Guy Carpenter and EQECAT announced their intention to jointly develop the “DACH Flood” software, which they described as “an accumulation tool that will allow users to assess their exposure to flood in Europe using a fully probabilistic modeling approach.” The …
Standard & Poor’s Ratings Services announced that it has affirmed its “AA-” long-term counterparty credit, insurer financial strength, and insurer financial enhancement ratings on Swiss-based Allianz Risk Transfer (ART). S&P also affirmed its “A-1+” short-term counterparty credit rating on ART. …
A.M. Best Co. announced that it has withdrawn the financial strength rating of “B++” (Very Good) of Unum Japan Accident Insurance Co. Ltd. following the change in ownership to Hitachi Capital Corporation. “UnumProvident Corporation sold Unum Japan to Hitachi Capital …
The closing arguments in the federal fraud and racketeering trial of Chicago broker Michael Segal are scheduled to be held today in the U.S. District Court of Northern Illinois. They were originally scheduled for last Thursday but were delayed by …
Mother Nature wreaked havoc on the Front Range this week—battering cars and homes with golf ball and baseball-sized hail. Heavy rain and hail flooded streets and basements from Golden to Lakewood, to Metro and Southwest Denver. And the worst of …
A.M. Best Co. has affirmed the financial strength ratings of A+ (Superior) for California-based 21st Century Insurance Group. Concurrently, A.M. Best has affirmed the “a-” senior debt rating of 21st Century Insurance Group Inc.’s existing debt securities. The outlook for …
IHI Insurance Services, formerly known as Intercare, is celebrating 10 years of doing business in California. IHI, a parent holding company specializing in risk management and benefit consulting services for insurance, opened its doors June 10, 1994 in Roseville, Calif. …
Mississippi Governor Haley Barbour was wasting no time in telling national business leaders across the country about Mississippi’s newly-passed tort reform legislation. Gov. Barbour met this week with corporate leaders and media outlets in New York and Washington to officially …
Colorado Governor Bill Owens announced he is making up to $600,000 available in grants from the Department of Local Affairs to help the town of Granby with the recovery efforts in the wake of the bulldozer attack on June 4. …
The Workers’ Health and Safety division of the Texas Workers’ Compensation Commission will present a one-day educational seminar on Accident Prevention Planning, on Wednesday, June 16, from 8 a.m. to 5 p.m. Registration begins at 7:30 a.m. The seminar will …