US P/C insurers get ratings boost

[ad_1] The IBERIA region posted a net result of €121 million, up 65.6% year-on-year, with a combined ratio of 95.6%. The company cited performance in the auto segment as a major factor in this regional outcome. In North America, MAPFRE reported a profit of €30 million, up 94.3%, continuing the region’s recent trend of improved…

[ad_1] The dispute began after 18 former Scouts filed suit in 2012 against BSA and its Chicago-area council, alleging sexual abuse by Scout leader Thomas Hacker between 1980 and 1988. National Surety, which had issued excess liability insurance policies to BSA, filed a seven-count complaint in Illinois seeking a declaration that it had no obligation…

[ad_1] Leadership moves support coordinated client service and global reach [ad_2] Source link

[ad_1] North Dakota has officially transferred oversight of its state fire and tornado fund from the insurance commissioner to the Office of Management and Budget (OMB), following the enactment of House Bill 1027. The change centralizes fund management under the OMB, which now oversees risk coverage for state agencies, political subdivisions, winter shows, and the…

[ad_1] Nathan Kerr has spent his entire 25-year career at Scott Insurance, where he launched the affordable housing practice group a decade ago. He’s worked closely with owners, developers, property managers, equity syndicators, and CDFIs – watching insurance move from a budgeting issue to a critical obstacle. For him, the work is personal.  [ad_2] Source…

[ad_1] Company president highlights importance of moves [ad_2] Source link