The Workers’ Compensation Insurance Rating Bureau is proposing a 6.3 percent average decrease to pure premium rates for policies renewing and incepting January 1, 2006. It proposed an alternative pure premium rate increase of 1.8 percent should recently passed SB 815 be signed by the governor. That is an 8.1 percent difference. The decision concerning …
Ratings bureau A.M. Best Co. on Sept. 11, 2006 placed the financial strength rating of B++ (Very Good) of Majestic Insurance Company of San Francisco under review with negative implications, as a result of the announced signing of a definitive agreement for CRM Holdings Ltd. to acquire Majestic’s parent company, Embarcadero Insurance Holdings Inc. As …
New Employer Member Vows Active Presence on Bureau Board Public members appointed to the Workers’ Compensation Insurance Rating Bureau of California governing committee traditionally have been a quiet bunch, but …
Ratings bureau A.M. Best has assigned a financial strength rating of A- (Excellent) and an issuer credit rating of “a-” to Eastern Re Ltd. SPC. Both ratings have a stable outlook. The rating recognizes Eastern Re’s strategic affiliation with Eastern Alliance Insurance Group, an indirect subsidiary of Eastern Insurance Holdings, Inc., its consistently profitable operating …
A.M. Best Co. has affirmed the financial strength rating of A- (Excellent) and the issuer credit rating of “a-” of SeaBright Insurance Company, of Seattle. Concurrently, A.M. Best also has affirmed the ICR of “bbb-” of SeaBright’s holding company, SeaBright Insurance Holdings, Inc.. The outlook for all ratings is stable. The ratings bureau says in …