A.M. Best Co. has upgraded the financial strength rating to A- (Excellent) from B++ (Good) and the issuer credit rating to “a-”from “bbb+” for Prism Assurance, Ltd (Prism) (Burlington, VT). The outlook for both ratings is being revised to stable from positive.
The ratings reflect Prism’s excellent capitalization and profitability, as well as its strategic role [...]
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 [...]
FINEOS Corporation, a global provider of innovative enterprise software solutions for insurance, bancassurance, and government, today announced that it has been selected as the claims management solution for life and income protection (disability) claims at SalusAnsvar, one of Sweden’s leading life assurance companies. FINEOS Claims will replace the existing solution and the project will commence [...]
NetSol Technologies, Inc. “NetSol” a U.S. corporation providing global business services and enterprise application solutions to private and public sector organizations worldwide, today announced they have entered into a Business Partnership in the Solution Partner Network with Rackspace® Hosting the world’s leader and specialist in hosting. This agreement is a significant addition to the [...]
International Medical Group®, Inc. (IMG®), a worldwide leader in designing, distributing and administering global health care benefits, announces its new partnership with the web-based physician/patient communication company, eDocAmerica. The collaboration compliments IMG’s core principles of providing a full-service approach to offering international medical insurance products backed by superior customer service, and eDocAmerica’s mission to improve [...]
G4S Compliance & Investigations announced the members of its 2009 advisory board this week. Lee L. Bennett, Esq., William J. Breslin, Dennis Chookaszian, Michael J. Conroy and John E. Skvarla, III have been selected to establish the G4S Compliance & Investigations external board. The five leaders form a team of elite business experts offering informative [...]
Assured Guaranty Ltd. (“Assured” or “the Company”) announced that the mandatory waiting period under the United States Hart-Scott-Rodino Antitrust Improvements Act of 1976 (“HSR”) for Assured’s proposed acquisition of Financial Security Assurance Holdings Ltd. (“FSA”) expired at 11:59 p.m. Eastern Time on January 20, 2009 (12:59 a.m. Atlantic Time on January 21, 2009).
In addition to [...]
World Financial Group, Inc. has announced that Milpitas, Calif.-resident Xuan Nguyen is its first leader to be promoted to the newly created top field level of Executive Chairman. A member of WFG’s prestigious Chairman’s Council, Nguyen is one of the company’s top leaders and most prolific builders, who is known for his dedication to helping [...]
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 [...]
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 [...]
