A.M. Best Co. has downgraded the issuer credit rating (ICR) to “bbb” from “bbb+” and affirmed the financial strength rating...
P&C Companies News
The U.S. Senate Banking Committee has scheduled a hearing on March 5 to examine government aid to insurer American International...
Reno, Nev.-based Employers Holdings Inc. reported net income for the fourth quarter of 2008 of $15.9 million compared with $31.8...
Beleaguered U.S. insurance giant American International Group may allow the U.S. government to take control of certain assets should the...
Financial services companies now pay the highest average premiums for directors and officers (D&O) liability insurance, surpassing rates paid by...
Warren Buffett has some explaining to do. Berkshire Hathaway Inc, his insurance and investment company, is in the midst of...
General Re Corp., a reinsurance unit of billionaire Warren Buffett’s Berkshire Hathaway Inc., agreed to pay $72 million to settle...
Reinsurers have begun 2009 determined to wrest back the initiative from a period of softening rates and savagely declining investment...
The European Union should set up two bodies to coordinate oversight of financial institutions across Europe, according to a report...
Louisiana-based Amerisafe Inc., a writer of high hazard workers’ compensation insurance, said its fourth-quarter profit fell 69 percent due to...