November 3, 2010
San Diego, CA, 11/03/2010 – ARROWHEAD General Insurance Agency, Inc., a leading provider of property and casualty insurance programs and one of the nations largest program managers, is pleased to announce the acquisition of program manager Alexander Anthony Insurance Agency, …
March 17, 2010
Standard & Poor’s Ratings Services has lowered its long-term counterparty credit and insurer financial strength ratings on Jordan-based Middle East Insurance Company (MEICO) to ‘BBB-‘ from ‘BBB’. The outlook is stable. The rating action follows the “downgrade on March 12, …
March 1, 2010
Insurance agents with customers waiting to be covered in the federal flood insurance program should tell those customers about the program’s suspension, an insurance expert is advising. As reported by Insurance Journal, the program could be in limbo for about …
December 22, 2009
Insurance agents who write insurance coverage for subcontractors in the construction field need to be familiar with consolidated insurance programs (CIP). These type of programs are often labeled as “wrap-up” programs. There are two types of CIPs that the agent …
September 28, 2009
Unless you live in Florida or Louisiana, or regularly read the Insurance Journal, you may only now being hearing about the latest mass tort craze: Chinese-Manufactured Drywall (often simply referred to as “Chinese Drywall”). The property damage and personal injury …
April 16, 2009
A new errors and omissions insurance program for property management firms, named SmartPro™, is now available from New Empire Group, Ltd. Robert E. Mackoul, CLU, Chief Executive Officer of New Empire Group stated, “The program is geared toward small to …
February 3, 2009
Standard & Poor’s Ratings Services has raised its counterparty credit and senior unsecured debt ratings on Bermuda-based insurance and reinsurance holding company AXIS Capital Holdings Ltd. to ‘A-‘ from ‘BBB+’. S&P also raised its counterparty credit and financial strength ratings …
January 15, 2009
While the maximum potential exposed insurance limits resulting from the alleged Bernard Madoff Ponzi scheme are estimated to be above $6 billion, the range of direct insured losses will be a far smaller number, most likely somewhere between $760 million …
November 26, 2008
A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit rating (ICR) of “a” of Beazley Insurance Company, Inc. (BICI) of Farmington, Conn. with stable outlooks. Best noted that the “ratings reflect the significant …
November 17, 2008
Nearly three in five (58 percent) women business owners anticipate that their organizations’ revenues will grow in 2009, and nearly one-half (44 percent) do not expect difficulty in obtaining access to credit, according to the 2008 Business Risk Survey conducted …