FCIC

AM Best Upgrades Credit Ratings of United Security Insurance Company; Affirms Credit Ratings of First Chicago Insurance Company

Retrieved on: 
Tuesday, January 9, 2024
Consulting, Professional Services, Insurance, Finance, FCIC, Credit, Policy, ALL, Security Insurance Company, Partnership, FSR, ERM, Marginal, USIC, News, AM Best

The companies are collectively referred to as First Chicago Insurance Group (First Chicago).

Key Points: 
  • The companies are collectively referred to as First Chicago Insurance Group (First Chicago).
  • The more structured integration of both operations and strategic goals have led AM Best to view the two companies as a collective group.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings .
  • AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry.

AM Best Takes Various Credit Rating Actions on The Allstate Corporation and Its Key Subsidiaries

Retrieved on: 
Wednesday, August 9, 2023
Professional Services, Insurance, Finance, National health insurance, Good, AM Best, Allstate, Life, FCIC, ALL, Marketing, ERM, Share repurchase, Risk management, Average revenue per user, Credit, Short Term European Paper, American Heritage, FSR, Superior, Republika Srpska official football team, Growth, Long-term care insurance, AM, News, NYSE, Film industry, Reinsurance

The companies add depth and diversification to the Allstate organization through the marketing of their various life and health products.

Key Points: 
  • The companies add depth and diversification to the Allstate organization through the marketing of their various life and health products.
  • A complete listing of The Allstate Corporation and its P/C and life/health subsidiaries’ FSRs, Long-Term ICRs and Long- and Short-Term IRs is available.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings .
  • AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry.

First Chicago Insurance Company Enhances Commercial Auto Underwriting with New Verisk Solution

Retrieved on: 
Thursday, June 15, 2023
VRSK, FCIC, Workflow, WIN, VIN, CL, First Chicago Bank, Insurance, Verisk Analytics

Jersey City, N.J., June 15, 2023 (GLOBE NEWSWIRE) -- First Chicago Insurance Company (FCIC), a proud member of the Warrior Insurance Network (WIN), is refining its commercial auto underwriting with robust vehicle data from Verisk (Nasdaq: VRSK), a leading global data analytics and technology provider.

Key Points: 
  • Jersey City, N.J., June 15, 2023 (GLOBE NEWSWIRE) -- First Chicago Insurance Company (FCIC), a proud member of the Warrior Insurance Network (WIN), is refining its commercial auto underwriting with robust vehicle data from Verisk (Nasdaq: VRSK), a leading global data analytics and technology provider.
  • The insurer is leveraging Verisk’s new commercial lines (CL) VIN Decode solution to gain a more robust understanding of risk unique to commercial and specialized vehicles.
  • “Commercial vehicles come in many different shapes and sizes, and their unique attributes can have a significant impact on their risk profiles,” Mark Bissonette, Vice President, Commercial Lines Underwriting, FCIC.
  • “Achieving profitability in the commercial auto market has been a challenge for many insurers in the past decade, and we’re committed to creating solutions that help clients overcome those challenges,” said Joe Wodark, vice president of auto underwriting solutions at Verisk.

Alliant Insurance Services Acquires Windmark, Expands Crop and Agribusiness Presence in Texas and Midwest U.S.

Retrieved on: 
Tuesday, April 4, 2023
Agriculture, Professional Services, Natural Resources, Insurance, Federal Crop Insurance Corporation, FCIC, Alliant, Farmer, Insurance Services Office, RMA, Risk

Alliant Insurance Services has acquired Windmark Crop Division, a Texas-based provider of crop and agribusiness insurance solutions.

Key Points: 
  • Alliant Insurance Services has acquired Windmark Crop Division, a Texas-based provider of crop and agribusiness insurance solutions.
  • From yield protection to crop hail, Windmark offers a wide range of crop insurance services to meet the unique coverage needs of farm businesses located across the country.
  • “Windmark’s geographic footprint, established industry leadership and its trusted relationships in the crop and agribusiness space align with Alliant’s client service model and plans to expand in Texas and throughout the Midwest,” said Tom Corbett, Chairman and Chief Executive Officer, Alliant Insurance Services.
  • Windmark and its team will join Alliant and continue to service clients from its Lubbock, Texas, headquarters.

