Bank Insurer Ratings

I work with a variety of insurers in my efforts for my bank clients. I review coverage, help with claims, and manage bids for community banks. Here are the latest ratings by AM Best and Weiss Ratings for a sample of the insurers who work with banks. . Q3 2011 . A.M. Best Rating Weiss Ratings . ABA Insurance Services … [Read more...] Ratings

I have long been a fan of Ratings - the rating service formerly known as Weiss. I see them as the tough grader in the world of insurance company ratings. AM Best is the easy grader. An incredible percentage of insurers have a Best rating of A- or better. That fact has always caused me to scratch my head. In everything else in … [Read more...]

AM BEST Predicts Commercial Insurance Market Change

Insurance rating org AM Best is predicting that the commercial insurance market will start a move to higher prices, according to the Insurance Journal.I don't know if their prediction is right or not. I do know that the insurance marketplace right now is competitive for good risks. There are a great number of insurers chasing renewals and new … [Read more...]

MEMIC Gets Better Best Rating

(Note, I try to keep this blog universal in appeal. However, many of my readers are from Maine. So...)Congratulations to Maine Employers Mutual on the award of a rating of A from A-.I have long been a fan of the leadership of MEMIC. It is, overall, a fine insurer who innovates and leads in the market.Insurance Journal article here.Scott … [Read more...]

AIG News and Moves

I've received several calls today from reporters wanting to talk about AIG.   The recently reports about a new government loan program have not changed my position on how insureds should tread AIG policies. I continued to take a wait-and-see approach. As AIG programs are coming up for renewal I am suggesting that we obtain competitive proposals … [Read more...]