Property-Casualty Insurance News
Most Pennsylvania residential property owners in high risk flood zones now have an option to purchasing FEMA flood insurance.
Matawan, NJ – USI Affinity and the District of Columbia Bar are offering a series of enhancements to the D.C. Bar Lawyers’ Professional Liability Insurance Program, including a 5% credit on Lawyers’ Professional Liability (LPL) Insurance premiums for being a D.C. bar member.
New York Attorney General Eric T. Schneiderman and Department of Financial Services Superintendent Benjamin M. Lawsky announced a settlement with Markel Insurance Co., resolving an investigation into Markel’s practice of overcharging college students on their health plans.
Engle Martin & Associates Inc., a national independent loss adjusting and claims management provider, has acquired PT&C Forensic Consulting Services, headquartered in Atlanta. PT&C Forensics specializes in forensic engineering, fire and explosion origin and cause, subrogation, special investigation, building consulting, and expert testimony services.
A.M. Best Co. has assigned a financial strength rating of A- (Excellent) and an issuer credit rating of “a-” to Chesapeake Employers’ Insurance Company as of November 26, 2013. The outlook assigned by A.M. Best to both ratings is stable.
Harleysville Insurance president and chief operating officer Michael Browne, whose insurance career has spanned both the public and private sectors, will retire effective May 1, 2014.
Most New Jersey residential property owners in high risk flood zones now have an option to purchasing FEMA flood insurance.
Insurance industry software provider Applied Systems Inc., headquartered in University Park, Ill., has signed a definitive agreement to be acquired by private equity investment firm Hellman & Friedman, which has offices in New York, San Francisco and London.
The quietest U.S. Atlantic hurricane season in decades will lead to a low double-digit fall in related catastrophe reinsurance pricing in the key 2014 renewals, according to Fitch Ratings.
Victor O. Schinnerer & Co., an underwriting manager, said its energy program is now offering admitted coverage in several key states.