COLUMBUS, Ohio, Aug. 31 /PRNewswire/ -- The Nationwide Mutual Insurance Company announced today that it is taking steps to reduce its property exposure in the state of Florida. After these reductions...
The head of General Electric’s (re)insurance arm has confirmed that the giant conglomerate will probably sell or spin-off all its underwriting units in due course.
Ron Pressman was speaking only a...
New York, August 15, 2005 -- Moody's Investors Service announced today that it has confirmed the B1 surplus note and Baa3 financial strength ratings of Atlantic Mutual Insurance Company and it...
A group of 18 insurers is suing American International Group and bankrupt fronting company Trenwick America Reinsurance Corp. for allegedly scheming to collect as much as $73 million in what the insurers...
As of July 26, Safeco stopped writing new personal property policies in Florida and has notified the Florida Office of Insurance Regulation that at the beginning of 2006, it plans to stop renewing...
The Ohio Department of Insurance is investigating allegations that brokers across the state are engaging in bid-rigging and undisclosed commission arrangements with insurance companies, the Associated...
A.M. Best Co. has downgraded the financial strength rating to B+ (Very Good) from B++ (Very Good) of National American Insurance Company (Okla.) (NAICO) (Chandler, Okla.) and revised its outlook to...
ACE Limited said it is today filing a Form 8-K restating its financial results for the years 2000 through 2004, as well as its results for each of the quarters in the years 2003 and 2004, and for the...
Safeco Chairman and Chief Executive Officer Mike McGavick announced plans to leave his CEO post, effective Aug. 31, 2005. He will retain his duties as chairman of the board and will provide other...
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