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Reacting to the departure of a key executive at Lancashire Insurance Company, A.M. Best Co. announced yesterday that it placed the company's "A-minus" financial strength rating under review with negat
He said the NAIC will send the material to the U.S. Treasury Department for consideration by the Presidential Working Group on Financial Markets in Washington, which is expected to issue a report at t
Guidewire Software, Inc., which specializes in technology solutions for property/casualty insurers, announced the release of Guidewire PolicyCenter, a comprehensive policy administration system for
The National Association of Mutual Insurance Companies noted two recent studies by the Insurance Research Council and the National Insurance Crime Bureau as evidence of the problems with the Florida
The five-day program will be conducted in two modules and is to be led by university professors, insurance scholars and executives, including XL Chairman Michael Esposito Jr. and XL President and Chie
Kristina Baldwin, a lobbyist for the Property Casualty Insurers Association of America (PCI), said the fact that the bill was not reported out by the committee did not completely foreclose action on t
Alicia Dlugosh, a spokesperson for California State Senate President pro Tem Don Perata, D-Oakland, said the senator is "committed to fixing" the current workers' compensation disability schedule "by
The "2006 NAMIC Farm Underwriting Guide" and the "2006 NAMIC Farm Inspection and Loss Prevention Manual" were developed by committees composed of subject matter experts from NAMIC member companies, th
Hiscox plc, a U.K. provider of specialty insurance, today announced the opening of Hiscox USA--its first underwriting operation in the United States--offering professional liability coverage to small an
On the other hand, Mr. Small observed that underlying profitability in February was strong with the accident-year loss ratio figure of 69.8 staying flat from January. "We suspect the benign weather ac
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