"This is not a decision we have taken lightly," said a Lloyd's representative, Thor Valdmanis. "But our discussions over the last six months have not produced any results, so this is the logical next

Overall, Bank of America property-casualty analyst Brian Meredith said the $1.1 billion after-tax negative reserve development along with the $1.64 billion settlement with state and federal authoritie

Supreme Court Justice Herman Cahn permanently enjoined Starr Technical Risks Agency, Inc., part of C.V. Starr, from interfering with current business relationships between American International Group

A report issued by Cornerstone Research said the total value of cases settled during 2005 grew to an all-time high of $3.5 billion, surpassing last year's figure of $2.9 billion by more than 17 percen

The fourth-quarter figures represent $313.9 million net negative impact from company losses last October after Hurricane Wilma hit Florida creating an unusual amount of inland and urban insured losses

Frank Scafidi, NICB public affairs director, said there are currently about 205,000 vehicle identification numbers listed in the database gathered from various sources at the sites of Hurricanes Katri

"We expect continued top-line growth pressures and gradual margin compression," he wrote, noting, "The personal auto insurers have historically underperformed other property-casualty insurers during p

New York Supreme Court Justice Herman Cahn this morning postponed a hearing on temporary restraining orders filed on both American International Group and C.V. Starr agencies in connection with their