Georgia’s insurance industry is teaming up with state authorities to launch an ambitious effort to crack down on the rising number of insurance fraud cases. Incoming Insurance Commissioner Ralph Hudgens, who takes office in January, said this week he plans …
Moody’s Investors Service affirmed its A2 insurance financial strength rating for Fireman’s Fund Insurance Co. Moody’s also announced that its outlook for the Novato, Calif.-based insurer remains stable, which is consistent with the stable outlook of its parent company, Allianz …
A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating of ‘A+’ (Superior) and issuer credit rating of “aa-” of Lloyd’s Syndicate 2001, which is managed by Amlin Underwriting Limited. Best has also affirmed the ICR of …
A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit rating of “a” of Swiss-based Amlin AG, a reinsurance subsidiary of the Amlin Group, which was formerly based in Bermuda as …
The Bermuda-based Everest Re Group announced that it has entered into discussions with Heartland Crop Insurance, Inc. regarding a potential acquisition of the Kansas-based company by Everest Reinsurance Holdings, Inc. or one of its affiliates. Everest Re said the “parties …
A.M. Best Co. has assigned a financial strength rating of ‘B+’ (Good) and issuer credit rating of “bbb-” to Michigan-based PrimeOne Insurance Company, both with stable outlooks. The ratings of PrimeOne “largely reflect its adequate initial capitalization and the track …
Questionable property/casualty insurance claims rose 12 percent in the third quarter over last year, according to the latest reports from insurance companies. Through the third quarter of 2010, the National Insurance Crime Bureau received 70,295 referrals for questionable claims from …
A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit ratings (ICR) of “aa-” of Allstate Insurance Group and its members. Best also affirmed the ICR of “a-” and debt ratings of Allstate’s parent, …
The Obama administration Wednesday launched a legal battle against BP Plc and its partners by suing them for the worst offshore oil spill in U.S. history, which could cost the companies billions of dollars. The lawsuit seeks damages from the …
The Supreme Court of Georgia has ruled in favor of insurance companies in two cases involving how much people injured in car wrecks should get under uninsured motorists coverage. At issue was whether the two injured persons were entitled to …
