Skate parks across Nebraska, such as those in Fremont, Norfolk and North Platte, are the first casualties of a state Supreme Court decision about liability and insurance coverage, many are saying. The Nebraska Supreme Court ruled in late September that …
Insurance Commissioner Jim Poolman on Monday gave formal approval for Blue Cross Blue Shield of North Dakota to refund some of its premium surplus to policyholders. The Fargo-based health insurer had more than $220 million in reserves at the end …
Bermuda-based Platinum Underwriters Holdings, Ltd. reported net income of $84.923 million, or $1.28 per diluted common share, for the quarter ended September 30, 2006, compared to a $176.024 million loss in the same period last year. For the nine months …
Everest Re Group, Ltd. joined a growing list of Bermuda-based insurers who have seen their third quarter profits rebound sharply from last year’s disastrous results. The Group reported third quarter 2006 after-tax operating income, which excludes realized capital gains and …
A.M. Best Co. has assigned a rating of “bbb-” to the £150 million ($281.4 million) subordinated bonds issued by the U.K.-based Beazley Group plc, the non-operating holding company of the Beazley group of companies. The rating outlook is stable. Best …
Fitch Ratings has assigned an “AA-” insurer financial strength (IFS) rating to XL Re Europe Limited with a stable outlook. “The rating assignment follows the announcement that XL Re Europe will be XL Capital Ltd’s (XL) European reinsurance platform and …
Aon Re Global, the Chicago-based reinsurance broker, notes that it “recently facilitated communications between rating agency A.M. Best and Lloyd’s that resulted in a clarification of Best’s treatment of reinsurance recoverables from Lloyd’s. Companies who buy reinsurance from Lloyd’s will …
The parade of good third quarter results continues, with Bermuda’s largest insurer, ACE Limited, posting net income for the period of $578 million, compared to a $112 million loss in Q3 2005. Excluding capital losses of $74 million, ACE made …
Chicago, Illinois and Salt Lake City, Utah – Prime Holdings Insurance Services, Inc. (“Prime Holdings”) announced that its subsidiary, Prime Insurance Company (“Prime”), received approval to write surplus lines business in the Commonwealth of Virginia as of September 26, 2006. …
Officials in Kentucky were running tests Monday to try to determine what caused at least 36 people to complain of flu-like symptoms while traveling down the Ohio River on the Mississippi Queen. Dr. William Hacker, commissioner for the Kentucky Department …