Liberty Mutual Chairman and Chief Executive Officer Edmund "Ted" Kelly said only strong companies that recognize global business opportunities will succeed because they will be poised to take advantage of the market when it improves.
A Pascagoula, Miss. couple will not be getting nearly $600,000 they were awarded by a Jackson County jury for attorneys' fees, expenses and emotional distress related to their Hurricane-Katrina lawsuit against USAA, the state's Supreme Court has ruled.
Based on the improved underwriting and operating performance of the U.S. subsidiaries of Zurich Insurance Company Ltd., rating agency A.M. Best has upgraded the insurer's financial strength rating.
In a series of filings with the Securities and Exchange Commission, American International Group (AIG) submitted adjusted financial statements taking into account several transactions meant to ultimately repay taxpayers.
A former top broker with CRC Insurance Services will not have to pay her former employer more than $3 million awarded to the company by a lower court, according to the California Court of Appeal.
Standard & Poor's said it does not expect rising interest rates to result in ratings changes for property and casualty insurance companies unless they decide to adjust their reserves.
Chubb & Son said it has appealed an order from Washington State Insurance Commissioner Mike Kreidler, who is looking to stop six Chubb subsidiaries from writing new commercial insurance in the state for nine months...
Insurers continue to invest in packaged insurance software solutions despite the poor economy, with deal flow actually improving as carriers look to cut expenses and keep up with the competition, a new study reveals.