Warrior Insurance Network Welcomes Adam Niad as The New State Marketing Manager for the State of Pennsylvania

Retrieved on: 
Tuesday, February 7, 2023
Grubhub, State, DoorDash, Vehicle insurance, Lyft, Marketing, Interest, TNC, Alessi, Instacart, FCIC, Uber Eats, WIN, Insurance, Ridesharing

BEDFORD PARK, Ill., Feb. 7, 2023 /PRNewswire-PRWeb/ -- Warrior Insurance Network (WIN) and its member companies continue to grow as an organization. To help ensure WIN continues to deliver a superior level of service we rely on our team of State Marketing Managers. Dave Alessi, Vice President, Sales and Marketing, WIN shared, "WIN's team of State Marketing Managers each possess extensive insurance industry experience and sales knowledge to assist our valued producer force, and ultimately our insureds. Adam Niad, who brings with him 25 years of insurance industry experience in the Pennsylvania (PA) market, is our new State Marketing Manager for the region. Adam is familiar with the competitive landscape in Pennsylvania (among other states) and is skilled in both standard and non-standard auto insurance."

Key Points: 
  • Insurance industry veteran, Adam Niad is our new State Marketing Manager and will lead the charge as the Warrior Insurance Network's member insurance companies look to further expand in the Pennsylvania market.
  • BEDFORD PARK, Ill., Feb. 7, 2023 /PRNewswire-PRWeb/ -- Warrior Insurance Network (WIN) and its member companies continue to grow as an organization.
  • Adam Niad , who brings with him 25 years of insurance industry experience in the Pennsylvania (PA) market, is our new State Marketing Manager for the region.
  • WIN's member insurance company, First Chicago Insurance Company (FCIC) currently offers its Maverick Personal Auto Insurance Product in the PA market.

Palomar Holdings, Inc. Announces New Fronting Partnership with Advanced AgProtection

Retrieved on: 
Tuesday, January 10, 2023
Insurance, MGA, Culture, Knowledge, Partnership, Growth, Software, FCIC, Risk management, Ministry of Education (Malaysia)

LA JOLLA, Calif., Jan. 10, 2023 (GLOBE NEWSWIRE) -- Palomar Holdings, Inc. (NASDAQ:PLMR) (“Palomar” or the “Company”) today announced it has entered into a new multi-year fronting arrangement with Advanced AgProtection, a managing general agent (“MGA”).

Key Points: 
  • LA JOLLA, Calif., Jan. 10, 2023 (GLOBE NEWSWIRE) -- Palomar Holdings, Inc. (NASDAQ:PLMR) (“Palomar” or the “Company”) today announced it has entered into a new multi-year fronting arrangement with Advanced AgProtection, a managing general agent (“MGA”).
  • Advanced AgProtection is a leader in the crop insurance sector based upon their advanced technology and proprietary decisioning tools specific to the United States farming community.
  • The partnership formed between Palomar and Advanced AgProtection represents one of only fourteen Approved Insurance Providers (“AIP”) with access to the $20 billion insured crop marketplace.
  • This differentiates Advanced AgProtection in the market, allowing for share gain and profitable growth much like how Palomar started in the California residential earthquake market.

AM Best Affirms Credit Ratings of First Chicago Insurance Company, Upgrades Issuer Credit Rating of United Security Health and Casualty Insurance Company

Retrieved on: 
Thursday, December 1, 2022
Insurance, Professional Services, ALL, Business, USHC, Insurance, FSR, Movement, Erosion, ERM, FCIC, News, AM Best, Credit, AM, Marginal, Investment, Risk management

AM Best has affirmed the Financial Strength Rating (FSR) of B (Fair) and the Long-Term Issuer Credit Rating (Long-Term ICR) of bb (Fair) of First Chicago Insurance Company (FCIC).

Key Points: 
  • AM Best has affirmed the Financial Strength Rating (FSR) of B (Fair) and the Long-Term Issuer Credit Rating (Long-Term ICR) of bb (Fair) of First Chicago Insurance Company (FCIC).
  • The ratings affirmation reflects FCICs ability to maintain risk-adjusted capitalization supportive of the overall balance sheet strength despite erosion in 2022.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings .
  • AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry.

