Improved building standards spared Mexico more damage and deaths from this weeks magnitude 7.4 earthquakeand U.S. builders can take a lesson from this event, one insurance association says.
Insurance-rate increases could extend beyond 2012 as insurers reduce their reserve releases and deal with deteriorating calendar-year underwriting profitability, says a financial analyst.
Ambac Financial Group Inc. reports a 2011 fourth-quarter net loss of more than $963 million as a combination of financial factors negatively impacted the companys earnings.
Ambac Financial Group Inc. reports a 2011 fourth-quarter net loss of more than $963 million as a combination of financial factors negatively impacted the companys earnings.
A survey of personal-lines-insurance customers indicates that insurers and agents need to focus on the younger generation of buyers to grow market share, or else they risk losing this generation to online writers.
The Independent Insurance Agents & Brokers of New York and the Council of Insurance Brokers of Greater New York say they will not appeal the decision of a state appeals court that upholds state regulations governing disclosure of producer compensation.
The Independent Insurance Agents & Brokers of New York and the Council of Insurance Brokers of Greater New York say they will not appeal the decision of a state appeals court that upholds state regulations governing disclosure of producer compensation.
An earthquake that struck Oaxaca, Mexico damaged hundreds of homes and caused an estimated insured loss of around $100 million, but no fatalities were reported.