsurance October 13, 2011 Bermuda-based Endurance Specialty Holdings Ltd announced that Rene Lamer will assume the role of Senior Vice President and Head of...