Mother Nature left her calling card in Colorado Springs recently—dents, broken windows and battered roofs. In fact, based on the number of claims filed so far, the insurance industry estimates that the July 9th hailstorm will result in more than …
Standard & Poor’s Ratings Services announced that it has affirmed its ‘A’ counterparty credit and financial strength ratings on Navigators Insurance Co. and NIC Insurance Co. (collectively referred to as Navigators), with a negative outlook. “The ratings on Navigators reflect …
Many Colorado residents spent this past weekend meeting with their insurance adjusters, getting estimates on new roofs and hail-battered cars. In fact, last week’s two days worth of hail and severe weather will be Colorado’s most expensive storm in nearly …
A.M. Best Co. announced that it has affirmed the financial strength rating of “A” (Excellent) of Bermuda-based Montpelier Reinsurance Ltd. and its debt rating of “bbb” on $250 million 6.125 percent senior unsecured notes due 2013 for Montpelier Re Holdings …
On Thursday, Insurance Commissioner John Garamendi praised both houses of the Legislature for their passage of his Homeowners Bill of Rights (HOBOR), designed to provide needed protections for homeowners in California. Assembly Bill 2199 (Kehoe) passed from the floor of …
The Kansas legislature passed several bills sought by the Kansas Insurance Department and defeated or amended virtually all bills viewed as onerous by insurers before adjourning on May 8, the American Insurance Association (AIA) reported. The 2004 legislative session was …
Citing numerous and serious complaints concerning insurance coverage in the aftermath of last year’s Southern California wildfires, Commissioner John Garamendi on Friday urged the Legislature to act quickly on his Homeowners Bill of Rights (HOBOR) and protect consumers before future …
Flanked by survivors of last year’s Southern California firestorm, Insurance Commissioner John Garamendi urged the Legislature Monday to act immediately to protect homeowners from the serious insurance problems that have surfaced in the wake of the disaster (See related news …
AXIS U.S. Insurance announced from its headquarters in Alpharetta, Ga., that it has expanded both its professional lines capabilities and its Builders Risk Product Offerings. For greater coverage of professional liability risks, AXIS U.S., a subsidiary of the Bermuda holding …
The National Flood Insurance Program (NFIP) is offering new Preferred Risk Policy (PRP) products for both the commercial market and renters markets. NFIP says these policies were created in response to consumer demand for lower-cost flood insurance options, and should …