Australia Flood Damage Seen as Long-term; Rail, Road Links Destroyed January 7, 2011 By Daniel Munoz Australia’s flood-stricken coal industry may be disrupted for months after key rail and road links were washed away, while some...
Wholesale Brokerage R-T Specialty Opens Dallas, Texas Office January 7, 2011 R-T Specialty, LLC (RT), the wholesale brokerage arm of Ryan Specialty Group LLC (RSG) has opened a new office in...
Omega Raises NZ Quake Estimates to $16.8 Million; Australia Floods January 7, 2011 Bermuda-based Omega Insurance Holdings Limited, which is also a leading LLoyd’s insurer, has issued a revised estimate of the losses...
Oklahoma Insurance Commissioner-Elect Names Staff Members January 7, 2011 Incoming Oklahoma Insurance Commissioner John Doak has appointed 10 members of his staff to lead the Oklahoma Insurance Department. Joining...
Brooks Named Eastern Zone Vice President for Farmer’s January 7, 2011 Farmer’s Insurance Group has named Todd Brooks senior vice president of its eastern zone, which comprises the states of Alabama,...
Ratings Recap: Computer, FirstComp January 7, 2011 A.M. Best Co. has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit rating of “a” of Providence...
New York Insurers Applaud Plan to Merge State’s Regulatory Arms January 7, 2011 By Kenneth J. St. Onge A key trade group for insurers in New York State applauded a proposal by Gov. Andrew Cuomo to merge the...
Swiss Re Places $97 Million Windstorm Cat Bond for Groupama January 7, 2011 Swiss Re Capital Markets has successfully structured and placed €75 million [app. $97 million] of notes issued by Green Fields...
Best Upgrades Am. Country, Am. Service after Kingsway Public Offering January 7, 2011 A.M. Best Co. has upgraded the financial strength rating (FSR) to ‘B’ (Fair) from ‘B-‘ (Fair) and issuer credit ratings...
Recent Calif. Regulator Actions Create Insurance Agent/Broker Concerns January 7, 2011 Reflecting on Calif. Insurance Commissioner Dave Jones’ recent emergency order to enforce medical loss ratio rules requiring insurers to limit...