Monthly Archives: <span>April 2008</span>

Learn How Insurance Agents Can Receive Live Transfer Insurance Leads

QuotesAuction.com, a leader in the insurance leads industry, is now offering live transfer insurance leads to agents and brokers in all 50 states. North Hollywood, CA – April 28, 2008 — QuotesAuction.com, an insurance industry lead, has announced plans to …

Stroughair Joins RMS As Head of RiskMarkets Group

Newark, Calif.-based Risk Management Solutions announced that John Stroughair has been hired to head the RiskMarkets group of RMS Consulting. In that capacity, he will be responsible for all capital markets activities, including risk analysis of catastrophe bonds for use …

Ratings Roundup: Greenville, Delphi, First American, American Family, Well Point

A.M. Best Co. has affirmed the financial strength rating of ‘B’ (Fair) and issuer credit rating of “bb+” of Greenville Casualty Insurance Company, and has revised the outlook to positive from stable. “The rating affirmations reflect Greenville’s premium volatility, historically …

Ratings Recap: Syndicate 1225, Gulf, Eastern Re, Sté. Centrale Re, B&B, Commercial & Manufacturers, GIL

A.M. Best Co. has affirmed the Best’s Syndicate Rating of ‘A’ (Excellent) and issuer credit rating (ICR) of “a+” of Lloyd’s Syndicate 1225 (United Kingdom), which is managed by AEGIS Managing Agency Ltd (AEGIS UK). The outlook for both ratings …

Best’s Bermuda Report Focuses on ‘Bounce Back’

A new A.M. Best Co. research report – “Bermuda – 2007 Financial Review” – featured in BestWeek U.S./Canada, finds that “three years removed from unprecedented hurricane losses, the Bermudian insurance market is bouncing back with a fury. “The market posted …

West Virginia Mining Co. Blames Losses on Structural Issues, Labor Shortage

West Virginia-based International Coal Group says its first-quarter loss widened nearly 42 percent due to lagging production and other problems. ICG said Wednesday it lost $11.5 million, or 8 cents per share, in the first three months of 2008. ICG …

New Jersey Regulators: Jobs, Education Are Sound Criteria to Rate Drivers

New Jersey insurers who use education and employment to rate drivers for risk are justified in doing so and the practice does not amount to racism or classism, according to a new, 581-page report released by Garden State insurance regulators. …

Fewer Tennessee Wildfires as Season Winds Down

As the wildfire season winds down in Tennessee, officials say it has been much less active than last year’s. Forestry Division assistant district forester Nathan Waters said by the week ending April 19, about 9,000 acres had burned statewide. By …

Plaintiffs: Gas Firm to Pay for Rhode Island ‘Blue Soil’ Cleanup

An energy company has agreed to pay residents of a polluted waterfront neighborhood in Rhode Island and to clean up the massive contamination that turned the soil under their homes blue, lawyers for the neighbors said, though the company said …

Survey: Medical Liability Insurers Optimistic About Short-Term Market

U.S. medical liability insurers anticipate their primary rate levels to decrease in 2008, compared with 2007, while the average frequency and severity of claims sustained by their firms will remain about the same as last year, according to a survey …