During 2004, U.S. property/casualty insurers narrowed the funding gap in their asbestos and environmental loss reserves, principally for asbestos liabilities, as a result of 2004’s pretax charge of nearly $6 billion, according to a special report published by A.M. Best …
Fitch Ratings announced that it has downgraded the class B and C variable-rate notes of Avalon Re Ltd. and placed all of the notes in classes A, B and C on Rating Watch Negative. “The class B variable-rate notes were …
The Professional Insurance Agents of New Jersey Inc. this week supported a bill that would restore coverage under the New Jersey Surplus Lines Insurance Guaranty Fund for claims involving liquor law liability. In testimony before the Assembly Financial Institutions and …
It is important to note that the unauthorized H.G Wilson Group Inc. dba Landmark American Insurance Company is not the same company as the AM Best rated Landmark American Insurance Company that is part of the RSUI Group Inc. located …
Drivers in Minnesota pay more for insurance than drivers in most neighboring states due to a no-fault automobile insurance system that encourages inflated billing, over-treatment, and allows far too many claims to go to court, according to a new study …
Research and Markets (http://www.researchandmarkets.com/reports/c32879) reported the addition of Claims Management in UK General Insurance 2005 to their offering. The report is an overview of claims management in the UK motor, property and liability markets. This report provides extensive claims cost …
California-based Carl Warren & Company, a third party claims administrator, was recently designated as one of only six liability claims TPAs on the Public Entity Risk Institute qualified TPA list. “Carl Warren & Company is pleased to support our clients …
Directors and officers liability insurance average premium index dropped another 9 percent in 2005 after dropping 10 percent in 2004, while half of all public and private companies have received D&O inquiries from their board members, according to the D&O …
Specialty Risk Services (SRS), a national property casualty third party administrator for workers’ compensation and general liability claims, reported a new claims administration agreement and partnership with Arch Insurance Group, provider of property, casualty, and specialty insurance for corporations, professional …
On Jan. 6, Maryland’s highest court handed a victory to the welding industry by ruling that the scope of the pollution liability exclusion in a business insurance policy does not encompass welding rod liability. In Clendenin Brothers, Inc. v. United …