Following a review, Standard & Poor’s Ratings Services affirmed its ‘AA’ long-term counterparty credit and insurer financial strength ratings on Spanish social security mutual FREMAP Mutua de Accidentes de Trabajo y Enfermedades Profesionales de la Seguridad Social (FREMAP). The outlook …
State Auto Financial Corp. announced that it estimates that May storms would contribute about $23 million to $26 million pre-tax to losses in the second quarter, adding 10 to 11 direct-loss ratio points to second quarter results. The first two …
Nearly seven in 10 consumers polled blame attorneys and the legal system for surging medical malpractice rates, according to a recent online survey conducted by Weiss Ratings Inc. While 68.6 percent of respondents found lawyers and the court system to …
Nassau District Attorney Denis Dillon, the New York State Insurance Department, the State Insurance Fund and the Inspector General of the Workers’ Compensation Board jointly announced the arrest of six individuals for insurance fraud resulting in the theft of thousands …
Swiss Re announced that it has published a timely new study, “Terrorism risks in property insurance and their insurability after 11 September 2001,” which it described as a “brochure aimed at identifying the perimeters of terrorism, assessing risk related to …
California State Compensation Insurance Fund and Contra Costa County District Attorney Bob Kochly announced that the former owners of the now bankrupt Richmond-based Barthell Construction and Roofing Co. have been sentenced to five years probation and ordered to pay $187,000 …
The Bluebook International Inc. announced the availability of InsureBASE(TM), an automated residential property information solution. InsureBASE(TM), leveraging Microsoft technology and developed by The Bluebook International and Basis100, is designed to help insurers identify and mitigate the risks associated with determining …
Standard & Poor’s Ratings Services said that it lowered its counterparty credit and senior debt rating on Pennsylvania-based Harleysville Group Inc. to ‘BBB’ from ‘BBB+’. The outlook is stable. Concurrently, Standard & Poor’s assigned its preliminary ‘BBB’ senior debt, ‘BBB-‘ …
Zenith National Insurance Corp. declared a regular quarterly cash dividend of $.25 per share on its outstanding shares. The dividend is payable Aug. 14, 2003 to stockholders of record at the close of business on July 31, 2003.
Swiss Re launched “Terrorism risks in property insurance and their insurability after 11 September 2001,” a brochure aimed at identifying the perimeters of terrorism, assessing risk related to terrorism, how risk has changed and how the risk community is dealing …