During a Risk and Insurance Management Society webinar titled "AIG: An Update On The Latest Strategic Developments," John Doyle president and chief executive officer of AIG Commercial Insurance, said
The Rhode Island Supreme Court will hear an appeal regarding whether auto insurers in the state must conduct a "labor rate survey," and use the results as the sole factor in determining prevailing aut
The second fire, the Marek fire, is now 80 percent contained and the L.A. Fire Department Web site notes that all evacuations associated with that fire have been lifted. The two fires have destroyed o
Drivers in New York will see a lower average rate increase than what insurers initially sought, thanks to a directive issued by the state's insurance department requiring companies to consider reduced
Harbor Point Re UK has been operating as a representative office in the UK since 2006. Trevor Carvey, managing director of harbor Point Re UK, said, as a representative office, it was essentially a lo
Harbor Point Re UK has been operating as a representative office in the UK since 2006. Trevor Carvey, managing director of harbor Point Re UK, said, as a representative office, it was essentially a lo
XL Capital Ltd, in a preliminary third quarter 2008 announcement, said it expects a net loss to ordinary shareholders of between $1.65 billion and $1.67 billion, compared to net income of $328 million
Private mortgage insurers have been hit hard by the skyrocketing number of foreclosures over the past two years, but the market was spared the worst of the subprime crisis because many lenders
Standard & Poor's Ratings Services said it has placed on CreditWatch with negative implications the ratings of 25 housing bond issues partially supported by guaranteed investment contracts (GICs) from
WCB spokesman Brian Keegan said the board has not yet been served with the action. If it is served by mail, the board will have 30 days to respond, he said, and if it is served in person, the board wi