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 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 [...]

Liberty Mutual Group Inc. a wholly owned subsidiary of Liberty Mutual Holding Company Inc., announced today that as of 5:00 p.m., New York City time, on November 25, 2008, it had received the requisite consents to effect proposed amendments with respect to the 2012 Safeco Notes and the Ohio Casualty Notes (each as defined below). [...]

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 [...]

AIG Excess Casualty, a unit of AIG Commercial Insurance, today announced it is adopting AIG eDelivery®, an Internet-based system that enables electronic issuance of its excess casualty policies and endorsements.
AIG eDelivery speeds issuance of new policies and endorsements, making policy documents available to brokers online the next business day after issuance. The system also allows [...]

Infinity Property and
Casualty Corporation a national provider of personal
automobile insurance, today reported results for the three and nine months
ended September 30, 2008:
Three [...]

The following is the text of a letter sent yesterday to Secretary of the Treasury Henry M. Paulson, Jr. by John J. Degnan, Vice Chairman and Chief Operating Officer of The Chubb Corporation
October 28, 2008
The Honorable Henry M. Paulson, Jr.
Secretary of the Treasury
[...]

A.M. Best Co. has upgraded the financial strength rating (FSR) to A (Excellent) from B- (Fair) and issuer credit rating (ICR) to “a” from “bb-” of Great Lakes Casualty Insurance Company (GLCIC) (Grand Rapids, MI). The ratings have been removed from under review with positive implications and assigned a stable outlook.
These rating actions follow the [...]