Underwriting
Researchers Question Privacy of Usage-Based Auto Insurance
A study by a handful of university professors in Colorado claims user-based insurance tracking programs installed in millions of vehicles can collect data that shows where drivers are going, ...
Downgrade of Tower Group to B++ Likely to Have Further Negative Effects: A.M. Best
A.M. Best Co. announced Tuesday that the rating agency has downgraded the financial strength rating of members of Tower Group to B++ (Good) from A- (Excellent), one day after the company itself ...
Will Biggert-Waters Save the Flood Insurance Program? No, It’s Not Even Close
The Biggert-Waters Flood Insurance Reform Act (Biggert-Waters) was enacted in 2012 with the goal of reforming and thereby saving the National Flood Insurance Program (NFIP). It is a well-meaning and ...
AIG’s Mortgage Insurer Woos Business Amid FHA Shutdown
American International Group Inc.'s mortgage insurer, whose biggest rival is a U.S. agency, is wooing borrowers with the prospect that they'll avoid delays tied to the partial government shutdown. ...
Tower Reserve Charge Prompts Fitch Downgrade, Carrier Review of Options
Tower Group International, Ltd. announced reserve and goodwill charges representing over 60 percent of year-end 2012 shareholder's equity Monday, prompting Fitch Ratings to cut the financial strength ...
Ironshore Offering $300M Capacity for Global Terror Cover
Ironshore Inc. announced Monday that $300 million of capacity is now available through its global terrorism and sabotage program underwritten by Ironshore's Lloyd's Pembroke Syndicate 4000. ...A.M. Best Downgrades American Safety RRG
On Monday, A.M. Best Co. announced that it downgraded the financial strength rating (FSR) of American Safety Risk Retention Group, Inc. to B++ (Good) from A (Excellent). Best noted that American ...
New York Ranks No. 2 Behind Calif. for Questionable Workers Comp Claims
New York is second in the nation, only behind California, for questionable workers compensation insurance claims. New York jumped to second in 2012 from fifth in 2011, the New York Insurance ...