"Each of our three major business units contributed substantially to earnings, and the specialty business reached a milestone in its recovery by achieving a combined ratio below 90," said John D. Finn
"Each of our three major business units contributed substantially to earnings, and the specialty business reached a milestone in its recovery by achieving a combined ratio below 90," said John D. Finn
"ACE has recently benefited from favorable loss cost trends in liability lines, but we do not anticipate these trends will last and anticipate that lower pricing, as it has historically done, will lea
In a recent research report, Morgan Stanley analyst William Wilt noted that Allstate, State Farm and Geico (Berkshire Hathaway) currently allocate a slim portion of their advertising budgets to the In
Partner Re posted net income of $77.5 million in the quarter, compared to $159 million in the year-ago period. The 52 percent decline could be attributed in part to net realized after-tax investment l
Consumers will be the big losers under an optional federal charter regime for insurers, according to critics speaking at the National Conference of Insurance Legislators summer meeting Saturday in Bos
Florida State Sen. Steve Geller, D-Hallandale Beach, had successfully urged the subcommittee he chairs to approve a discussion paper jointly developed with the National Association of Insurance Commis
Beyond those odds cited by Phil Klotzbach, a research associate from Colorado State University, other experts speaking at the Northeast Hurricane Conference--organized by the Insurance Information
"The concept of a blended finite risk is that you are prefunding for a known liability, which on its own would be a finite risk product. But a blended finite risk product incorporates a risk-transfer
Indeed, oil spills have been the main source of environmental lawsuits and claims stemming from last year's record storms, according to David Bradford, principal of New York-based Advisen Ltd., in a