ePolicy.com Insurance Services, Inc., announced it has signed an agreement with Republic Indemnity Company, a subsidiary of American Financial Group, which is a member of the Great American Insurance Group, to offer workers’ compensation insurance, loss control and claims management …
The “Bpi” financial strength rating on Pasadena, Calif.-based PAULA Insurance Co. was lowered to “CCCpi” by S&P. Major rating factors include the company’s declining surplus level; highly unfavorable recent reserve development; sustained high leverage; and continued marginal operating performance. PAULA …
The Independent Insurance Agents of America (IIAA) expressed its approval of the efforts made by a number of states to enact licensing reforms. IIAA State Government Affairs Committee Chairman Ronald A. Smith emphasized that such efforts are necessary in order …
Standard & Poor’s lowered its financial strength rating on PAULA Insurance Co. to triple-‘Cpi’ from single-‘Bpi’. The rating action reflects the company’s deteriorating surplus, unfavorable recent reserve development, sustained high leverage, and continued marginal operating performance. Based in Pasadena, Calif., …
Swiss Re announced that it was “adding four specialized tools to the Swiss Re Portal, the company’s Internet-based gateway to its e-business initiatives,” for its North American clients. Launched last October, it provides users with access to industry information and …
The “BBBpi” FSRs on Oregon Mutual Insurance Co. was affirmed by S&P. The rating action was based on the consolidated results of the company and its wholly owned subsidiary, Western Protectors Insurance Co., collectively known as Oregon Mutual Group. Oregon …
Less than a week before they were scheduled to be in court for the beginning of what could have been a long and bitter legal fight, the Washington State Office of the Insurance Commissioner (OIC) and Woodland Hills, Calif.-based Crusader …
InsuranceNoodle announced yesterday that it is licensed to sell insurance in California, bringing its total to 34 states and nine of the 10 largest states in which the online company is doing business. Licensing in Texas-the only large state remaining-is …
Standard & Poor’s has lowered its financial strength rating on Western Mutual Insurance Co. to triple-‘Cpi’ from double-‘Bpi.’ This rating action reflects continued deterioration in the company’s claims experience, leading to net losses in 1999 through to the third quarter …
