Florida-based workers’ compensation insurer Guarantee Insurance Co. has agreed to be placed under receivership by the state Office of Insurance Regulation.
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In the prolonged low interest rate environment, investors have been squeezed for yield. Additional credit and interest rate risk
have been assumed in order to increase investment returns.
Discussions on the International Association of Insurance Supervisors’ international capital standard are being watched by insurance trade groups when they attend the National Association of Insurance Commissioners’ Fall Meeting in Hawaii.
During the past several months, A.M. Best has tested and benchmarked its entire population of rated entities as part of the implementation of the updated Best’s Credit Rating Methodology published on Oct. 13.
This report — the 14th study conducted by A.M. Best on the long-term impairment rates of A.M. Best-rated, U.S.-domiciled insurance companies —is an update to Best’s Impairment Rate and Rating Transition Study — 1977 to 2015.
The U.S. Federal Reserve will cease reinvesting of a small portion of its maturing holdings of Treasuries and agency securities, most notably mortgage backed securities.
Effective Oct. 13, 2017, A.M. Best reorganized its methodology, using a building block approach to provide greater detail, clarity, and transparency in the rating analysis.
Aon's Mang: Australia, Singapore, China Lead Regulatory Sandbox Movement
Newly Named ACIG CEO: Focus on Lowering Comp Claims Pays Off in Tough Construction Market: American Contractors Insurance Group has been aggressively working to lower the frequency and severity of workers' compensation claims for the past eight years, which is a major reason the company is able to weather the curre... Date: November 30, 2011 Source: BestWire News
ACIG Hands Reins of Company to President With 38 Years of Construction Experience: American Contractors Insurance Group has announced its company's president, Michael J. O'Neill, will become its new chief executive officer, effective January 2012.
O'Neill has been ACIG's president since 2009 and wi... Date: November 29, 2011 Source: BestWire News
A.M. Best Raises Rating of American Contractors Insurance Group: A.M. Best Co. has raised the financial strength rating to A (Excellent) from A- (Excellent) of American Contractors Insurance Group (ACIG), Dallas.
The rating is based on the consolidated financial condition and oper... Date: June 10, 2002 Source: BestWire News
A.M. Best Raises Rating of American Contractors Insurance Group : A.M. Best Co. has raised the financial strength rating to A (Excellent) from A- (Excellent) of American Contractors Insurance Group (ACIG), Dallas.The rating is based on the consolidated financial cond... Date: June 10, 2002 Source: Press Release
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