Since 1997, 69 catastrophe bonds have been issued with a total of $10.65 billion in risk limits, while about $1.9 billion worth of bonds were issued last year in ten separate transactions by nine issu
In a major setback for insurers, a federal district court judge has ruled that a state court should hear a suit brought by Mississippi officials over property-casualty insurer denials of Hurricane
In New York a spokesman for Attorney General Eliot Spitzer, whose office first surfaced charges of bid-rigging and steering between commercial insurance brokers and carriers, said regarding Zurich "th
Yesterday AIG filed a third restatement of earnings back to 2000, which followed internal accounting probes after investigators uncovered what they said was fraudulent accounting. The company reported
Speaking at the Chartered Property Casualty Underwriters Society reinsurance forum yesterday in Philadelphia, the chief operating officer of a small mutual casualty company said that engineering a maj
Speaking at the Chartered Property Casualty Underwriters Society reinsurance forum yesterday in Philadelphia, the chief operating officer of a small mutual casualty company said that engineering a maj
Kristina Baldwin, a lobbyist for the Property Casualty Insurers Association of America (PCI), said the fact that the bill was not reported out by the committee did not completely foreclose action on t
On the other hand, Mr. Small observed that underlying profitability in February was strong with the accident-year loss ratio figure of 69.8 staying flat from January. "We suspect the benign weather ac