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Oldwick, N.J.-based insurance rating service A.M. Best Co. has downgraded the financial strength rating to "B (Fair)" from "B-plus (Good)" and issuer credit rating to "double-b" from "triple-b-minus"

Sen. Max Baucus, chairman of the Senate Finance Committee, in a white paper also proposed setting up an insurance exchange, which he described in the white paper as a "sort of government-administered

"While some other companies have raised their auto insurance rates, relied on government bailouts, or spent money on extravagant marketing campaigns, NJM remains a careful steward of policyholder reso

A.M. Best Co. said yesterday it has placed the ratings of Fidelity National Financial Group and its eight title insurance members under review with negative implications in the wake of its planned $12

Progressive's chief executive said the insurer does not need to raise cash, but it has developed several plans to do so in a crisis, and keeping a profitability level at a 96 point combined ratio is k

California Insurance Commissioner Steve Poizner and California Earthquake Authority Chief Executive Officer Glenn Pomeroy yesterday urged homeowners to seriously consider securing insurance protection