Standard & Poor’s Ratings Services has raised its long-term counterparty credit and insurer financial strength ratings on Oslo-based marine insurer Assuranceforeningen SKULD (Gjensidig) (Skuld or the club) to “A-” from “BBB+” and assigned the ratings a stable outlook. “The upgrade …
Arthur J. Gallagher (UK) Limited in conjunction with MAP, a specialist insurer at Lloyd’s, has launched an insurance facility for terrorism liability. The new product aims to provide coverage for tourist and study programs in Israel and neighboring countries. Gallagher …
The Met Office, the UK’s official weather forecasting center, (http://www.metoffice.gov.uk.) has forecast 10 tropical storms in the North Atlantic during the July to November period, with a 70 percent chance of there being between 7 to 13. The forecast “represents …
Guy Carpenter & Company, Marsh & McLennan’s risk and reinsurance specialist, announced plans to mandate the use of Electronic Claims File (ECF) for in-scope claims for all Lloyd’s markets from January 1, 2008. “This decision follows the successful implementation of …
To Improve Efficiency and Speed with Commercial Lines Quotes ATLANTA, GA and OKEMOS, MI – NetRate Systems, Inc., a leader in Property & Casualty Rating and Applications software, announces an agreement to provide a Commercial Lines Rating System for Gramercy …
The Scruggs Katrina Group filed federal charges against State Farm, E.A. Renfroe Company, and Forensic Analysis and Engineering Company on behalf of 21 Mississippi policyholders whose homes were destroyed in Hurricane Katrina. The suit was filed June 20 in the …
California-based Legends Environmental Insurance Services has expanded its Wholesale Division with the hiring of John Rich as the new vice president of Wholesale Division. Rich has 26 years of commercial insurance experience and has gained a national reputation during the …
Standard & Poor’s Ratings Services said that its ‘CC’ senior secured debt rating on KAMP RE 2005 Ltd.’s $190 million floating-rate principal-at-risk notes are remaining on CreditWatch with negative implications, where it was placed on Oct. 13, 2005. The notes …
California’s Office of Administrative Law has approved new medical treatment guideline regulations. Primarily, the regulations: *Defined or deleted terms such as acute, chronic, claims administrator as suggested by earlier public comments; *Adopted and incorporated the American College of Occupational and …
The Workers Compensation Insurance Rating Bureau of California has released the results of its report summarizing insurer loss and premium experience through March 31, 2007. According to the report: “California written premium (gross of deductible credits) reported for the first …