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
[...]
Claims personnel from Farmers Insurance Group of Companies® have been deployed to several Southern California cities to help customers affected by the wildfire burning in the Sylmar, Corona, Yorba Linda and Anaheim Hills areas.
Farmers Insurance asks its customers who have been ordered to evacuate or who have suffered damage, or lost their home because of [...]
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 [...]
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 [...]
While the economy has taken a downturn, Farmers Insurance Group of Companies® announces that its newest Business Development Center will open in Riverside, California, on October 28, 2008. According to Center Manager Mike Ponce, the center will employ a staff of recruiters, trainers and customer service personnel.
“Farmers is seeking individuals who want to own their [...]
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 nation’s fourth-largest privately held insurance firm, Keystone Insurers Group (KIG), has purchased an equity interest in East Coast Risk Management, LLC (ECRM), specialists in risk management services. The transaction, recently completed, will provide KIG-franchised locations with an expanded suite of services.
ECRM is headquartered in North Huntington, Pa. The firm will offer – exclusively to [...]
AQS, Inc., a provider of policy administration systems for property/casualty insurance, and FirstBest® Systems, Inc., developer of advanced Underwriting Management Systems(TM) (UMS) that enable property and casualty (P&C) insurance carriers to profit from better underwriting, have announced a strategic alliance to deliver AQS’ comprehensive rating and policy administration system with FirstBest’s agent portal and underwriting [...]
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 [...]
Missouri Employers Mutual Insurance (MEM), Missouri’s largest workers’ compensation insurer, and Guidewire Software®, a leading global provider of solutions to property/casualty insurers, today announced that MEM has fully deployed Guidewire ClaimCenter® as its new claims management system. ClaimCenter is now in use by MEM’s 95-person claims handling team and has fully replaced the company’s internally [...]
