The fall of insurance industry giants in 2008 and the unraveling of the banking and credit markets provide our industry with an opportunity to learn some valuable lessons, according to executives of
When Tap Johnson III, president of TAPCO Underwriters in Burlington, N.C., shared that prediction with NAPSLO Daily, his view of the timing of the return to hard market conditions was typical of
Members of the automation committee of the American Association of Managing General Agents shared their views on the two automation barriers in September during the annual convention of the National
Not since 2001 has the date of one of the biggest events on the E&S/specialty lines market calendar coincided with what may be a turning point for the market and the property-casualty insurance
While this year marks the "Year of the Ox" on the Chinese calendar, participants in the E&S/specialty insurance segment are ushering in 2009 as the "Year of the Underwriter," according to the head of
The insurance "underwriting environment is improving," with rates on the rise, according to Evan Greenberg, chairman and chief executive officer of ACE Ltd., which reported a sharp decline in net
The job cuts were revealed as the Bermuda-based company reported a $1.4 billion loss for fourth-quarter 2008, or $4.36 per share. For the full year, the net loss totaled $2.6 billion, or $11.02 per
The leader of ACE Ltd. said this morning that the insurance "underwriting environment is improving," as the company reported a sharp decline in net income but an 87 combined ratio for fourth-quarter
The information on the year ended Sept. 30, 2008 is available in the "Fiscal Year 2008 Performance and Accountability Report," posted on the EEOC's Web site,
Delivering bad news for directors and officers liability insurers who cover defendants in securities suits, studies show the number of class actions jumped 19 percent in 2008, and that large