Insurance News Net - The Best Source For Insurance News-Reinsurance News

Self-employed Discover Fewer Insurance Choices

A major source of health insurance for people who work for themselves has all but disappeared, casting thousands of contractors, freelancers and solo practitioners into the ranks of the uninsured with little hope of obtaining new coverage. H...

Insurance Protect people and assets with the right insurance.

Liability Liability coverage protects a business from loss as a result of injuries, deaths or property damage caused by a businesss operations, employees or products. Premises and operations coverage pays when a business is legally responsi...

AM Best gives B++ FSR to Lakeview Insurance

17 November 2009 - AM Best assigned Monday a B++ (good) financial strength rating (FSR) and a bbb issuer credit rating (ICR) on US Lakeview Insurance Co. The outlook is stable. Simultaneously, AM Best affirmed the FSR of B++ (Good) and the I...

Assured Guaranty Ltd. Responds to Moody's Ratings Downgrade of Assured Guaranty Corp. to Aa3 and Affirmation of Aa3 Rating of Assured Guaranty Municipal Corp.

In response to the downgrade by Moody's Investors Service of the insurance financial strength rating of bond insurer Assured Guaranty Corp. (AGC) to Aa3 from Aa2 and Moody's affirmation of the Aa3 insurance financial strength rating of Assu...

United Kingdom Financial Services Authority and Florida Office of Insurance Regulation Sign International Regulatory Agreement

TALLAHASSEE, Fla. Florida Insurance Commissioner Kevin McCarty has announced that the Office of Insurance Regulation (Office) and the United Kingdom Financial Services Authority (FSA) have signed a Memorandum of Understanding (MOU) formally...

Higher Term Life Insurance Premiums Predicted

According to Michael Fry of TermDog.com, term life insurance premiums are predicted to rise 5 to 10 percent over the next year. This is due in part to the higher reserve requirements for life insurance companies. Fry, a native of Naperville...

Mercer Insurance Group, Inc. Announces Fourth Quarter and 20

Mercer Insurance Group, Inc. today reported its operating results for the year and quarter ended December 31, 2008. 4th quarter: - Net income of $ 0.10 per diluted share, against $ 0.45 per diluted share for the prior year quarter - Operati...

Copart Adds second facility in South Carolina

Copart, Inc. announced the opening of a new facility in Greer, South Carolina. This latest addition to Copart growing footprint marks the company of the second plant in South Carolina and the installation of the 147th in the world. Copart C...

WR Berkley Corporation Forms Gemini Underwriters and Transpo

WR Berkley Corporation announced the formation of Gemini Transport Underwriters, a new division of Carolina Casualty Insurance Group, LLC. Gemini Transport Underwriters specializes in transportation insurance underwriting excess liability,...

My Wellchoice and DataPath Partner to improve + Wellness Pro

DataPath, based in Little Rock, Ark., and my Wellchoice +, based in Eagle, Idaho, provides a third-party administrators and employers in a new way to use HSA contributions to increase participation in welfare programs and reduce health care...

Travel Debuts Customizable claim Workers Compensation Produc

Travelers National Accounts announced the availability of CustomComp, flexibility, new alternatives for workers' compensation in the management of loss costs. Designed for large customers, CustomComp can be tailored to key areas of the orga...

Validus Re Sees Asia as Key to Diversification

Validus Reinsurance Ltd. [78113] is looking into business opportunities in the Asia-Pacific region through a new representative office in Singapore set up to enhance client knowledge. The Singapore representative office will play an active...

New 409A Guidance Issued, 457A Guidance Expected Shortly.

Employers must ensure that all of their compensatory arrangements are reviewed for 409A compliance and amended as necessary prior to December 31, 2008. On December 5, 2008, the U.S. Treasury Department and Internal Revenue Service (IRS) iss...

Frontier Communications Corporation and Ronald A. Katz Techn

Leading California Health Insurance provider, The HealthCare Solution, today announced the company is radically changing the way high risk baby boomers obtain health insurance. Taking a new approach, the California health insurance provider...

Insurance and Employee Benefits What the banking overhaul means to insurance

The Financial Modernization Act passed in 1999 to create open banking in the U.S. has given insurance and financial services companies the marketing opportunity of a lifetime. The fruits of the legislation are being seen in a wave of consol...

Reinsurance News