California Governor Gray Davis signed legislation to raise the assessments on workers’ compensation insurers. The bill, AB 1183, sponsored by...
P&C Companies News
Following a late night debate, the California State Assembly voted to defeat a controversial financial privacy measure that would have...
SAFECO stated on Sept. 20 that its primary insurance lines will likely incur losses of $25 million due to the...
Arizona Insurance Director Charles Cohen suspended the license of Penn Treaty Network America Insurance Company, prohibiting the company from issuing...
Standard & Poor’s (S&P) placed its “A+” counterparty credit and financial strength ratings on American Excess Insurance Exchange RRG (AEIX),...
A.M. Best Co. downgraded the financial strength rating (FSR) of Stockton Reinsurance Limited to “BB++” from “A-” and removed the...
Fitch has assigned an “A+” rating to XL Capital Ltd.’s (XL) offering of $250 million of zero coupon convertible debentures...
A.M. Best Co. has placed the FSR of “A” for the Trenwick Group, Bermuda, under review with negative implications. Additionally,...
S&P assigned its “R” FSR to Associated Physicians Insurance Co. (APIC). APIC was declared insolvent and placed into liquidation on...
The world’s two largest reinsurance companies, Swiss Re and Munich Re, have practically doubled their estimates of potential losses and...