Fitch has downgraded the Insurer Financial Strength (IFS) ratings of bond insurer CIFG Guaranty and its affiliates by 11 notches, from 'A-' to 'CCC,' due a greater risk of the company falling below re
Mr. Haines has served as a regional vice president of Admiral Insurance Company, another W.R. Berkley Corporation member company, for the last six years, according to the company. He has over 30 years
The study, "Non-life claims reserving: improving on a strategic challenge," examined various reserving techniques used by insurers, reported factors that contribute to reserving errors, and suggested
A second questionable reinsurance deal is involved in the Securities and Exchange Commission's consideration of civil charges against former American International Group Chairman Maurice Greenberg, it
A second questionable reinsurance deal is involved in the Securities and Exchange Commission's consideration of civil charges against former American International Group Chairman Maurice Greenberg, it
Those who work in the insurance industry--and particularly in claims--can tell many serious stories about huge losses they've handled involving large monetary payouts, considerable damage to property,
Private insurers are increasingly willing to write aviation insurance for terrorism, and the United States is among a small handful of governments still providing coverage for the risk, according to
The American Insurance Association (AIA) said it has received approval to file a brief with Mississippi Supreme Court in support of an insurer's interpretation of excludable flood damage stemming
Standard & Poor's Ratings Services has affirmed American International Group's financial ratings, saying the insurer's ability to raise money to replace capital lost in the previous two quarters excee
NOAA said there is a 60-to-70 percent chance of a total of 12-to-16 named storms, including six-to-nine hurricanes and two-to-five major hurricanes of Category Three or higher which reach or exceed th