A.M. Best Co. has upgraded the financial strength rating of Majestic Insurance Company of San Francisco to A- (Excellent) from B++ (Very Good), removed the ratings from under review and assigned an issuer credit rating of “a-“. Concurrently, A.M. Best has assigned an ICR of “bbb-” and a debt rating of “bb” to the $8 …
Financial Benefits to Employers of Return-to-Work Programs According to a recent study by the California Workers Compensation Institute, 97 percent of injured employees who receive temporary disability benefits get two-thirds …
A.M. Best Co. has affirmed the financial strength rating of A++ (Superior) and the issuer credit ratings of “aa+” of New Jersey-domiciled Chubb Group of Insurance Companies and its property/casualty members. Concurrently, A.M. Best has affirmed the ICR and senior debt ratings of “aa-” of The Chubb Corporation, the senior debt rating of “aa” of …
Ratings bureau A.M. Best Co. has affirmed the financial strength rating of A (Excellent) and the issuer credit ratings of “a” of Burbank-domiciled Allianz Insurance Group, which consists of Allianz Global Risks US Insurance Company and its wholly-owned subsidiary, Allianz Underwriters Insurance Company. A.M. Best also has affirmed the FSR of A and the ICRs …
Ratings bureau A.M. Best Co. on Sept. 11, 2006 placed the financial strength rating of B++ (Very Good) of Majestic Insurance Company of San Francisco under review with negative implications, as a result of the announced signing of a definitive agreement for CRM Holdings Ltd. to acquire Majestic’s parent company, Embarcadero Insurance Holdings Inc. As …
Ratings agency A.M. Best Co. has affirmed the financial strength rating of B++ (Very Good) and the issuer credit ratings of “bbb” of Trustmark Insurance Company and Trustmark Life Insurance Co., both of Illinois. The FSR outlook has been revised to stable from negative. Concurrently, A.M. Best has affirmed the debt rating of “bb-” on …
California Insurance Commissioner John Garamendi has appointed a semiretired consumer financial planner, a recent contributor to Garamendi’s campaign for lieutenant governor, to the Governing Committee of the Workers’ Compensation Insurance Rating Bureau. John Tonoyan, chairman of the board of T.Z. Financial Services in Los Angeles, promises to be an active member of the committee by …
Hartford Credits Generics for Pushing Down Claim Costs In the most recent Top 25 Drugs in Workers’ Compensation annual survey, Hartford Financial Services Group reports that overall pharmaceutical costs for …