AM Best Affirms Credit Ratings of The Allstate Corporation and Its Key Subsidiaries

Retrieved on: 
Thursday, August 11, 2022
Insurance, Professional Services, Superior, American Heritage, Credit, Allstate, FSR, Lists of disasters, ERM, Industry, Good, Growth, AM, ALL, Life, Income, Risk management, AM Best, Republika Srpska official football team, National health insurance, News, Insurance, Weather, FCIC, Castle, Overalls, Long-Term Capital Management, Time

AM Best has affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of aa (Superior) of the members of Allstate Insurance Group (Allstate).

Key Points: 
  • AM Best has affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of aa (Superior) of the members of Allstate Insurance Group (Allstate).
  • AM Best also has affirmed the FSR of B+ (Good) and the Long-Term ICRs of bbb- (Good) of the members of Castle Key Group (Castle Key).
  • At the same time, AM Best has affirmed the Long-Term ICR of a (Excellent), and all existing Long-and Short Term Issue Credit Ratings, (Long-Term IR; Short-Term IR) of the ultimate parent, The Allstate Corporation (Allcorp).
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings .

First Chicago Insurance Company Appoints Mark Bissonette to Vice President Commercial Lines Underwriting

Retrieved on: 
Tuesday, July 26, 2022
Time, IAT, Fairfax Financial, Insurance, Industry, Commercial Operating System (COS), Clarkson University, Commercial, Crum, FCIC, Solution, Transport, Personal, Lonestar, WIN, Commercial general liability insurance, Management, Vehicle insurance, Growth, Science

BEDFORD PARK, Ill., July 26, 2022   /PRNewswire-PRWeb/ -- First Chicago Insurance Company' s (FCIC) Commercial division recently appointed Mark Bissonette as the new Vice President Commercial Lines Underwriting. Bissonette joins FCIC from IAT Insurance Group, where he served as Underwriting Director. Bissonette brings with him 35+ years of experience in the insurance industry, eight of those years having been in management. He is an accomplished and highly regarded industry leader with a proven record of success. Amongst his accomplishments, Mark has been able to take start-up or struggling operations/territories, and in a short window of time, achieved significant growth results for carriers of the likes of Crum & Forster, Ironshore, Colony Specialty and IAT. Bissonette is a graduate of Clarkson University where he earned his Bachelor of Science, Management & Marketing degree.

Key Points: 
  • New Vice President Commercial Lines Underwriting, Mark Bissonette, joins expanding FCIC Commercial lines division.
  • BEDFORD PARK, Ill., July 26, 2022 /PRNewswire-PRWeb/ -- First Chicago Insurance Company' s (FCIC) Commercial division recently appointed Mark Bissonette as the new Vice President Commercial Lines Underwriting.
  • Lisa Cordero, Vice President, Commercial Operations, FCIC commented, "FCIC is a forward-thinking, customer focused insurance provider that has built a commercial auto division which provides creative insurance solutions to help meet our customer's needs.
  • 888-262-8864
    Warrior Insurance Network (WIN) entities include First Chicago Insurance Company, United Security Health and Casualty Insurance Company, Texas Ranger MGA and LoneStar MGA.

Dr. Henry J. Stronks Joins Purity-IQ as Chief Science Officer

Retrieved on: 
Wednesday, July 13, 2022
Marketing, Multimedia, Royal Society, Science, Chemical industry, Society of Chemical Industry, FCIC, Bruker, Fiji coup, CEO, Royal, Society, NMR, Entrepreneurship, Trust, Doctor of Philosophy, Research, Industry, Mission, Management, Pharmaceutical industry, Chemistry

TORONTO, July 13, 2022 /PRNewswire/ - Purity- IQ is pleased to announce that esteemed scientist Dr. Henry J. Stronks, FCIC has joined the organization's executive team as Chief Science Officer.

Key Points: 
  • TORONTO, July 13, 2022 /PRNewswire/ - Purity- IQ is pleased to announce that esteemed scientist Dr. Henry J. Stronks, FCIC has joined the organization's executive team as Chief Science Officer.
  • Dr. Stronks comes to Purity-IQ with more than 35 years of experience in the field of scientific analytical instrumentation, specializing in nuclear magnetic resonance (NMR).
  • "Dr. Stronks is a well known authority on NMR.
  • Dr. Stronks completed a Ph.D. at the Guelph Waterloo Centre for Graduate Work in Chemistry.