NEW YORK--Allstate's incoming chief executive told an insurance conference here yesterday that industry competitors should forge a joint approach for natural catastrophes that inflict major losses on c

NEW YORK--Insurers to be competitive need to focus on service and underwriting rather than price, the head of the ninth largest U.S. property-casualty insurer told industry counterparts at a meeting he

"I think we've got a lot of people crying wolf right now," he added, directing his comments toward V.J. Dowling, managing partner of Dowling & Partners Securities based in Hartford, Conn., who partici

"The capital model itself does not define a rating," said Grace Osborne, managing director of North American insurance ratings for S&P, detailing changes to the structure of the S&P's methodology and

Paramus, N.J.-based Preserver is a privately held company that specializes in small commercial and personal lines insurance in the Northeast. The company offers similar products and has a similar risk

Fitch Ratings today warned insurers against "ill-conceived diversification" of business lines and territories undertaken solely to produce better scores in rating agency capital models, suggesting tha

CHICAGO--Actuaries need to use more forward-looking methods, and auditors should allow some judgmental smoothing of results to avoid large medical malpractice reserve swings, an actuary expert suggeste

CHICAGO--Actuaries need to use more forward-looking methods, and auditors should allow some judgmental smoothing of results to avoid large medical malpractice reserve swings, an actuary expert suggeste