IFAwebnews » surplus

Pa. insurance department liquidates First Sealord Surety Insurance

Jaime L. Brockway — Tue, 14 Feb 2012 04:16:35 +0000

The Commonwealth Court approved the Pennsylvania Insurance Department's petition to liquidate a Villanova, Pa.-based bond and surety company that experienced a “steep” drop in surplus.

Pa. insurance department liquidates First Sealord Surety Insurance via IFAwebnews.

Groups attack Pa. Blues’ surpluses in push for adultBasic extension

Bob Graham — Mon, 02 Aug 2010 09:43:11 +0000

Nearly 46,000 Pennsylvanians enrolled in adultBasic may lose health insurance next year if the state’s four Blue Cross/Blue Shield insurers do not renew a state agreement, according to two nonprofit organization’s analysis.

Groups attack Pa. Blues’ surpluses in push for adultBasic extension via IFAwebnews.

Maryland regulators suspend insolvent Oklahoma insurer

Keith L. Martin — Fri, 28 May 2010 13:58:13 +0000

The Maryland Insurance Administration has ordered the end of new and renewal business for an Oklahoma insurer recently ordered into liquidation.

Maryland regulators suspend insolvent Oklahoma insurer via IFAwebnews.

Industry group praises Md. lawmakers on texting ban, pans premium hike

Keith L. Martin — Fri, 16 Apr 2010 12:26:36 +0000

The American Insurance Association is giving Maryland lawmakers a mixed assessment of the recently completed 2010 General Assembly session.

Industry group praises Md. lawmakers on texting ban, pans premium hike via IFAwebnews.

Arkansas regulator suspends two N.Y.-based insurers over surpluses

Keith L. Martin — Tue, 16 Mar 2010 12:17:08 +0000

Two property-casualty insurers, who recently stopped writing business in Virginia, had their certificates to operate in Arkansas suspended by regulators, citing their negative surplus balance.

Arkansas regulator suspends two N.Y.-based insurers over surpluses via IFAwebnews.

N.C. Mutual to stop selling policies in Virginia

IFAwebnews Staff — Fri, 05 Feb 2010 13:00:51 +0000

North Carolina Mutual Life Insurance has announced it will stop selling policies in Virginia, three months after Virginia’s State Corporation Commission said it might suspend the company’s license due to financial issues.

N.C. Mutual to stop selling policies in Virginia via IFAwebnews.

Penn Mutual, subsidiary have ratings affirmed by A.M. Best

IFAwebnews Staff — Thu, 21 Jan 2010 14:00:09 +0000

Noting the company’s diversified business profile, large excess surplus and solid-risk adjusted capitalization, A.M. Best has affirmed the ratings of The Penn Mutual Life Insurance Co. and its Delaware-based subsidiary.

Penn Mutual, subsidiary have ratings affirmed by A.M. Best via IFAwebnews.

Partial rebound seen for property-casualty insurers in 2009

IFAwebnews Staff — Tue, 05 Jan 2010 13:45:32 +0000

Private U.S. property-casualty insurers saw a partial rebound in their net income after taxes for the first nine months of last year when compared to 2008, but still lagged when compared with 2007.

Partial rebound seen for property-casualty insurers in 2009 via IFAwebnews.

Virginia regulators worried about North Carolina mutual life insurer

Bob Graham — Wed, 25 Nov 2009 14:00:49 +0000

A Durham, N.C.-based insurance company could have its license to sell insurance in Virginia suspended if it cannot improve its financial condition.

Virginia regulators worried about North Carolina mutual life insurer via IFAwebnews.

N.Y.-based health insurer’s subsidiaries see ratings downgrade

IFAwebnews Staff — Mon, 23 Nov 2009 14:00:23 +0000

Citing negative capital and surplus levels for two of its insurance companies in the third quarter 2009, A.M. Best has downgraded the ratings of MVP Health Care, Inc.’s insurance subsidiaries.

N.Y.-based health insurer’s subsidiaries see ratings downgrade via IFAwebnews.