An investment bank analysis of the property-casualty insurance market finds that the outlook for this year is improving modestly but declines can be expected in earnings per share.
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The importance of pre-emptive and independent risk management for insurers and reinsurers has been heightened by the current financial crisis, according to a paper issued at the Chief Risk Officer Forum.
President Barack Obama said the bailout of American International Group was necessary to prevent an economic meltdown of the financial system but added he shared the exasperation many feel over the move.
Commercial insurance clients are facing increased risks and regulatory scrutiny which are creating opportunities for Aon brokerage, the firm's chief executive said.
Mini-cars, the two-seat vehicles becoming popular with fuel-conscious auto buyers, fared poorly in real life crash situations, according to the Insurance Institute for Highway Safety.
A new firm that says it aims to help insurance agents and agency owners with a distinctive sales strategy that leads with workers' compensation announced it has commenced operations.
Moody's Investors Service said it has downgraded loss-battered New York-based bond insurer Ambac Assurance Corp. and Ambac Assurance UK Ltd., dropping "Adequate" ratings for both to "Ba3" from "Baa1."