Fitch Ratings said it has upgraded the outlook on its "A" rating of SCOR SE and its subsidiaries to "positive" from "stable" to reflect "the resilience of the group's financial strength."
The WTC Captive Insurance Company announced it would extend the Sept. 8, deadline to opt in to its settlement for two months, until Nov. 8, to give plaintiffs more time to consider whether to accept.
Privatizing workers' compensation insurance in Ohio would give more choices to consumers and open up a new market for insurers, the Insurance Information Institute's (I.I.I.) president told state officials.
The Captive Insurance Companies Association (CICA) and the National Risk Retention Association (NRRA) have both planned events in the Washington D.C. area in October, the organizations said.
A public hearing by the New York Department of Insurance on whether to add coverages to the state's excess and surplus lines "export" list was deemed successful by an agent trade association.
Members of the Senate Homeland Security and Governmental Affairs Committee sent a letter to the director of the U.S. Marshals Service, asking for an explanation about the storage of images from whole-body scanning machines.
Climate change could significantly increase Caribbean hurricane risk and raise annual expected losses by another 1 to 3 percent of GDP for some Caribbean countries by 2030, according to a new study.
The common perception is that a captive insurer or risk retention group entering rehabilitation has hit the skids and is on its way out, but the opposite is sometimes true, according to a captive management company.
New legislation and structuring for captives in a number of domiciles has made formation of captives--once limited to large global organizations--attractive to smaller companies as well, a captive management company said in its newsletter.