Year-End Storms Cloud P/C Insurers’ Profit Picture January 5, 2011 By Ben Berkowitz U.S. property insurers like Travelers Cos. Inc. and Chubb Corp. were expecting a relatively mild fourth quarter for catastrophe losses,...
Everest Re Group Finalizes Acquisition of Heartland Crop Insurance January 4, 2011 The Bermuda-based Everest Re Group has acquired the business and operations of Heartland Crop Insurance, Inc., a managing general agent,...
BP’s Gulf Spill Costs Look Manageable 8 Months Later December 31, 2010 By Chris Kahn As the Gulf oil spill gushed out of control, BP’s financial liabilities seemed big enough to sink the company. No...
BP’s Gulf Spill Costs Look Manageable 8 Months Later December 30, 2010 By Chris Kahn As the Gulf oil spill gushed out of control, BP’s financial liabilities seemed big enough to sink the company. No...
Heavy Rains, Floods Disrupt Australia Coal Mining, Port, Freight Operations December 29, 2010 By Rebekah Kebede Heavy rains and flooding in Australia’s key coal-producing Queensland state have impacted mining operations and brought parts of the coal...
Best Affirms USAA and Subs ‘A++’ Ratings; Outlook Stable December 29, 2010 A.M. Best Co. has affirmed the financial strength ratings (FSR) of ‘A++’ (Superior) and issuer credit ratings (ICR) of “aaa”...
BIS Launches Lenders Misrepresentation Insurance December 29, 2010 Bakerjian Insurance Services (BIS) has launched of a new insurance product designed to protect lenders against potential damage from repurchase...
Rates Rising But Florida Home Insurers Report Still Losing Money December 28, 2010 Many Florida homeowners expected relief from the higher property insurance bills that followed the busy 2004 and 2005 hurricane seasons....
Ratings Roudup: PMG (Sony), Qatar General, Al Ittihad December 28, 2010 A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit rating (ICR) of “a”...
Best Europe Affirms ‘A’ Ratings of HDI, Gerling, Talanx Companies December 28, 2010 A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and the issuer...