Fitch Ratings has affirmed the ‘A+’ senior debt rating for Cincinnati Financial Corporation (CFC) and the ‘AA’ insurer financial strength ratings of CFC’s three property and casualty subsidiaries led by The Cincinnati Insurance Company (CIC) and its life insurance subsidiary …
Travelers Property Casualty Corp. has executed a definitive agreement settling asbestos-related statutory-based direct actions pending against Travelers under various unfair trade practices acts and similar statutes, including the Wise, Meninger and Cashman purported class actions and similar cases. The settlement …
Tenet Healthcare Corp. has reported results for its fourth quarter and full year ended Dec. 31, 2003. “This was a tough quarter made even tougher by rising bad debt from the growing number of uninsured patients we treat, and our …
As part of Washington-based Unigard’s ongoing development and support of the open ACORD standard and the latest in a series of releases, the company has added the ability to access personal and commercial loss run reports via Transformation Station, through …
A representative of the Maryland Insurance Administration (MIA) will be at the Hooper’s Island Volunteer Fire Company on Monday, March 29, from 10 a.m. to 7 p.m., to help citizens who are still having problems related to Hurricane Isabel or …
Nevada Insurance Commissioner Alice Molasky-Arman has approved the request of Physicians Insurance Company of Wisconsin Inc. (PIC) for a 15 percent increase for medical malpractice insurance. In addition to the 15 percent base rate increase for all classifications in all …
A.M. Best Co. has commented that the group financial strength rating of A (Excellent) of Safeco Life Insurance Company (Redmond, Wash.) and its life/health subsidiaries (collectively referred to as Safeco Life) remains under review with developing implications. This follows the …
The Texas homeowners insurance market has turned the corner and is regaining momentum to be more competitive, according to year-end reports that carriers file with the Texas Department of Insurance (TDI). TDI said the top homeowners insurance companies reported a …
Caliber Collision Centers, an operator of collision repair facilities in California and Texas, has named Dan Pettigrew as executive vice president of Operations. Pettigrew will assume responsibility for the oversight of all center operations in California and Texas, and in …
The American Insurance Association (AIA) has commended the Wisconsin legislature’s passage of a key measure to keep “junk science” out of the courtroom. The bill, SB 49, applies the “Daubert” federal expert witness standard to Wisconsin’s courts. As a result, …