Standard & Poor’s and Moody’s Investors’ Service both issued favorable comments yesterday on the current prospects at Lloyd’s. The announcements followed a number of first half reports from syndicates indicating strong profit growth on increasing premiums. Stephen Searby, S&P’s director …
A consumer group is urging the United States Attorney for the Eastern District of California to investigate a series of contributions totaling $175,000 from an insurance company, Mercury General Corporation, to Governor Gray Davis. The contributions, which have been made …
MapInfo Corp. announced the availability of RiskDataInfo, a comprehensive data set of weather and natural hazards for its Insurance Decision Solution Suite (IDSS), the company’s industry-leading insurance visualization solution. Now, insurance companies and reinsurers can visually analyze and consider the …
A.M. Best Co. has affirmed the financial strength rating of A- (Excellent) of Sunderland Marine Mutual Insurance Company Limited (SMMI), United Kingdom. The outlook is stable. The rating reflects the company’s excellent capital position on a risk-adjusted basis, significantly improved …
South Jersey insurance agents have received many calls in the aftermath of Hurrican Isabel, but few real claims, according to the Cherry Hill (N.J.) Courier-Post. Some incidents reported included trees down in swimming pools and atop porches, siding blown off …
Barry Zalma, author of Insurance Claims: A Comprehensive Guide, announced the publication of update 105 which contains updates on the following subjects: — “Chapter III-1: Identifying Insurance Fraud” has been updated to include a detailed review of the science of …
The Michigan Retailers Association (MRA) urged state lawmakers to reject an executive order reorganizing departments because it jeopardizes the workers’ compensation system. In testimony presented to the House Commerce Committee, MRA President and CEO James P. Hallan said: “Today, Michigan’s …
Standard & Poor’s Ratings Services said that it raised its counterparty credit rating on Willis Group Holdings Ltd. to ‘BBB-‘ from ‘BB+’ based on Willis’s consistent and improved operating performance across its main business segments, significantly improved operating fundamentals as …
ABD Insurance and Financial Services, a leading provider of global risk management and employee benefits solutions, announces the opening of a regional office serving the greater Reno, Nevada area. The new office is located in the US Bank Building on …
Cincinnati, Ohio-based Midland Co. announced that it estimates its losses from Hurricane Isabel will likely be in the range of $10 million to $15 million (pre-tax), which after the benefit of reinsurance, would impact earnings per share by 15 to …