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 …
Tagged in: financial
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 …
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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 …
A.M. Best Affirms Chubb Group
A.M. Best Co. has affirmed the financial strength rating of A++ (Superior) and the issuer credit ratings of “aa+” of New Jersey-domiciled Chubb Group of Insurance Companies and its property/casualty members. Concurrently, A.M. Best has affirmed the ICR and senior debt ratings of “aa-” of The Chubb Corporation, the senior debt rating of “aa” of …
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A.M. Best Affirms FSR Of Allianz Insurance Group
Ratings bureau A.M. Best Co. has affirmed the financial strength rating of A (Excellent) and the issuer credit ratings of “a” of Burbank-domiciled Allianz Insurance Group, which consists of Allianz Global Risks US Insurance Company and its wholly-owned subsidiary, Allianz Underwriters Insurance Company. A.M. Best also has affirmed the FSR of A and the ICRs …
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A.M. Best Places Majestic Insurance Company Under Review With Negative Implications
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 …
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A.M. Best Affirms Ratings Of Trustmark And Revises Outlooks
Ratings agency A.M. Best Co. has affirmed the financial strength rating of B++ (Very Good) and the issuer credit ratings of “bbb” of Trustmark Insurance Company and Trustmark Life Insurance Co., both of Illinois. The FSR outlook has been revised to stable from negative. Concurrently, A.M. Best has affirmed the debt rating of “bb-” on …
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New Employer Member Vows Active Presence On Bureau Board
California Insurance Commissioner John Garamendi has appointed a semiretired consumer financial planner, a recent contributor to Garamendi’s campaign for lieutenant governor, to the Governing Committee of the Workers’ Compensation Insurance Rating Bureau. John Tonoyan, chairman of the board of T.Z. Financial Services in Los Angeles, promises to be an active member of the committee by …
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