Standard & Poor’s has affirmed its ‘BBBpi’ financial strength rating on Pioneer State Mutual Insurance Co. based on the company’s extremely strong capitalization, good operating performance, and high geographic concentration. Based in Flint, Mich., the company writes auto, homeowners, farm …
With medical malpractice reform reportedly unlikely at the federal level and in many crisis states, insurers unable to make a profit and coverage for doctors unaffordable, new ways are needed to manage the risk, panelists told the recent Annual Meeting …
The National Association of Professional Insurance Agents (PIA) this week applauded action by Congress to reauthorize the National Flood Insurance Program (NFIP) for three months, until March 31, 2004, to allow more time to consider reform proposals. PIA conducted a …
A.M. Best Co. has affirmed the financial strength rating of A (Excellent) of QBE Re Group – U.S. (QBE) (New York, N.Y.). This rating applies to QBE Reinsurance Corporation (Philadelphia) and its subsidiaries, QBE Insurance Corporation (Philadelphia) and QBE Specialty …
Chattem, Inc., a marketer and manufacturer of branded consumer products, announced that Interstate Fire & Casualty Company (“Interstate”) has filed a motion to intervene as a party plaintiff in the previously disclosed lawsuit filed by Kemper Indemnity Insurance Company (“Kemper”) …
The 5th Annual Windstorm Insurance Conference will be held Feb. 4-7 at the Sheraton New Orleans Hotel. For more information, contact Michelle Griffin at 850-469-9052 or call the Meeting Management Group at 813-988-0737 to make reservations. Check www.windnetwork.com for details …
Standard & Poor’s has affirmed its ‘BBBpi’ counterparty credit and financial strength ratings on Farm Bureau Mutual Insurance Co. of Idaho (Farm Bureau). The ratings reflect its extremely strong capitalization, marginal operating performance, and high geographic concentration. Major rating factors …
Standard & Poor’s affirmed its ‘BBBpi’ counterparty credit and financial strength ratings on Physicians Insurance Co. of WI. The ratings reflect the company’s very strong capitalization, good operating performance, and high geographic and product line concentration. Major rating factors — …
Munich Re reported 152 million euros ($180 million) net income for the third quarter, compared to a loss of 859 million euros ($1.02 billion) in the same period of 2002, but the world’s biggest reinsurer also announced that it does …
A.M. Best Co. announced that it has downgraded the financial strength ratings to ‘A-‘ (Excellent) from ‘A’ (Excellent) of Bermuda-based Centre Solutions (Bermuda) Limited and its operating subsidiaries, units of the Zurich Financial Services Group. It also said that the …