Keeping pace with market-level salaries and expenses related to migrating computer systems to cloud-based systems are parts of the National Association of Insurance Commissioners’ 2020 spending plan driving another year of deficit spending, its president-elect said.
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The new FASB rule is likely to affect credit loss exposures for mortgage loans.
Louisiana Insurance Commissioner Jim Donelon fended off a challenge in statewide elections Oct. 12, securing his fourth term. Donelon, a Republican, received 631,721 votes, 53.5% of all ballots cast.
Green and Sustainability Bond Issuance by Insurers May Continue to Grow.
Maurice “Hank” Greenberg, the chairman and chief executive officer of C.V. Starr & Co. Inc. and Starr Insurance Cos., recently spoke with AM BestTV about his impressions of the insurtech wave and how it could affect the insurance industry.
The updated draft of Scoring and Assessing Innovation provides additional clarity to the market, while the revised draft of Best’s Credit Rating Methodology addresses how innovation will be incorporated in the credit rating process.
Positive ratings movement was driven primarily by improved levels of risk-adjusted capitalization for both life/ annuity and health carriers.
Our outlook for the surplus lines segment remains Stable. Market growth nearly doubled in 2018, and operating profitability improved, despite catastrophe losses in calendar year 2018.
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A.M. Best Upgrades Ratings of Loudoun Mutual Insurance Company: A.M. Best Co. has upgraded the financial strength rating to A (Excellent) from A- (Excellent) and the issuer credit rating to a from "a-" of Loudoun Mutual Insurance Company (Loudoun) (Waterford, ... Date: December 10, 2013 Source: Press Release
A.M. Best Revises Outlook to Positive for Loudoun Mutual Insurance Company: A.M. Best Co. has revised the outlook to positive from stable and affirmed the financial strength rating of A- (Excellent) and issuer credit rating of “a-” of Loudoun Mutual Insurance Company (Loudoun) (Waterford, VA).
... Date: November 24, 2010 Source: BestWire News
A.M. Best Revises Outlook to Positive for Loudoun Mutual Insurance Company: A.M. Best Co. has revised the outlook to positive from stable and affirmed the financial strength rating of A- (Excellent) and issuer credit rating of "a-" of Loudoun Mutual Insurance Company (Loudoun) (Waterfor... Date: November 24, 2010 Source: Press Release
Second-Quarter Sales of Equity-Indexed Annuities Dip Slightly; AIG Unit Re-Enters Market: Total second-quarter U.S. sales of equity-indexed annuities stood at $8.38 billion, a dip of 0.1% from the same period a year ago but sales rose nearly 23% from the first quarter, according to AnnuitySpecs.com, a firm that tr... Date: August 17, 2010 Source: BestWire News
Daybook for Thursday, March 12, 2009: Mark-to-Market Rules on Docket for House Insurance Subcommittee: Mark-to-market accounting rules as they pertain to the global economic downturn are the topic of a scheduled 10 a.m. hearing of the U.S. House Financial Services' Subcommittee on Capital Markets, Insurance and Government Spon... Date: March 11, 2009 Source: BestWire News
Insurance Daybook for Monday, March 12, 2007: Panel to Hear Nationwide Insurance Company of Florida Case: Nationwide Insurance Company of Florida is appealing the rejection of its property/casualty rate cut request by the Florida Office of Insurance Regulation. A three-person arbitration panel from an independent organization is ... Date: March 09, 2007 Source: BestWire News
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