The commissioner said in a statement that a recent Department of Insurance study showed homeowners writers paid far less than 50 cents on the dollar to cover policyholder claims, with Safeco coming in
MarketScout CEO Richard Kerr said after the July reinsurance renewal season is completed industry analysts will have a much better picture of pricing for the rest of 2006, noting that almost 30 percen
Property-casualty rates declined 7 percent last month, a point more than in May and more than twice the 3 percent cut recorded in the same period last year, according to the Market Barometer published
ACE Limited said yesterday that it has completed the controversial sale of three runoff reinsurance subsidiaries with asbestos liabilities to Randall & Quilter Investment Holdings Limited, an internat
On May 31, thieves broke into a Midwest regional office of American International Group and stole two laptops, a file server, music compact discs and a camera, according to company spokesperson
The heat has been turned up substantially against insurers that have yet to pay claims stemming from the terrorist destruction of New York's World Trade Center, with a new lawsuit filed and
William Wilt, property-casualty insurance analyst at Morgan Stanley, said Mayfield, Ohio-based Progressive's recently announced plans to focus on top-line growth through a "retail mindset" will not co
William Wilt, property-casualty insurance analyst at Morgan Stanley, said Mayfield, Ohio-based Progressive's recently announced plans to focus on top-line growth through a "retail mindset" will not co
Neil Alldredge, senior state advocacy director for the National Association of Mutual Insurance Companies, said the article "rehashes false claims and specious arguments that were put to rest long ago