News Digest 8/21/2007

A.M. Best Rates Employers Direct Ratings bureau A.M. Best Co. assigns a financial strength rating of A- (Excellent) and an issuer credit rating of “a-” to Employers Direct Insurance Company … Read More »

A.M. Best Rates Employers Direct

Ratings bureau A.M. Best Co. assigns a financial strength rating of A- (Excellent) and an issuer credit rating of “a-” to specialty workers’ compensation carrier Employers Direct Insurance Company of Agoura Hills. The outlook for both ratings is stable. Employers Direct is a wholly-owned subsidiary of Alleghany Corp., a Delaware-domiciled publicly traded holding corporation that … Read More »

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News Digest 7/5/2007

Sunshine State Employers Get Good News from CFO Florida’s chief financial officer Alex Sink orders a 50-percent cut in the 2008 Workers’ Compensation Administration Trust Fund assessment rate. The order … Read More »

A.M. Best Leaves Fsrs Of Hannover Re Unchanged Following Announcement

A.M. Best Co. leaves the financial strength rating of A (Excellent) and the issuer credit rating of “a” of Hannover Rueckversicherung AG unchanged following the company’s announcement that it has agreed to sell Praetorian Insurance Group to QBE Insurance Group. In the ratings bureau’s press release, A.M. Best reports that it views the transaction positively … Read More »

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A.M. Best Affirms The Financial Strength Of Trustmark Insurance

A.M. Best Company affirms the financial strength rating of B++ (Very Good) for Trustmark Insurance Company and Trustmark Life Insurance Company. It’s also upgraded the issuer credit ratings to bbb+ from bbb for both carriers. The upgrade of the ICR and the positive assignment of the FSR reflect Trustmark’s strengthened capital position after the sale … Read More »

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News Digest 11/17/2006

A.M. Best Upgrades Majestic’s Financial Strength Rating A.M. Best Co. upgrades the financial strength rating of Majestic Insurance Company to A- (Excellent) from B++ (Very Good), removes the ratings from … Read More »

A.M. Best Upgrades Majestic’s Financial Strength Rating

A.M. Best Co. has upgraded the financial strength rating of Majestic Insurance Company of San Francisco to A- (Excellent) from B++ (Very Good), removed the ratings from under review and assigned an issuer credit rating of “a-“. Concurrently, A.M. Best has assigned an ICR of “bbb-” and a debt rating of “bb” to the $8 … Read More »

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News Digest 10/12/2006

Financial Benefits to Employers of Return-to-Work Programs According to a recent study by the California Workers Compensation Institute, 97 percent of injured employees who receive temporary disability benefits get two-thirds … Read More »