Offering any type of special-event coverage requires sound underwriting, and while determining the risk factors of events that involve a massive gathering of people may seem like a daunting
MBIA, the nation's largest bond insurer, based in Armonk, N.Y., announced last week that it would attempt to raise $750 million through the offering. The firm said that it sold 94.6 million shares of
CNA Financial Corporation reported 2007 fourth-quarter net income fell 50 percent compared to the same period in 2006, driven down by investment losses related to the decline in credit market conditio
While insurers indicated that it is too early to estimate losses resulting from the recent tornado activity in five southern states, State Farm reported that it has already received claims from around
Net written premium for the quarter totaled $5.579 billion, an increase of $764 million over 2006. This growth was driven by Liberty Mutual's acquisition of Ohio Casualty and growth in international o
Armonk, N.Y.-based MBIA Inc. said today it will attempt to raise $750 million by selling 50.3 million shares of its common stock. The move came a day after Fitch ratings placed the bond insurer's "tri
The increases, outlined in Gov. Spitzer's proposed Executive Budget, include a jump from $5,000 to $10,000 for "acting as an insurance producer or consultant without a license," an increase that the I
The increases, outlined in Gov. Spitzer's proposed Executive Budget, include a jump from $5,000 to $10,000 for "acting as an insurance producer or consultant without a license," an increase that the I
When insurance agents and brokers are selling coverage and services to clients, relationships are critical. It is perhaps not surprising, then, that these same producers consider relationships
With cheaper insurance rates and the re-entry of standard carriers into some specialty markets putting the squeeze on the amount of business available, premium financing companies are becoming more