As a leader in the property and casualty insurance marketplace, South Florida-based Universal Property & Casualty Insurance Co. certainly understands the science of risk management and protecting the assets of its customers.
As part of its corporate business continuity/data protection plan, Universal has decided to expand the scope of its colocation/disaster recovery coverage with 1Vault Networks [...]

Employers Mutual Casualty Company (Employers Mutual), the parent company of EMC Insurance Group Inc. announced to its employees that the statutory combined trade ratio of the EMC Insurance Companies for the year ended December 31, 2008 was 109.8 percent. This announcement was made in conjunction with a company-wide disclosure of the results of Employers Mutual’s [...]

AIG Commercial Insurance, announced that it will service all casualty insurance coverage for the public sector through its Lexington Insurance Company unit. Specifically, effective as of January 1, 2009, Lexington’s Casualty Division will manage the public entity commercial umbrella and excess casualty portfolio of AIG Specialty Excess, a division of AIG Excess Casualty, which along [...]

A.M. Best Co. has affirmed the financial strength rating of A- (Excellent) and issuer credit rating of “a-” of Transportation Property & Casualty Company Inc (TPCC) (British Columbia, Canada). The outlook for both ratings is stable.
These ratings are based on TPCC’s excellent capitalization and operating performance and its favorable profile as part of the Greater [...]

Federated National Insurance Company (”Federated National”), a wholly-owned subsidiary of 21st Century Holding Company insurance holding company, today announced that it received approval from the Florida Office of Insurance Regulation (”OIR”) to write commercial residential property business in the state of FloridaMichael H. Braun, President of Federated National and Chief Executive Officer of 21st [...]

The current economic crisis is negatively impacting fire departments in the state of Massachusetts, according to a comprehensive national survey of firefighters from nearly 9,500 fire departments or 30 percent of departments in the country, including 195 fire departments in Massachusetts.
“Supporting Safer Communities: A National Fire Service Survey,” sponsored by Fireman’s Fund Insurance Company, found [...]

Guidewire Software®, a leading global provider of solutions to property/casualty (general) insurers, announced that Zurich Insurance Company (Zurich Japan), the third largest foreign general insurer in Japan, has selected Guidewire ClaimCenter® as its new end-to-end claims management solution. ClaimCenter is currently being implemented to process Zurich Japan’s auto claims, with plans to extend it [...]

FCCI Insurance Group (FCCI), a Sarasota-based commercial property and casualty insurer writing in excess of $500 million written premium in 14 states, has purchased Mississippi Insurance Managers and, as a result, owns the remaining 20 percent of Brierfield Insurance Company, a P&C carrier with offices in Jackson, MS. FCCI has owned 80 percent of the [...]

Fireman’s Fund Insurance Company is introducing the first coverage for retailers that experience a breach of their payment card security system. A single breach of a payment card security system could cost tens of thousands of dollars in penalties and extra expenses.
While most retailers, merchants, and service providers including restaurants are aware of the risks [...]

A.M. Best Co. has assigned a financial strength rating (FSR) of B+ (Good) and an issuer credit rating (ICR) of “bbb-” to Waco Fire and Casualty Insurance Company (Waco) (Atlanta, GA). The outlook assigned to both ratings is stable.
The ratings and outlook reflect Waco’s solid risk-adjusted capitalization and management’s near-term projections, which call for continued [...]