Regulators have long sought to make it easier for consumers to comprehend the terms of insurance contracts by insisting that policy forms be written in language that most consumers can understand. They typically...
When John Fogerty musically asked "Who'll Stop the Rain?" 40 years ago, he was pondering the world's disquiet. But given the economic and insured damage from natural catastrophes that deluged the U.S. and...
ZUG, Switzerland -- Foster Wheeler AG (Nasdaq: FWLT) announced today that a subsidiary of its Global Power Group has been awarded a contract by Yuen Foong Yu Paper Mfg. (Yangzhou) Co., Ltd. for...
LONDON -- A.M. Best will exhibit at stand number 25 at the 2012 Captive Live UK conference, to be held from 31 January to 2 February at The Brewery in London. Senior Director,...
Keynote Speaker, H.E. Yousef Hussain Kamal, the Minister of Economy & Finance, State of Qatar Investors From Across the U.S., Europe, and Asia, to Headline the Conference, Including Sam Zell, Equity Group Investments...
OLDWICK, N.J. -- A.M. Best Co. has assigned a financial strength rating of A (Excellent) and issuer credit rating of "a" to Vine Court Assurance Incorporated (Vine Court) (Burlington, VT). The outlook assigned...
OLDWICK, N.J. -- A.M. Best Co. has downgraded the financial strength rating (FSR) to B (Fair) from B++ (Good) and the issuer credit rating to "bb" from "bbb" of BancInsure Inc. (BancInsure) (Oklahoma...
PSA Acquires Baltimore Office of EPIC, Adds Expertise in Risk Management for Large, International Companies and Organizations BALTIMORE -- PSA Insurance & Financial Services today announced the acquisition of the Baltimore office of...
NEW YORK -- The ACE Group today announced the appointment of Brad Bennett as President of its Combined Insurance Company of America business unit. In this role, Mr. Bennett will lead the agency-based...
OLDWICK, N.J. -- A.M. Best Co. has released the 2012 print edition of Best's Directories of Recommended Insurance Attorneys and Adjusters. For more than 80 years, the Directories series has been the premiere...
Princeton Offices & Policyholder Services to Remain in New JerseyO Princeton Policyholders to Benefit from Berkshire Hathaway's Unmatched Financial Strength NEW YORK & PRINCETON, N.J. & FORT WAYNE, Ind. -- Medical Protective Company...
OLDWICK, N.J. -- A.M. Best Co. research shows that 2011 saw a surprising surge in recorded impaired U.S. insurance organizations, including risk retention groups, captive insurers, property/casualty writers and other risk carriers. A...
Last year was a watershed year for special servicers. It was the year Wall Street ended its love affair with the category and the government-sponsored enterprises (GSEs) began theirs. It also heralded the...
Last year was a watershed year for special servicers. It was the year Wall Street ended its love affair with the category and the government-sponsored enterprises (GSEs) began theirs. It also heralded the...
OLDWICK, N.J. -- A.M. Best Co. has assigned a financial strength rating of A- (Excellent) and issuer credit rating of "a-" to Lion Reinsurance Company Limited (Lion Re) (Bermuda). The outlook assigned to...
OLDWICK, N.J. -- A.M. Best Co. has released its criteria report, "Alternative Risk Transfer." The report is currently available in the methodology section of A.M. Best's website. Please visit www.ambest.com/ratings/methodology/AlternativeRiskTransferWEB.pdf to access the...
OLDWICK, N.J. -- A.M. Best Co. has affirmed the financial strength rating of A- (Excellent) and issuer credit ratings of "a-" of United Insurance Company (United) (Cayman Islands) and its subsidiary, United Re...
HONG KONG -- A.M. Best Co. has affirmed the financial strength rating of A (Excellent) and issuer credit rating of "a" of Evergreen Reinsurance Company, Ltd. (ERCL) (Bermuda). The outlook for both ratings...
CHICAGO -- Fitch Ratings has affirmed Lincoln National Corporation's (LNC) long-term Issuer Default Rating (IDR) at 'A-', and the Insurer Financial Strength (IFS) ratings of LNC's insurance operating subsidiaries at 'A+'. The Rating...