Expansion of Florida's property insurer of last resort will dangerously shift more of the hurricane risk to businesses and taxpayers, insurance industry representatives warned following the close of
The National Conference of Insurance Legislators delivered a one-two punch to the National Association of Insurance Commissioners last week, accusing state regulators of overstepping their bounds on
California Insurance Commissioner Steve Poizner today termed Allstate's decision to no longer write new property policies in the state "shortsighted" and ordered the carrier to prove it is not chargin
Chairman Martin Sullivan told a conference call this morning that the Domestic Brokerage Group and Foreign General Insurance reported strong growth in operating income on excellent underwriting result
In terms of underwriting, the company produced a combined ratio 11 points better than Bank of America expected, which may have resulted from lower than expected catastrophe results, although that numb
As governor of Kansas, Ms. Sebelius gained national attention for her assertion earlier this week that shortages of equipment and personnel to deal in the aftermath of the tornado that struck her stat
The decision broke new ground by establishing that aggregate limits in insurance policies do not apply to all claims arising during the course of business operations, according to the plaintiff's atto
In addition, the $500 million share repurchase is lower than expected. Bear Stearns wonders how the company "plans to fully offset the dilution" from the sale of its Putnam investment unit, Mr. Small
William Stander, regional manager for the Property Casualty Insurers Association of America (PCI), said "persistent problems with personal injury protection claims fraud and abuse have forced consumer
The Florida Legislature's passage of a measure allowing the state-created property insurer of last resort to assume more risks is a dangerous financial move for businesses and taxpayers, insurance ind