Byline: SALLY ROBERTS and MARK A. HOFMANN If property underwriters had played Santa Claus this holiday renewal season, many risk managers probably would have found lumps of coal in their stockings. Last year's unprecedented hurricane losses hit Byline: SALLY ROBERTS...
The 5% rate hike that Federal Express Corp. negotiated with its lead aviation underwriter during the cargo carrier's Aug. 1 renewal portends another smooth fall renewal season for airlines worldwide. Despite the aviation market's decade of underwr The 5% rate hike that Federal...
The January renewals are booked and the July 1 renewals were well on their way as this article was written. The evidence is clear--rates improved across the board for U.S. reinsurers in 2001. Of course, the cost to the reinsurance industry of such ...
CHICAGO -- Fitch Ratings has placed the 'A-' Insurer Financial Strength IFS ratings of Exporters Insurance Company, Ltd. Exporters and its subsidiary, Exporters Insurance Company Europe Limited. Exporters Europe, on Rating Watch Negative following the announcement that it has entered into an agreement such that QBE Holdings, Inc. QBE will...
Taxpayers' money to go to bankers some believe are responsible for the company's financial mess The Government came under renewed pressure yesterday to clamp down on banking bonuses after news that Royal Bank of Scotland - which was bailed out last month with 20bn of taxpayers'...
Demand for Renewable Energy Testing on the Rise NORTHBROOK, Ill., Oct. 16 /PRNewswire/ -- Underwriters Laboratories UL, a world leader in Photovoltaic PV product testing and certification, announced today the immediate expansion of its Photovoltaic PV Technology Center of Excellence; North America's largest PV testing and certification...
- Adirondack moves certain risks to Homeowners Specialist - PAWTUCKET, R.I., Oct. 7 /PRNewswire/ -- Narragansett Bay Insurance Company announced that it has entered into a renewal rights agreement with Adirondack Insurance Exchange. The agreement involves over 4,500 policies with premiums of approximately $10 million and...
UnderRight[TM] Predictive Analytics combined with Valen's Extensive Data Assets helps Society optimize policy pricing and improve profitability DENVER -- Valen Technologies, the turnkey predictive analytics experts for the property and casualty (P&C) insurance industry, today announced Society Insurance has selected Valen's UnderRight[TM] predictive analytics solution. Valen's predictive models...
LONDON -- The ACE Group of Companies (NYSE:ACE), has today announced the launch of ACE Green, a specialized insurance solution covering the spectrum of environmental and climate related risks faced by businesses today. ACE Green brings together a comprehensive range of products and services from a number of...
OLDWICK, N.J. -- A.M. Best Co. has revised the outlook to negative from stable and affirmed the financial strength rating of B+ Good and issuer credit rating of "bbb-" of Newport Bonding and Surety Company Newport (Hato Rey, PR) The revised outlook is due to Newport's decline in...
After four consecutive years of eased underwriting standards, the majority of the banks surveyed by the Office of the Comptroller of the Currency OCC have tightened underwriting standards for both commercial and retail property loans. The OCC's 14th annual Survey of Credit Underwriting Practices, released in June, noted...
OLDWICK, N.J. -- Looking ahead to Les Rendez-Vous de Septembre--the largest annual gathering of reinsurers--Best's Review polled some of the top names in the business to find out how the current soft cycle will play out in 2009 renewal negotiations. Best's Review's August cover story, "Re-Match," reports the first half...
BEDFORD, Mass. -- Spire Corporation (Nasdaq: SPIR), a global solar company providing turnkey solar factories and capital equipment to manufacture photovoltaic PV modules worldwide, today announced that it has entered into a multi-year, multi-system contract to provide key module line equipment to Trina Solar Limited Trina Solar of the People's...
eTec's New Minit-Charger Model "SC" for Material Handling Applications Is Lighter, Smaller and Cost-Efficient SCOTTSDALE, Ariz. -- Electric Transportation Engineering Corporation eTec, a wholly owned subsidiary of ECOtality, Inc. (OTCBB: ETLY), a renewable energy company that acquires and commercially advances clean electric technologies and applications, today announced it...
Underwriters Laboratories UL, a worldleader in product safety testing and certification, announced today theopening of North America's largest commercially focused photovoltaic PVtesting and certification facility in Silicon Valley. Located in San Jose, Calif., UL's 20,000 square-foot PhotovoltaicTechnology Center of Excellence increases testing capacity for therenewable energy industry and will enable...
WHAT: On July 14, San Jose, California will welcome the opening of the new Underwriters Laboratories Photovoltaic Technology Center of Excellence, a 20,000 square-foot facility intended to increase ...
Insurer suspends cancellation and nonrenewal of policies for customers in affected areas HARTFORD, Conn. -- The Hartford Financial Services Group, Inc. (NYSE: HIG) will continue to insure homeowners, automobile, commercial insurance, individual life and group benefits customers affected by flooding in Illinois, even if they are temporarily unable...
The City of San Jose announced today thatUnderwriters Laboratories UL, a world leader in product safety testingand certification, will open a state-of-the-art photovoltaic PV testingand certification facility located at 2191 Zanker Road in north San Jose. The multi-million dollar project, called Underwriters LaboratoriesPhotovoltaic Technology Center of Excellence, is a 20,000...
NEW YORK -- Assured Guaranty UK Ltd., a subsidiary of Assured Guaranty Corp., a leading triple-A stable rated financial guaranty insurance company, is pleased to announce the appointment of Ralph Eley as Managing Director, Infrastructure Finance. "We are very pleased to have Ralph on board with Assured. His...
[ILLUSTRATION OMITTED] BANKS AND MORTGAGE LENDERS IN Arkansas have gone back to basics in the aftermath of the subprime loan crisis, requiring potential homebuyers to provide down payments and more documentation and have higher credit scores. "Everything has got a renewed focus on general Banking 101-type...
Articles 2008-05-19
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