Dallas-based MarketScout's latest Market Barometer analysis found that while rates are still declining, on average, by double-digits, and the market is still considered soft, the June composite rate
The Dallas-based online insurance exchange reported that rates for May on average were down 11 percent, compared to a 13 percent reduction for the same period last year, and 12 percent this past
Last month's introduction of the Solvency II directive set the stage for a new era of global insurance solvency regulation and with it the possibility of resolving long-festering cross-ocean trade
The Hartford Financial Services Group disclosed in a regulatory filing yesterday that it had received one of the subpoenas. The others have been issued to "other reinsurance companies," Mr. Blumenthal
The examination of the NAIC, sponsored by the National Conference of Insurance Legislators, reviewed the NAIC "and its amoeba-like tendency to grow unfettered and without direct state control for thei
In addition, Chubb's reputation for stricter underwriting should lead to greater stability through the soft cycle, according to his analysis. "Brokers we have spoken with have suggested that Chubb, mo
Property-casualty trade groups have called on New York Gov. Eliot Spitzer to veto a bill that would prohibit using information that a consumer provides in searching for a car or home loan to determine
Insurance Commissioner Jim Donelon said consumers who paid extra fees on their property insurance bill to help fund a shortfall in the state's high-risk property insurance pool are still entitled to r
Mr. Kelly told a conference call this morning that commercial lines growth of 7 percent was slower than last year due to "very aggressive competition." Margins, along with terms and conditions, are ho
"By addressing these components of severity, insurers can target their efforts toward improving overall cost trends in workers' compensation," he said. "This can help them avoid the potential soft mar