P&C Companies News

WCRA Reducing Reinsurance Rates

The Workers’ Compensation Reinsurance Association (WCRA) announced it is reducing the reinsurance rates it charges to self-insured Minnesota employers and...

S&P Lowers Ratings on Hannover Re Group

Standard & Poor’s announced that has lowered its long-term counterparty credit and insurer financial strength ratings on Hannover Ruckversicherungs AG...

S&P Affirms Marsh & McLennan Cos.

Standard & Poor’s affirmed its ratings on Marsh & McLennan Companies (MMC). The outlook has been revised to stable from...

FRONTIER PACIFIC LIQUIDATED

Frontier Pacific Insurance Company, which was conserved because it is insolvent, was finally given the Liquidation Order on Dec. 3....

SAFECO EXPECTS ENRON LOSSES

Insurer SAFECO Corp. stated that it expects fourth-quarter profits to be cut by insurance policies sold to Enron Corp., investments...

REGULATORY SYSTEM ANALYZED

The California system held up by a consumer group as a model for auto insurance regulation in fact may have...