Puerto Rico News

NHC Tracking Potential Tropical Storm

The National Hurricane Center in Miami is currently tracking a “vigorous tropical wave located over Puerto Rico and the Virgin Islands.” So far the disturbance has produced only “widespread cloudiness and thunderstorms across the northern Leeward Islands, the Virgin Islands, …

Ratings Roundup: Allianz (Italy), MAPFRE PRAICO, Maiden

A.M. Best Co. has affirmed the financial strength rating of ‘A+’ (Superior) and issuer credit rating (ICR) of “aa” of Allianz S.p.A. (Italy), both with stable outlooks. Best explained that the ratings reflect the “enhancement received from the implicit support …

Navigators, Victor O. Schinnerer Launch Non-Profit Directors & Officers Program

Navigators Insurance Co. and Victor O. Schinnerer & Co., Inc. have launched a non-profit D&O program. Schinnerer will act as program administrator for Navigators. The admitted filing of this countrywide program is currently under way and 44 states, the District …

Agents Seek More Real Time Options from Carriers

Independent agents and brokers want more carriers to offer real-time functionality, according to a new industry survey. Agents believe those carriers will deliver the greatest benefit in making real time the predominant workflow in their agencies. Participants from every state, …

Ratings Recap: Cooperativa, Patria Re

A.M. Best Co. has revised the outlook to negative from stable and affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of Puerto Rico based Cooperativa Seguros Group and its operating member, Cooperativa …

Survey: Agents Seek More Real Time Options from Carriers

Independent agents and brokers want more carriers to offer real-time functionality, according to a new industry survey. Agents believe those carriers will deliver the greatest benefit in making real time the predominant workflow in their agencies. Participants from every state, …

High-Powered Trial Attorneys Compete for Toyota Litigation

Scores of high-powered U.S. trial lawyers pursuing Toyota in court over the car company’s wide-ranging safety recalls gathered Wednesday to compare notes, strategize and jostle for a prime shot at the legal bounty. The conference at a San Diego hotel …

Minnesota Scores “A+” on Workers’ Comp Report Card

Minnesota ranks the best in the nation in terms of workers’ compensation performance, according to the Encinitas, Calif.-based Work Loss Data Institute (WLDI), which recently released its 2010 State Report Cards for Workers’ Compensation. Using eight years of data from …

First Tsunami Awareness Week: States To Test Communication System

In the wake of last month’s tsunami in Chile and less than six months after a tsunami hit American Samoa — both events that resulted in loss of life and property — The National Oceanic and Atmospheric Administration and the …

Society of CISR Adds Members to Board of Governors

Austin, Texas-based The National Alliance for Insurance Education & Research has announced the addition of five new members to the 2010-2016 Certified Insurance Service Representatives (CISR) board of governors. New board members will serve six-year terms. Officers serve one year …