Louisiana domestic homeowners insurer Lighthouse Property Insurance Corp. said it has acquired homeowners polices in the state written by HomeWise Insurance Co.
Pricing in the property and casualty insurance industry may be on the rise but a lot of data continues to point to worsening returns on equity and earnings per share, said financial services specialists, Keefe, Bruyette and Woods (KBW).
Pricing in the property and casualty insurance industry may be on the rise but a lot of data continues to point to worsening returns on equity and earnings per share, said financial services specialists, Keefe, Bruyette and Woods (KBW).
More than $2 billion in weather-related losses, and mark-to-market losses in investments, drove a third-quarter net loss of $852 million at Nationwide.
Three large U.S.-based property-and-casualty insurers were unable to post third-quarter profits, with The Hartford stating its net income was flat and American International Group (AIG) and Liberty Mutual Group both reporting net losses.
The last time buffer liability insurance was in vogue, Ronald Reagan was in the White House. But now, the need for a buffer layer of excess coverage is emerging back into the structure of risk-sharing within the excess and umbrella insurance worlda sign that the market is transitioning from soft...
The last time buffer liability insurance was in vogue, Ronald Reagan was in the White House. But now, the need for a buffer layer of excess coverage is emerging back into the structure of risk-sharing within the excess and umbrella insurance worlda sign that the market is transitioning from soft...
Liberty International Underwriters is not trying to time the market with the opening of an excess and surplus property operation on the West Coast, said Michael Carr, senior vice president of LIU E&S property.
Liberty International Underwriters is not trying to time the market with the opening of an excess and surplus property operation on the West Coast, said Michael Carr, senior vice president of LIU E&S property.
EMC Insurance Group Inc. says a record $26.4 million in third-quarter catastrophe losses, combined with a drop in investment income, caused the insurer to report a net loss of $4.1 million for the quarter.