News

With considerable uncertainty over prices and conditions in the commercial insurance market, insurers need to be prepared to walk away when prices fall below a prudent, risk-based premium level, the L

ACE Chief Financial Officer Philip Bancroft said the company had moved from a components-based worksheet approach to a range of earnings per share estimates with assumptions for revenue growth and est

"We didn't think [Hurricane] Katrina and the events of last year warranted a broader hardening market event because rates were adequate in many areas, so there really wasn't a need for increases," he

A year after its first report, "Pandemic Influenza: Managing the risks of an invisible threat," which called on businesses to wake up to the potential risks of a pandemic, Aon released "Pandemic Influ

WASHINGTON--Democrats in Congress will seek to extend the Terrorism Risk Insurance Act for as long as five years and to expand the program, Rep. Barney Frank, D-Mass., incoming chairman of the House Fi

The average annual cost for auto insurance premiums nationwide for 2007 is estimated at $847 per policy, the first decrease since 1999. This is a $4 per policy decrease. In 2006, the typical U.S. driv

The average annual cost for auto insurance premiums nationwide for 2007 is estimated at $847 per policy, the first decrease since 1999. This is a $4 per policy decrease. In 2006, the typical U.S. driv

Commissioner James Donelon and Gov. Kathleen Blanco held a meeting Tuesday with representatives of commercial insurance carriers to hear their concerns about the risks they face in the post-Katrina er