News

The Oldwick, N.J.-based insurer downgraded the financial strength rating to "A (Excellent)" from "A-plus (Superior)." It also downgraded the issuer credit ratings to "a-plus" from "double-a-minus."

The Oldwick, N.J.-based insurer downgraded the financial strength rating to "A (Excellent)" from "A-plus (Superior)." It also downgraded the issuer credit ratings to "a-plus" from "double-a-minus."

WASHINGTON--State insurance legislators on Friday deferred action on a proposed Market Conduct Annual Statement Model Act, in hopes of working with state regulators on a joint approach leading to

A.M. Best Co. has downgraded the financial strength ratings and the issuer credit ratings of the key property-casualty insurance subsidiaries of The Hartford Financial Services Group, due to the

Meanwhile AIG Chairman and Chief Executive Officer Edward Liddy said it will take time to restore the carrier's independence from government support because of the size of the company and the poor

In a joint announcement this morning, two Bermuda companies--Max Capital Group and IPC Holdings--said they have agreed to join together, with the boards of both companies unanimously having approved an