Home insurance is now the number one target for insurance fraudsters according to the hundreds of fraudulent insurance claims exposed every day, according to the Association of British Insurers (ABI). To back up is assertion the ABI released the following …
The Federal Emergency Management Agency (FEMA) is seeking a top-to-bottom review of the efforts to reform the nation’s flood insurance program. The National Association of Mutual Insurance Companies (NAMIC) has offered a set of reform proposals designed to improve the …
Flagstone Reassurance Suisse SA and Risk Management Solutions have announced the successful placement of $210 million of multi-peril Montana Re 2010-1 Notes, the second offering sponsored through the Montana Re shelf program. RMS noted that it had “conducted the expert …
Fitch Ratings Has affirmed today the following International and National ratings assigned to Sul America S.A. (Sasa), the holding company of Sul America Seguros (SAS): –Foreign and Local Currency Long-Term Issuer Default Ratings (IDRs) at ‘BB+’; –Foreign and Local Currency …
A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit ratings (ICR) of “aa” of the Progressive Agency Pool, Progressive Direct Pool and Progressive Commercial Auto Group (collectively known as Progressive) and their respective …
A.M. Best Co. has affirmed the financial strength ratings (FSR) of ‘A++’ (Superior) and issuer credit ratings (ICR) of “aaa” of Texas-based United Services Automobile Association (USAA) and its property/casualty and life/health subsidiaries. Best also affirmed the debt rating of …
Some insurance companies that use computerized systems to process their claims are making unfair, “low-ball” claims offers to people injured in automobile accidents, according to a consumer advocacy group. The Consumer Federation of America (CFA) is warning Americans that Colossus …
A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of new York-based Transatlantic Reinsurance Company, Swiss-based Trans Re Zurich Reinsurance Company Ltd. and Putnam Reinsurance Company. Best also affirmed …
The resistance by one community in Michigan’s rural Thumb to a couple’s plans to renovate the Lake Huron shoreline cottage has led to an $860,000 federal court damage award against the township. The $100,000 limit on Worth Township’s liability insurance …
Many Florida homeowners expected relief from the higher property insurance bills that followed the busy 2004 and 2005 hurricane seasons. But more than 4 million homeowners are about to get hit by rate hikes and disappearing coverage. State regulators have …
