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Thursday, January 27, 2011
Wednesday, January 19, 2011
Something I found In Insurance Journal
Something I found In Insurance Journal.
Are you an insurance news hound? Test your insurance news IQ and find out. The following questions and answers (at bottom of the page– don’t cheat!) were developed based on news stories published by InsuranceJournal.com in 2010. Good luck!
1. During the year, Congress let the National Flood Insurance Program lapse several times. The last vote extends the NFIP until when?- Jan. 31, 2011
- Sept. 30, 2011
- Dec. 31, 2013
- Sept. 30, 2012
- Florida
- Texas
- New York
- California
- $100 billion
- $50 billion
- $25 billion
- $0
- Ralph Hudgens
- John Oxendine
- Wayne Goodwin
- Kevin McCarty
- Aon
- Marsh
- Willis
- All of the above
- Michigan Insurance Co.
- Fremont Michigan InsuraCorp.
- Northern Mutual Insurance Co.
- Allstate
- Liberty Mutual
- AIG
- ISO
- 2
- 3
- 4
- 5
- True
- False
- Mike Villines
- Dave Jones
- Steve Poizner
- Jerry Brown
- $20 billion
- $100 billion
- $75 billion
- $200 million
- More than $10 billion
- More than $20 billion
- More than $30 billion
- More than $40 billion
- Fires
- Hurricanes
- Sinkholes
- All of the above
- Harleysville Insurance
- Chubb Insurance
- Markel Insurance
- Willis
- $10 Million
- $1.5 Billion
- $725 Million
- 110
- 101
- 98
- 103
- True
- False
- Louisiana
- Oklahoma
- Arkansas
- State Farm
- Allstate
- Progressive
- Travelers
- Washington
- Oregon
- Arizona
- California
- $60,000
- $6,000
- $600
- $60
- The law constitutional
- The law is unconstitutional
- The law is constitutional but the amounts are too low
- The question is a political one for the Legislature, not the courts, to decide.
- Vinyl flooring
- Chinese manufactured drywall
- High VOC paint
- Italy
- Indonesia
- Georgia
- Iceland
- True
- False
Best Affirms Progressive and Subs ‘A+’ Rating
A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit ratings (ICR) of “aa” of the Progressive Agency Pool, Progressive Direct Pool and Progressive Commercial Auto Group (collectively known as Progressive) and their respective members.
Best also affirmed the FSR of ‘A’ (Excellent) and ICR of “a+” of National Continental Insurance Company, as well as the ICR of “a” and all debt ratings of the parent holding company, The Progressive Corporation.
The outlook for all of the ratings is stable. All the companies are headquartered in Mayfield Village, Ohio.
The ratings reflect Progressive’s “solid capitalization, strong operating performance and sustainable competitive advantages,” said Best. “Progressive’s capitalization has benefitted from sustained underwriting profitability and a rebound in its investment portfolio since 2008.
“Progressive continues to benefit from an innovative management team, brand name recognition, a multiple channel distribution platform and innovative underwriting and claims handling technology. In addition, Progressive’s direct operations have exhibited favorable growth, reflective of improved brand recognition.
To get a free quote with Progressive or for more information.
please visit us on the web
http://www.es-insurance.com/
Best also affirmed the FSR of ‘A’ (Excellent) and ICR of “a+” of National Continental Insurance Company, as well as the ICR of “a” and all debt ratings of the parent holding company, The Progressive Corporation.
The outlook for all of the ratings is stable. All the companies are headquartered in Mayfield Village, Ohio.
The ratings reflect Progressive’s “solid capitalization, strong operating performance and sustainable competitive advantages,” said Best. “Progressive’s capitalization has benefitted from sustained underwriting profitability and a rebound in its investment portfolio since 2008.
“Progressive continues to benefit from an innovative management team, brand name recognition, a multiple channel distribution platform and innovative underwriting and claims handling technology. In addition, Progressive’s direct operations have exhibited favorable growth, reflective of improved brand recognition.
To get a free quote with Progressive or for more information.
please visit us on the web
http://www.es-insurance.com/
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