The Hartford, Safeco and several reinsurers are among carriers reporting nine-digit losses from Hurricanes Katrina and Rita this week.Bermuda-based Allied World Assurance Holdings, Ltd. ...
Chubb Corp. reported better-than-expected third-quarter earnings with pretax hurricane losses of $511 million driving profits down by a third.The Warren, N.J.-based insurer reported third-quarter ...
With a focus on resolution and not necessarily vindication, mediation is becoming an increasingly cost-effective tool to avoid litigation, an insurance company executive told ...
Independent actuaries have taken issue with a recent consumer group report charging that medical malpractice insurers have accumulated unreasonable surpluses over the past few ...
Insurer-Related Banks Expand Agent ArsenalWhile the Gramm-Leach-Bliley Act might not have inspired many banks to get into the insurance underwriting business, it did spur insurers ...
General Reinsurance Corp. CEO Joseph Brandon, along with a current and former executive, have received notices from the Securities Exchange Commission warning of a ...
American International Group Chief Executive Officer Martin Sullivan told an investors meeting this morning that the company will complete an audit of its reserves ...
Municipal bond insurers face a still undetermined risk from the impact Hurricane Katrina will have on public debt, said rating agency analysts.Fitch Ratings, New ...