Results in the quarter include a $112 million increase in federal and foreign income taxes over the same period in 2005 as a result of the amortization of the domestic valuation allowance, which offse
Renaissance Holdings Ltd. reported first-quarter profits nearly quadrupling compared to the year-ago period as light catastrophe losses and lower than expected adverse reserve activity bolstered the
More domestic deference and less regulatory discretion are key goals for insurers seeking revisions of the current Market Conduct Surveillance Model Act, according to industry letters sent to a state
William Stander, Tallahassee-based assistant vice president for the Property Casualty Insurers Association of America, said the measures are needed to promote market stability because "reinsurance pri
Bear Stearns analyst David Small said the gross written premium decline of 8.4 percent in the commercial lines segment indicated the company remained disciplined in a deteriorating pricing environment
Mr. Meredith said that personal lines results have been the strongest, followed by primary commercial line carriers. Light catastrophe losses, robust capital management and large reserve releases cont
Mr. Meredith said that personal lines results have been the strongest, followed by primary commercial line carriers. Light catastrophe losses, robust capital management and large reserve releases cont
New York Insurance Superintendent Howard Mills told a bar group today that the current debate in Congress over insurance regulation will help spur a "slow and ponderous" National Association of Insura
Mr. Thorpe said there are several precedents for classifying storm surge as flood and supporting the position of the property-casualty insurance industry that such damage is not covered under flood ex