IFAwebnews » Standard & Poor’s

Hurricane Irene’s fury ‘somewhat limited’ for insurers, reinsurers

Bob Graham — Tue, 30 Aug 2011 23:15:03 +0000

A key ratings service expects a “somewhat limited impact” from Hurricane Irene for U.S. property-casualty insurers and global reinsurers.

Hurricane Irene’s fury ‘somewhat limited’ for insurers, reinsurers via IFAwebnews.

S&P credit rating downgrade won’t hurt Calif. insurers, consumers

Jaime L. Brockway — Wed, 17 Aug 2011 00:45:58 +0000

California officials predict that Standard & Poor’s (S&P) recent downgrade on the credit rating of U.S. government securities will not affect life insurers’ dealings with their consumers in the state.

S&P credit rating downgrade won’t hurt Calif. insurers, consumers via IFAwebnews.

Agents left to explain how NAIC, S&P view insurers’ risk differently

Bob Graham — Tue, 09 Aug 2011 12:00:50 +0000

The National Association of Insurance Commissioners (NAIC) and Standard & Poor's seem to have differing views on insurers' risk since the U.S. government debt downgrade last week.

Agents left to explain how NAIC, S&P view insurers’ risk differently via IFAwebnews.

Commercial, Medicare health care cost increases edge down slightly

IFAwebnews Staff — Thu, 18 Nov 2010 14:59:08 +0000

Health care service costs for commercial and Medicare insurance programs are rising at a slightly lower rate, according to a Standard & Poor’s analysis.

Commercial, Medicare health care cost increases edge down slightly via IFAwebnews.

State Auto Group’s ratings fall with ‘substantial’ earnings decline

IFAwebnews Staff — Fri, 04 Jun 2010 15:10:51 +0000

State Auto Group, which recently opened a regional headquarters in Hunt Valley, Md., has had its counterparty credit and financial strength ratings lowered by Standard & Poor’s Ratings Service.

State Auto Group’s ratings fall with ‘substantial’ earnings decline via IFAwebnews.

OM Financial Life’s ratings drop on concerns about possible sale

IFAwebnews Staff — Thu, 03 Jun 2010 13:53:28 +0000

Several key ratings for Baltimore, Md.-based OM Financial Life Insurance Co. were lowered as Standard & Poor’s Ratings Services raised concerns about the company’s possible sale.

OM Financial Life’s ratings drop on concerns about possible sale via IFAwebnews.

West Virginia mine owners shunned business interruption insurance

Bob Graham — Thu, 08 Apr 2010 12:05:25 +0000

The owners of the mine in West Virginia where rescuers are searching for four missing miners and where 25 miners already were killed in an explosion April 5 did not obtain business interruption insurance.

West Virginia mine owners shunned business interruption insurance via IFAwebnews.

Florida’s Citizens to offer $2 billion in bonds to brace for hurricanes

IFAwebnews Staff — Thu, 18 Mar 2010 13:32:49 +0000

With hurricane season approaching, Florida’s Citizens Property Insurance Corp. plans to sell $2 billion in tax-exempt bonds to add to its reserves for claims.

Florida’s Citizens to offer $2 billion in bonds to brace for hurricanes via IFAwebnews.

Medical malpractice insurance market expected to soften

IFAwebnews Staff — Fri, 05 Mar 2010 16:30:56 +0000

The medical malpractice insurance market appears likely to soften more, as insurers continue to battle what one ratings service calls “significant challenges.”

Medical malpractice insurance market expected to soften via IFAwebnews.

AIG sells Asian life insurance unit in one of largest deals in history

Bob Graham — Tue, 02 Mar 2010 13:32:40 +0000

American International Group agreed to sell its Asian life insurance business for $35.5 billion, making it one of the largest insurance deals in history.

AIG sells Asian life insurance unit in one of largest deals in history via IFAwebnews.