All the headlines from our AM Best Topic Page, ordered by recency.
Nov 8 2002 // A.M. Best Co. has affirmed the A- (Excellent) financial strength rating of The Royal & SunAlliance USA Insurance Pool (pool).The outlook remains negative. The U.S. operations are now regarded by A.M. Best as...
Nov 7 2002 // The U.K.’s Royal & Sun Alliance Insurance Group plc reported that the Group’s combined operating result was $739 million for the first nine months of 2002, compared to $482 million for the same period in...
Nov 5 2002 // A.M. Best Co. announced that it has assigned an initial financial strength rating of ‘A ‘(Excellent) to the reinsurance subsidiaries of Bermuda-based Platinum Underwriters Holdings Ltd., the company formed by...
Nov 4 2002 // The property/casualty industry is expected to ultimately incur more than $121 billion in net asbestos and environmental losses, according to the special report, “Largest Increase in A&E Losses to Date Seen in...
Oct 31 2002 // A.M. Best Co. stated the financial strength rating of A++ (Superior) of the Chubb Group of Insurance Companies, (NYSE: CB) (Warren, NJ), the “aa” senior debt ratings of The Chubb Corporation, Chubb Capital...
Oct 30 2002 // Rising medical-malpractice insurance premiums for doctors and hospitals are adding to already budget-busting medical-cost inflation, according to the special report, “The Impact of the Med-Mal Insurance Crisis on...
Oct 29 2002 // A.M. Best Co. has affirmed the financial strength ratings of A+ (Superior) for the Mercury Casualty Group (Los Angeles). Also, the financial strength ratings of A- (Excellent) of American Mercury Insurance Group (Oklahoma...
Oct 28 2002 // A.M. Best Co. has affirmed the financial strength ratings of B+ (Very Good) for two separately rated subsidiaries of State Farm Mutual Automobile Insurance Company, State Farm General Insurance Company (both of...
Oct 28 2002 // A.M. Best Co. has affirmed the Best’s syndicate rating of “A-” of Lloyd’s syndicate 1243, which is managed by Euclidian Underwriting Limited, U.K. The outlook is stable.The rating reflects the...
Oct 25 2002 // A.M. Best Co. announced that it has affirmed the A-(Excellent) financial strength ratings of Denmark’s Tryg-Baltica Insurance, International Insurance Company (TBI), and its London-based subsidiary Tryg-Baltica...
Oct 24 2002 // A.M. Best Co. has downgraded the financial strength rating to B++ (Very Good) from A- (Excellent) of FPIC Insurance Group Inc. (Jacksonville, Fla.).The rating action applies to the group’s four pool members: First...
Oct 21 2002 // A.M. Best Co. has downgraded the financial strength ratings of Trenwick Group Ltd.’s various operating subsidiaries.Concurrent with these actions, the debt ratings relating to securities issued by various holding...
Oct 21 2002 // Standard & Poor’s has lowered its ratings on the Netherlands-based Eureko insurance group to single-‘A’-plus from double-‘A’-minus, while A.M. Best announced that it has lowered its...
Oct 17 2002 // A.M. Best Co. said the A++ (Superior) financial strength rating of the Travelers Property Casualty Pool (Hartford, Conn.), the financial strength ratings of the other Travelers Property Casualty Group members, the debt...
Oct 16 2002 // A.M. Best Co. has affirmed the financial strength ratings of A++ (Superior) of The Chubb Corporation’s property/casualty subsidiaries.Additionally, A.M. Best has affirmed the “aa” senior debt ratings of...
Oct 15 2002 // A.M. Best Co. announced that it has lowered the financial strength ratings to A+ (Superior) from A++ (Superior) of Employers Reinsurance Corporation (ERC) and its affiliated domestic and international non-life and life...
Oct 14 2002 // A.M. Best Co. has lowered the financial strength ratings to A+ (Superior) from A++ (Superior) of Employers Reinsurance Corporation, and its affiliated domestic and international non-life and life reinsurance companies,...
Oct 10 2002 // A.M. Best Co. announced that it will add the state of Nevada to its monthly publication of Best’s State Rate Filings. This essential publication helps professionals to track and monitor rate-filing activity...
Oct 8 2002 // A.M. Best Co. announced that it has affirmed the A++ (Superior) financial strength rating of Cornhill Insurance PLC, the U.K. subsidiary of Germany’s Allianz Group, with a negative outlook.Best’s report...
Oct 8 2002 // The property/casualty industry saw a gain in the number of rating downgrades issued by A.M. Best Co. for the second consecutive year, according to the special report, “Rating Downgrades Outpace Upgrades Despite...