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Standard & Poor's in a report said for the nine months of 2005, p-c insurers lost ground in reserving for the years prior to 2001, experiencing $16 billion in adverse development for that period. The
But, in a letter seeking a Senate floor vote next week, sent to Senate Majority Leader William Frist, R-Tenn., backers of the measure indicated while they can overcome a budget point of order, they ar
Zurich-based Swiss Re in its catastrophe report for 2005, released today, said the recent increase in hurricane losses is linked to a warm phase of "Atlantic multidecadal oscillation" in the North Atl
State Farm said that more than $6 billion in hurricane losses contributed to a 39 percent drop in net income for 2005, the first time it has publicly reported its losses from this past season's hurric
Ft. Lauderdale, Fla.--A resolution vigorously opposing regulators' efforts to impose Sarbanes-Oxley reporting requirements on mutual insurance companies won preliminary approval today from a National C
S&P lowered the financial strength and counterparty credit ratings of PXRE Reinsurance Ltd. and U.S.-based PXRE Reinsurance to "triple-B-minus" from "triple-B-plus." The rating agency also lowered the
Founded in 1940 by Harry David Zutz, the agency provides a wide range of insurance products and services, specializing in professional liability insurance for associations. The agency's 2005 gross rev
Founded in 1940 by Harry David Zutz, the agency provides a wide range of insurance products and services, specializing in professional liability insurance for associations. The agency's 2005 gross rev
The company said its net rose by $3.3 million, or 21 cents a share, to $18.5 million, or 60 cents a share, compared with the same quarter in 2004 when net income was $11.8 million, or 39 cents a share
"We're still finding automobiles, boats, recreation vehicles and other items in New Orleans," said Salvage Direct President and Chief Operating Officer Darren Horn, in a message relayed by a spokesman
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