The latest news on the Property & Casualty Insurance industry from Yahoo! Finance
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Credit ratings agency Standard & Poor's said Tuesday it placed ratings of insurer Allied World Assurance Co. on a negative credit watch.
Read S&P reviewing Allied World Assurance's ratings (AP) (Links)
HARTFORD, Conn.----As the Midwest battles some of the worst flooding in recent memory, insurance agents are busy answering questions about flood insurance — questions that are best addressed before a stressful situation develops.
Read Residents Impacted by Flooding Face Insurance Questions (Business Wire) (Links)
Credit ratings agency Standard & Poor's said Tuesday it raised the counterparty rating of specialty insurer Markel Corp.
Read S&P raises counterparty rating on Markel (AP) (Links)
NEW YORK----Transatlantic Holdings, Inc. has announced that its Chairman, Martin J. Sullivan, has resigned from the Board, effective today. The Board has elected Robert F. Orlich, President and Chief Executive Officer of Transatlantic Holdings, Inc., to serve as its interim Chairman.
Read Transatlantic Holdings, Inc. Announces That Martin J. Sullivan Has Resigned from the Board of Directors - President and CEO, Robert F. Orlich, Will Serve as Interim Chairman (Business Wire) (Links)
Read AIG pays Sullivan $47 million severance package (Reuters) (Links)
The broadband products company sells its personal communications division to AIG Venture Capital to better focus on expanding its core business into developing markets.
Read UTStarcom Hangs Up Handset Business (at Forbes.com) (Links)
Property and casualty insurer EMC Insurance Group Inc. on Thursday slashed its 2008 operating earnings outlook because of expected losses tied to storms in the Midwest.
Read EMC Insurance Group slashes 2008 outlook (AP) (Links)
Read Debbink leaves Cincinnati Financial board to head Navy Reserve (at bizjournals.com) (Links)
Read Stephen L. Kibblehouse Joins PMA Capital as Executive Vice President and General Counsel (Business Wire) (Links)
HARTFORD, Conn.----The Hartford Financial Service Group, Inc. commends the House Financial Services Subcommittee on Capital Markets, Insurance, and Government Sponsored Enterprises for its unanimous support of H.R. 5840, The Insurance Information Act of 2008.
Read The Hartford Commends House Financial Services Subcommittee For Support Of H.R. 5840, The Insurance Information Act of 2008 (Business Wire) (Links)
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