The rating firm said pricing for renewals at the beginning of this year did not reflect new catastrophe models that were released showing greater potential losses from storms and were not priced in th
Mr. Gallagher, Florida's chief financial officer, and Mr. Mills, New York insurance superintendent, are current officeholders who will be out of jobs in January, while the other men are former commiss
Lloyd's USA president Wendy Baker, speaking Thursday at the 18th Annual Executive Conference for the Property-Casualty Industry sponsored by Ernst and Young and National Underwriter, said regulatory
But Andrew Castaldi, senior vice president for Americas Hub Swiss Reinsurance Group, based in Armonk, N.Y., said that such funds concentrate too much similar risk in a given area, and end up merely
"If you have an out-of-control company, but with a terrific capital modeling program, I am not sure how good that can be," he said, speaking Friday at the 18th Annual Property Casualty Conference in N
NEW YORK--Former regulator and trade association president Ernst Csiszar told property-casualty insurance executives gathered here today that their industry is a "cheapskate" when it comes to political
"Our political system goes through these seismic shifts very seldom," Mr. Racicot said at the event sponsored by Ernst and Young and National Underwriter. He noted the gains made by the Democrats were
NAPA,CALIF.--U.S. reinsurers voiced opposition here to a National Association of Insurance Commissioners proposal to require all secondary carriers to post collateral for liabilities, regardless of nat
NAPA, CALIF.--The National Conference of Insurance Legislators has approved a revised market conduct model surveillance act that attempts to eliminate some regulatory discretion when it comes to insura