Bermuda-based ACE Limited said that it had improperly accounted for eight finite transactions and will restate its financial results for five years and the ...
Everest Re Group reported second-quarter net income fell 26.4 percent to $194.2 million, or $3.40 per share, as a result of lower investment gains.Second-quarter ...
Although insurers escaped serious damage from catastrophes in the second quarter, according to a report released yesterday, a hurricane watch in Florida could bring ...
The Center Of Controversy: Are Contingents Used Widely In Personal Lines Policy Sales?Recently, the Consumer Federation of America released a report on contingent commissions, highlighting ...
After his company reported an 8 percent rise in second-quarter income today ACE Limited's chief executive said he is worried about a marketplace with ...
Revenue Growth Puts Financial Firms On Top M&As back on CEO strategic agendas, replacing expense-cuts to pump earningsPutting expense-cutting efforts on the back burner, 40 ...
Insurers Trim Expenses, But Not Commissions Budgets tightened mostly in home offices & branches; producer payments track premiumsIts expensive to underwrite property-casualty insurance, with 25 ...
Despite the intense scrutiny of its sales and accounting practices of the past year, analysts have turned bullish on the property-casualty insurance sector, giving ...
New York--The Sarbanes-Oxley Act disclosure requirements won't detect accounting fraud, in the opinion of one of several insurance executives who analyzed the costs and ...