Standard & Poor’s Ratings Services has assigned its “B+” long-term counterparty credit and insurer financial strength ratings and its “kzBBB” Kazakhstan national scale rating to Kazakhstan-based insurer Eurasia Insurance Co. with a stable outlook. “Eurasia is the largest insurance company …
Bermuda-based White Mountains Insurance Group, Ltd. announced that its Chairman, Jack Byrne, and President and CEO, Steve Fass, will host a conference call for investors today Tuesday, June 20, 2006 at 8:30 AM ET. The bulletin said the “purpose of …
A.M. Best Co. has upgraded the public data (pd) financial strength ratings of 12 property/casualty Canadian insurers. The bulletin noted that “pd ratings are based solely upon public information and present the most informed view A.M. Best can offer, short …
California’s State Compensation Insurance Fund has received restitution of $599,817 from the owner of a San Diego framing company convicted of workers’ compensation insurance fraud. Robert H. Rodriguez, 50, of El Cajon, Calif., the owner of RH General Inc. and …
The Internal Revenue Service has issued guidance to assist Hurricane Katrina, Rita and Wilma victims claiming casualty and theft losses on their individual income tax returns. The IRS also extended filing deadlines for hurricane victims. The casualty and theft loss …
California earthquake insurance policies issued by the California Earthquake Authority will see rate decreases by an average of 22.1 percent, said Nancy Kinkaid, CEA spokeswoman. Approximately 85 percent of CEA policyholders will see their rates reduced beginning July 1, 2006, …
Starr Aviation Agency Inc., a wholly-owned specialty subsidiary of C. V. Starr & Co. Inc., and The Chubb Corporation have entered into an underwriting agreement under which Chubb will provide hull and liability coverages to Starr Aviation’s general aviation clients …
Minneapolis, Minn.-based ING has named Susan Anderson president and CEO of ING Trust USA. In her new capacity, Anderson will lead the growth and development of personal trust and directed institutional trusts nationally. ING Trust USA works in conjunction with …
While lawmakers wrangle with possible reforms that could make such filings unnecessary, Massachusetts independent insurance agents have filed for a four percent hike in the commission they receive on private passenger auto insurance polices and sought to put to rest …
Swett & Crawford, based in Atlanta, Ga., has appointed James E. Moylan Jr. as chief financial officer. Moylan has extensive experience in strategic and financial management of public companies in business services, energy, manufacturing, and electronics. Formerly Moylan served as …