Bermuda-based Endurance Specialty Holdings Ltd. reported that estimated potential claims from Hurricane Frances, after-taxes and net of reinsurance and reinstatement premiums, are expected to be $20 million or less. The company said the “estimate is based on currently available information …
Standard & Poor’s Ratings Services affirmed its ‘BBB-‘ counterparty credit rating on Pennsylvania-based Harleysville Group Inc. The outlook remains negative. The rating reflects management’s efforts to revitalize the insurance operations’ underwriting and competitive position. After a year of significant underperformance, …
Following the devastation of Hurricane Ivan last week, which will produce large insured losses in Alabama and the Florida panhandle, Fitch has examined the potential impact of this event on Alfa Insurance Group (Alfa Group). Current Alfa Group ratings are …
New Jersey Attorney General Peter Harvey announced that a former Bergen County certified public accountant has been charged by the Division of Criminal Justice – Office of Insurance Fraud Prosecutor with Health Care Claims Fraud, theft, and misconduct by a …
Last month’s decision by the Florida Building Commission to add more stringent wind provisions to the Florida Building Code was reportedly especially perceptive in the wake of three – and possibly four – consecutive hurricanes. “When the uniform state building …
Seattle-based Safeco announced that its pretax catastrophe losses stemming from Hurricane Frances are estimated at $28 million. The figure represents the estimated losses both from claims received through Sept. 20, 2004 and future expected claims from policyholders with damage from …
ABRA Auto Body & Glass, a national damaged vehicle repair company, announced the promotion of Scott Krohn to the position of regional vice president. Krohn’s main responsibility is to establish and meet financial, team member satisfaction and customer satisfaction goals …
With insurance fraud reportedly totaling an average of $80 billion a year, North Carolina-based MJM Investigations Inc. and Royal & SunAlliance have inked an agreement that emphasizes the commitment of both companies to help reduce the rising cost of insurance …
B. Eric Hempelman has been appointed executive vice president and COO of Uni-Ter Underwriting Management Corp., the Atlanta-based member of the U.S. RE Group that provides underwriting management and other insurance services to health care providers. Over the years, Hempelman …
Federal disaster aid for individuals and business owners affected by Tropical Storm Frances has been extended in North Carolina to include the counties of Alexander, Bladen, Cabarrus, Catawba, Cleveland, Columbus, Cumberland, Gaston, Hoke, Iredell, Lincoln, Mecklenburg, Scotland, Robeson, and Union, …