Noting its favorable level of risk-adjusted capitalization, A.M. Best has assigned a pair of ratings to Vestal, N.Y.-based Broome Co-operative Insurance Co.

U.S. life insurers, battling the effects of a bad economy, appear to be poised to beat banks and the general market in two areas.

A Pennsylvania insurance company’s financial reports – noting a 71% decrease in its policyholder surplus in the last year and nearly $111 million in net losses for the second quarter – have raised “substantial doubt about its ability to continue” to operate, according to Virginia insurance regulators.

Million in losses from victims of Bernard Madoff’s Ponzi scheme have been paid off by insurer American International Group under homeowners insurance policies that covered “fraud, embezzlement or forgery.”

The insurer, …  Read →

The first quarter, with huge investment losses and a worsening recession, was the worst on record for private U.S. property-casualty insurers since quarterly results began to be compiled in 1986, …  Read →

Three subsidiaries of EmblemHealth of New York, N.Y., had their ratings downgraded by A.M. Best because of insufficient reimbursement levels for state-sponsored plans, meaning problems for its medical loss ratio.

A …  Read →

On the heels of receiving $3.4 billion through the U.S. Treasury‘s TARP program, Hartford Financial Services Group is ensuring stakeholders that it will have a viable future by making a …  Read →

An early hurricane season forecast predicts fewer landfalls in the U.S. and fewer named storms, two signs that could aid property-casualty insurers already battling the effects of the recession.

Accuweather. com …  Read →