Is your reinsurer safe?

Article Abstract:

Companies looking for a reinsurer should be very careful when choosing an insurance provider. According to a recent report, unpaid insurance claims have been found to be a major reason for 21 casualty/property insolvencies since 1969. That is why it is important for companies to avoid costly errors and be able to identify healthy reinsurers. Issues to be aware of when choosing a reinsurer include companies that are not financially sound and premiums that are too low in relation to the percentage of reinsurance purchased.

Reinsurance

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Best Practices uncovers agencies doing it right

Article Abstract:

Best Practices is a survey which highlights agencies which have made the changes necessary to serve their customers and profit in today's marketplace. These agencies are nominated by the state in which they are located, and all have made a strong effort to change with the industry. All show a strong commitment to customer service, which does not inhibit their committment to sales and strategy. They are using today's technology to improve their workflow, not make it more hectic.

Insurance, Insurance Carriers and Related Activities

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A.M. Best improves rating structure

Article Abstract:

A.M. Best Company has expanded its system for rating the insurance industry. Best has added six new ratings: A++,B++, C++, D, E and F. The rating modifier 'Contingent' has been eliminated, as have 'Not Assigned' ratings categories. The category 'Rating Suspended' has been added. The new structure allows for a more precise analysis of the financial strength of companies in the 'Superior,' 'Very Good' and 'Fair' ratings categories.

Book publishing, Standards, Market research services, Marketing research firms, A.M. Best Company Inc.

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