Insurers need to reassess their exposure strategies in the wake of the Terrorism Risk Insurance Act's two-year extension in a market that could face a capacity shortage in some areas, recent industry

Mr. Mills' comments came during the 14th Annual Professional Insurance Agents of New York State's Metropolitan Regional Awareness Program and included news of his department's new plans for industry o

Converium noted that vice chairman Georg Mehl, as well as board members George G.C. Parker and Anton K. Schnyder, will not be standing for re-election when their term expires at the 2006 meeting on Ap

Converium noted that vice chairman Georg Mehl, as well as board members George G.C. Parker and Anton K. Schnyder, will not be standing for re-election when their term expires at the 2006 meeting on Ap

AIG said although Mr. Kanak's resignation is effective Jan. 31 he will remain with the company for the next few months to assist in a smooth transition of his responsibilities and to provide advice to

The Los Angeles-based insurer said it increased its losses from the Oct. 24 storm from $12 million to $24 million. After tax, the company said it expects losses to increase from $8 million to $16 mill

The Los Angeles-based insurer said it increased its losses from the Oct. 24 storm from $12 million to $24 million. After tax, the company said it expects losses to increase from $8 million to $16 mill

The company anticipates filing a 2004 combined statutory report "no later than Jan. 31, 2006 with me," said Steve Johnson, Pennsylvania deputy insurance commissioner for the Office of Company Financia