By lowering the premium tax, she asserted, Indiana will be more competitive with states such as Illinois, Iowa, Nebraska, South Carolina and Wyoming that, in general, have lower premium tax rates than
Mr. Wilt found that of the seven companies reporting this week, five reported higher buybacks than previously planned. "We take this as a sign of slowing growth prospects, but the alternative of hoard
Net income increased to $1.19 billion from $179 million for the period a year earlier when the company was hurt by record catastrophe losses and charges to expand reserves for asbestos and environment
ACE Ltd. reported a nearly tripling fourth-quarter net income last year compared to the period in 2005.The Bermuda-based company reported net income for the quarter ...
The 6th U.S. Circuit Court of Appeals in Cincinnati affirmed the judgment of the U.S. District Court for the Western District of Michigan at Lansing that plaintiffs could not establish a private right
"The stronger than anticipated results were driven by $135 million in reserve releases from the company's commercial, specialty and runoff insurance segments, somewhat offset by a slightly higher than
The Independent Insurance Agents of Texas released the results of its study yesterday that said resolving the Texas Windstorm Insurance Association crisis and remedying inadequate state laws should be
Rick Clinton, president of Oakland, Calif.-based EQECAT Inc., said during the "near-term" of the next ten years the storm risk will be higher than the long-term average derived from more than 100 year
Bear Stearns analyst David Small said the carrier missed the consensus estimate by six cents per share due to higher than anticipated catastrophe losses and a higher accident-year loss ratio for auto