Brad Kading, a longtime Reinsurance Association of America senior official, today runs the Association of Bermuda Insurers and Reinsurers as a virtual one-person show from both Washington and the
Insurance industry mergers and acquisitions increased in 2005 to the highest level since 2001, and may foreshadow an acceleration of activity this year and the next, according to a new study by
Mr. Garamendi has charged that plans by five auto insurers--Allstate, State Farm, Safeco, Farmers and 21st Century--to fund a $2.4 million television advertising campaign against his proposal to revise
The planned amendments to the Model Audit Rule would set new reporting requirements on internal controls, as well as new rules on the number of independent directors a mutual company must have on its
Earlier this year, the Newark, Calif.-based company said its release would result in modeled annualized insured loss increases of 40 percent across the Gulf Coast and Florida. In addition, modeled
California Insurance Commissioner John Garamendi said he may order significant rate reductions for state personal lines insurers after a study showing their costs have diminished while their premiums
The loss reserve issues surrounding the St. Paul-Travelers merger underscore how they can contribute to buyer hesitancy to assume such latent risk. Many transactions have been renewal rights deals wit
California Insurance Commissioner John Garamendi refused yesterday to disclose the outcome of a review by the state attorney general of his charge that auto insurers objecting to a regulatory action b
A study of drivers in the nation's cities has found residents of Sioux Falls, S.D., have the lowest accident rate, while inhabitants of Newark, N.J., are the most crash-prone, according to the second-