Insurer Ohio Casualty Corp. announced that third quarter earnings will be impacted by net catastrophe losses estimated at $16 million before tax which were incurred during the period July 1 through Sept. 24. About $9 million of the estimated catastrophe …
A.M. Best Co. announced that it has downgraded the financial strength rating to B++ (Very Good) from A- (Excellent) of Unum Japan Accident Insurance Co. Ltd., removed the company from under review, and revised its outlook to stable from negative. …
An earthquake measuring in excess of 8 on the Richter scale struck the Northern Japanese Island of Hokkaido early this morning, local time, causing property damage and injuring more than 230 people. The tremor and two smaller aftershocks were centered …
Farmers Insurance Group told the Missouri Department of Insurance that it is withdrawing from medical malpractice coverage in all 18 states where the firm operates. Affected in Missouri is physician and hospital business written by two Farmers subsidiaries, Truck Insurance …
In the wake of crisis and turmoil in the California workers’ compensation arena, Keenan & Associates has created and implemented a new generation workers’ compensation program – a hybrid self-insurance and re-insurance model that now covers 381 school districts and …
MaximInsurance, based in League City, Texas, announced it will now service customers 24 hours a day, 7 days a week. The company said it is one of the first agencies in the Houston area to respond to growing consumer interest …
North Carolina Insurance Commissioner Jim Long cautioned consumers about the use of “public adjusters” to process Hurricane Isabel-related claims. Public adjusters are not the same as the adjusters sent by insurance companies, and Long urges citizens to be aware of …
The Farmers Insurance Group of Companies’ Truck Insurance Exchange® unit will reportedly discontinue its medical malpractice insurance line of business. According to the company and effective immediately, Farmers will no longer write new medical malpractice coverage and will begin the …
A new service developed by Insurance Services Office, Inc. (ISO) reportedly helps insurers comply with state legal and insurance regulatory requirements. ISO will begin making its new Policywriting Support Forms available to participating insurers on Oct. 1. ISO will maintain …
CDS Business Mapping, a provider in online hazard mapping for the insurance industry, announced the release of version 2 of the CDS Hail Model. The model predicts the severity of hail for any location in the Continental United States. Key …