The News Review:
- Insurance mandate hard to sell in recession
- AM Best Affirms Ratings of Jupiter Insurance Limited
- USIS and FRASCO Team Up for Insurance Industry Investigations
- Hallmark Financial Services Inc. Announces Expansion of Excess …
Insurance mandate hard to sell in recession
Bizjournals.com NC
That's the message business groups are sending as Congress prepares to tackle comprehensive health care reform next year. Both President-elect Barack Obama's health care plan and the vision for reform outlined by Sen. Max Baucus who chairs the Senate Finance Committee require employers to provide insurance or pay fees to a government coverage fund. Small businesses would receive tax credits to cover some of the costs and those that still couldn't afford it would be exempt from the "play or pay" requirement.
Related from Murtoughsupply: Businesses which make profit from recession
AM Best Affirms Ratings of Jupiter Insurance Limited
MarketWatch
Best remains the leading rating agency of captive insurers rating a wide variety of more than 200 captives in the United States and throughout the world. For current Best’s Ratings and independent data on the captive and alternative insurance market please visit.
USIS and FRASCO Team Up for Insurance Industry Investigations
MarketWatch
“This means we can provide customers with peace of mind because they know the professionals working their cases are the best in the country and are able to produce a consistent quality end-to-end investigative process. This partnership has created a unique investigative solution that we can offer to our clients. FRASCO brings 46 years of industry expertise in conducting insurance and commercial investigations. USIS which completes more than 500000 investigations annually brings over a dozen years of experience in high-level investigations for the federal government. FRASCO FRASCO headquartered in Burbank California is one of the largest insurance investigation corporations in the United States. With a long-maintained reputation for excellence FRASCO is also recognized as a top partner by other national investigation vendor management companies because of its best-in-class technical expertise technology and operational efficiencies. Additional information can be found at.
Hallmark Financial Services Inc. Announces Expansion of Excess …
MarketWatch
(“TGA”) will start issuing excess & surplus lines policies through its affiliate Hallmark Specialty Insurance Company (“HSIC”) in the states of Texas and Louisiana. “Since being acquired by Hallmark in 2006 it has been our goal to leverage TGA’s position within Hallmark to bring additional value to our agents and clients” stated Don Meyer President of TGA. “As a product developer and underwriter since 1978 TGA has been providing agents with innovative and competitively priced insurance products designed to meet the needs of our clients. Having direct access to our own highly-rated paper through HSIC gives TGA the ability to build on this heritage of product innovation and “Customer First” approach which has earned us an outstanding reputation with our agents. Mark Morrison Hallmark’s President and CEO stated “This is an important milestone in the transition plan that was put in place at the time we acquired TGA nearly three years ago. The transition of our E&S business to our own highly-rated paper coupled with the full retention of TGA produced business beginning in 2009 allows Hallmark to fully capture the underwriting margin of business produced by TGA our largest operating unit. Hallmark Specialty Insurance Company is rated “A-” (Excellent) VIII by A.