"Chronic deficiencies have likely turned to redundancies for most companies and earnings in 2006 may actually receive a boost from net reserve releases rather than face a headwind from reserve additio
Bear Stearns analyst David Small said the trend has been evident over the past several quarters. "Policy In Force growth rates for personal auto, and premium per policy, also declined, suggesting the
The California Department of Insurance has initiated administrative legal proceedings against The Hartford Insurance Group alleging the company charged commercial and personal lines policyholders ille
Preliminary 2005 results provided by the Property Casualty Insurers Association of America and the Insurance Services Office also indicate the industry will post a modest underwriting loss, compared w
Americans For Insurance Reform issued a report asserting that with increasing numbers of carriers leaving the state, others threatening massive cancellations and skyrocketing prices, the time for fixi
Standard & Poor's said its ratings affirmation was based on the guarantee from AXA France IARD that it will cover new business written by AXA Re until at least March 31, 2007, and possibly for a year
Michael Trevino, spokesman for the Northbrook, Ill.-based insurer, said that the company had hoped to reduce home office workforce by up 700 when the buyout offer was first made, which would represent
Michael Trevino, spokesman for the Northbrook, Ill.-based insurer, said that the company had hoped to reduce home office workforce by up 700 when the buyout offer was first made, which would represent
"For Lloyd's to emerge with such a small loss represents an excellent performance by the market," Mr. Levene said. "That outcome would have been unthinkable just a few years ago, which is the true mea
The Colorado State University forecast team said Tuesday that the U.S. Atlantic Basin will experience an active storm season this year, but most likely with fewer intense landfalling hurricanes than l