AM Best has revised the outlook to negative from stable for the Long-Term Issuer Credit Rating (ICR) and affirmed the Financial Strength Rating (FSR) of B++ (Good) and the Long-Term ICR of “bbb+” (Good) of Nazareth Mutual Insurance Co., based in Nazareth, Pennsylvania. The outlook of the FSR is stable. AM Best said the revised […]
AM Best Revises Outlook to Negative for Nazareth Mutual Read More »
Brett Flagg Brett Flagg, of Frisco, Texas, has been reappointed to the Texas Mutual Insurance Company board of directors by Gov. Greg Abbott. His board term for Texas Mutual—a policyholder-owned company and the state’s leading provider of workers’ compensation insurance—is set to expire on July 1, 2031. Flagg is an attorney and owner of Flagg
Flagg Reappointed to Texas Mutual Insurance Company Board of Directors Read More »
AM Best has downgraded the financial strength ratings of State Farm Mutual Automobile Insurance Company and its affiliates to A+ from A++, reflecting a revision to Best’s assessment of the group’s operating performance. The affiliates included in the rating action are State Farm Fire and Casualty Company and State Farm County Mutual Insurance Company of
AM Best Downgrades State Farm Mutual Auto Read More »
AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Ratings of “bbb+” (Good) of Kansas Medical Mutual Insurance Company and its subsidiary, KAMMCO Casualty Company, Inc. These companies are collectively referred to as Kansas Medical Mutual Group or the group.
AM Best Revises Outlooks to Positive for Members of Kansas Medical Mutual Group Read More »
AM Besthas revised the outlook to positive from stable and affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term ICR of “a” (Excellent) of Michigan Millers Mutual Insurance Company (Michigan Millers) based in Lansing, Michigan. Concurrently, AM Best has affirmed the FSR of A+ (Superior) and the Long-Term ICR of “aa-” (Superior)
AM Best Revises Outlook to Positive for Michigan Millers Mutual Read More »
Mutual of Enumclaw Hires New Executives David Guthrie Mutual of Enumclaw named Daniel Guthrie as vice president of product operations and chief operating officer and Hem Chari as chief information officer. Hem Chari Guthrie has more than 25 years of leadership experience in the insurance industry, including executive roles at Kemper, Nationwide and Allstate. He
Amica Mutual Insurance Co. has signed a multiyear partnership with Penn State Athletics and its fanbase of an estimated 15 million people nationwide, Amica will be the official auto, home and life insurance partner of Penn State Athletics. The deal will allow Amica to tap into the fanbase of the Penn State Nittany Lions, one
Amica Mutual Signs With Penn State Athletics Read More »
Judge approves Vanguard's revised settlement over mutual fund tax bills
Judge approves Vanguard's revised settlement over mutual fund tax bills Read More »
A Carrier Management summary of earnings metrics for the year so far reveals a second-quarter average combined ratio of roughly 88, and a year-to-date ratio of just under 92 for a cohort of 27 insurers. Among the group, made up of carriers who reported their results publicly via press releases or conference calls, two-thirds had
Liberty Mutual Improves Most Among Nationals; Discipline Tested Read More »
Liberty Mutual Reinsurance (LM Re) and Safehub, a provider of seismic sensor and risk management technology, announced the launch of an earthquake parametric insurance solution, called “ShakeNet Parametric.” With capacity provided by LM Re and is triggered by the highest-resolution regional shaking data available globally, provided by Safehub. At the core of this product is
Liberty Mutual Re, Safehub Launch Parametric EQ Insurance Cover Read More »