Insurance Carriers

John Hancock Re-Entering California's Individual Long-Term Care Insurance Market

A.M. Best Company BestWire Feed - Fri, 02/03/2012 - 18:00
John Hancock Financial said it plans to re-enter the individual long-term care insurance market in California with two new policies, starting Feb. 27. Both policies will provide ...
Categories: Insurance Carriers

Aon Sees Biggest Reinsurance Growth Since 2009

A.M. Best Company BestWire Feed - Fri, 02/03/2012 - 16:18
Aon Corp. posted a 19% increase in fourth-quarter net income as the company saw organic growth across every major business. Total revenue increased 3% to $3 billion for the quarter, as net ...
Categories: Insurance Carriers

A.M. Best Assigns Ratings to Gateway Rivers Insurance Company

A.M. Best Company BestWire Feed - Fri, 02/03/2012 - 16:06
A.M. Best Co. has assigned a financial strength rating of A- (Excellent) and an issuer credit rating of “a-” to Gateway Rivers Insurance Company (Gateway) (Burlington, VT). The outlook assigned to ...
Categories: Insurance Carriers

MetLife Shifts Two Top Executives as Part of Ongoing Reorganization

A.M. Best Company BestWire Feed - Fri, 02/03/2012 - 16:00
MetLife Inc. is continuing with the reorganization it started last November by shifting two top executives to different roles at the company. Michael Farrell, previously head of U.S. ...
Categories: Insurance Carriers

Starr Lawsuit Charges Federal Government Unlawfully Took Over AIG, Used It to Secretly Bail Out Other Companies

A.M. Best Company BestWire Feed - Fri, 02/03/2012 - 13:36
Starr International Co. Inc. has amended a lawsuit against the federal government, alleging the government's 2008 takeover of American International Group was illegal, and a way for the government to ...
Categories: Insurance Carriers

A.M. Best Requests Comment on Draft Criteria Reports: Rating Title Insurance Companies and BCAR for Title Insurance Companies

A.M. Best Company BestWire Feed - Fri, 02/03/2012 - 13:35
A.M. Best Co. is requesting comments from market participants in the insurance industry and other interested parties on the following draft criteria reports: “Rating Title Insurance ...
Categories: Insurance Carriers

A.M. Best Requests Comment on Draft Criteria Reports: “Rating Protected Cell Companies” and “Life Settlement Securitization”

A.M. Best Company BestWire Feed - Fri, 02/03/2012 - 13:17
A.M. Best Co. is requesting comments from market participants in the insurance industry and other interested parties on the following draft criteria reports: “Rating Protected Cell ...
Categories: Insurance Carriers

A.M. Best Affirms Ratings of Industrial Alliance Insurance and Financial Services, Inc. and Its Subsidiaries

A.M. Best Company BestWire Feed - Fri, 02/03/2012 - 12:57
A.M. Best Co. has affirmed the financial strength rating (FSR) of A (Excellent) and issuer credit ratings (ICR) of “a+” of Industrial Alliance Insurance and Financial Services Inc. (IA) (Quebec) ...
Categories: Insurance Carriers

BB&T to Purchase Crump Group's Life and Property/Casualty Divisions

A.M. Best Company BestWire Feed - Fri, 02/03/2012 - 12:56
BB&T Corp. is planning to expand their insurance operations by purchasing the life and property/casualty insurance divisions of a Roseland, N.J.-based broker, the company said in a statement. BB&T ...
Categories: Insurance Carriers

BestWeek: Mixed Bag Awaits P/C Market in 2012, A.M. Best Report Says

A.M. Best Company BestWire Feed - Fri, 02/03/2012 - 12:53
A.M. Best expects insurers collectively to report an underwriting loss of approximately $10.4 billion during 2012, resulting in a combined ratio of 102.0, according to a new A.M. Best Special Report, ...
Categories: Insurance Carriers

US Jobs Report: Insurance Industry Adds 1,100 Jobs in January

A.M. Best Company BestWire Feed - Fri, 02/03/2012 - 12:37
The U.S. insurance industry added 1,100 jobs in January — a mere 0.05% increase from the previous month, according to the latest employment report released by the U.S. Bureau of Labor ...
Categories: Insurance Carriers

MIB Group CEO: US Life Insurance Applications Showed 'Stability' in 2011

A.M. Best Company BestWire Feed - Fri, 02/03/2012 - 11:27
Applications for individually underwritten life insurance in the United States last year showed a positive trend of "stability," says the chief executive officer of MIB Group Inc. Overall, ...
Categories: Insurance Carriers

Video: Breaches Trigger Growth of Cyber Liability Market

A.M. Best Company BestWire Feed - Fri, 02/03/2012 - 11:15
The cyber liability insurance market continues to evolve to include protection of not just the data, but the value of data, reconstruction costs and other various expenses surrounding a security ...
Categories: Insurance Carriers

BestDay Audio for Friday, Feb. 3: AIA's Lisle: Technology Drives Asia Distribution

A.M. Best Company BestWire Feed - Fri, 02/03/2012 - 10:39
BestDay Audio Podcast for Friday, Feb. 3: Bill Lisle, chief distribution officer of AIA Group, says mobile high-tech devices and "paperless" transactions will drive life insurance distribution in ...
Categories: Insurance Carriers

Phoenix Cos. Leads Thursday's AMBG as Global Insurance Index Rises 0.11%

A.M. Best Company BestWire Feed - Fri, 02/03/2012 - 10:34
The AMBG closed Thursday, Feb. 2, at 864.54 (+0.11%). Of the 15 A.M. Best stock indexes, eight rose and seven declined. Leading A.M. Best's Global Insurance Composite Index (AMBG) were Phoenix Cos. ...
Categories: Insurance Carriers

Molderizer.com Issues A New Blueprint That Helps Reduce Mold Removal...

PRWeb: Industry Insurance - Fri, 02/03/2012 - 01:00

Placing emphasis on helping mold sufferers, the team at Molderizer.com has moved into assisting mold professionals and mold sufferers with it's new guide about mold removal cost. While there is...

(PRWeb February 02, 2012)

Read the full story at http://www.prweb.com/releases/2012/2/prweb9158460.htm

Free iPhone App Puts Prescription Savings Card on Your Phone

PRWeb: Industry Insurance - Fri, 02/03/2012 - 01:00

Prescription savings leader Medicationdiscountcard.com today announced the release of a new free companion app for its signature Prescription Savings Card. The new iPhone app gives customers up to...

(PRWeb February 02, 2012)

Read the full story at http://www.prweb.com/releases/2012/2/prweb9155957.htm

Georgetown University Report Finds Children’s Health Law Has Worked...

PRWeb: Industry Insurance - Fri, 02/03/2012 - 01:00

Georgetown University Health Policy Institute’s Center for Children and Families released a progress report on the Children’s Health Insurance Program Reauthorization Act (CHIPRA), which was signed...

(PRWeb February 02, 2012)

Read the full story at http://www.prweb.com/releases/2012/2/prweb9158716.htm

Insurance Technologies Introduces Legacy – Arizona Auto Insurance...

PRWeb: Industry Insurance - Fri, 02/03/2012 - 01:00

Insurance Technologies Corporation, a leading provider of insurance rating, agency management, and website solutions, announced the inclusion of Legacy – Arizona Auto Insurance Company...

(PRWeb February 02, 2012)

Read the full story at http://www.prweb.com/releases/insurance_rater/comparative_rating_system/prweb9163109.htm

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