A.M. Best Co. has affirmed the financial strength ratings (FSR) and issuer credit ratings (ICR) of the property/casualty and life/health insurance subsidiaries of Assurant, Inc. Best also affirmed the ICR of “bbb” and debt ratings of Assurant. The outlook for …
A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating (FSR) of ‘B+’ (Good) and the issuer credit ration of “bbb-” of Guernsey-based Connaught Insurance Company Limited, the captive insurance company of Thomas Greg & Sons Limited …
A Chinese drywall manufacturer has agreed to participate in the remediation of up to 300 homes in Alabama, Mississippi, Louisiana and Florida that were contaminated by faulty drywall. The agreement reached with Knauf Plasterboard Tianjin (KPT) in Chinese Drywall multidistrict …
A Chinese drywall manufacturer has agreed to participate in the remediation of up to 300 homes in Alabama, Mississippi, Louisiana and Florida that were contaminated by faulty drywall. The agreement reached with Knauf Plasterboard Tianjin (KPT) in Chinese Drywall multidistrict …
Alterra Capital Holdings Limited has renamed Max Specialty Insurance Co. as Alterra Excess & Surplus Insurance Co. This is part of an overall rebranding of Alterra following the May 2010 merger of Max Capital and Harbor Point to form Alterra. …
IronPro, the professional liability division of Ironshore Inc. has introduced Enterprise PrivaProtector 9.0 to assist businesses in managing their network security and privacy risks. In 2010, the Identity Theft Resource Center reported 533 privacy breaches involving over 13 million personal …
Highway Deaths Lowest Since 1950 Highway deaths fell to 33,808 in the United States for the year 2009, the lowest number since 1950. The decline in traffic fatalities occurred even while estimated vehicle miles traveled in 2009 increased by 0.2 …
Hurricane Igor has weakened a little, but still remains a large and powerful hurricane, the National Hurricane Center reported this morning. The hurricane was about 1,000 miles southeast of Bermuda. It was moving at about 10 mph and has sustained …
Tropical Storm Julia grew in the far eastern Atlantic into the fifth hurricane of the storm season, while Hurricane Igor weakened slightly but remained a dangerous Category 4 storm, forecasters said on Tuesday. Neither hurricane posed an immediate threat to …
Property/casualty insurers now have access to two standardized watercraft coverage programs for the cost of one. The American Association of Insurance Services (AAIS) has released revised forms and new manual rules and loss cost rating information for insuring privately owned …
