Search Results

U.S. property-casualty insurers have weathered the global financial crisis well because of a superior risk management model, Robert Hartwig, president of the Insurance Information Institute, told an industry conference today.

Despite international efforts that have suppressed some attacks on Gulf of Aden shipping, the piracy problem is escalating along with a 10-fold increase in vessel insurance rates, a maritime expert said.

Reasons for supporting state regulation of insurance voiced by some governors don't withstand detailed scrutiny, officials at several Washington conservative think tanks said in a letter to congressional leaders.

Coral Insurance Company, a Florida residential property insurer with 11,750 homeowner policyholders, has been put in receivership, the Florida Department of Financial Services announced yesterday.

A.M. Best Co. said it has revised Liberty Mutual Group's outlook to negative from stable for its financial strength and issuer credit ratings due to the group's "sizable deterioration" in overall capitalization.

A.M. Best Co. said it has removed the "under-review" status from the "A-minus" financial strength ratings of the operating subsidiaries of Ironshore after assessing management's execution of a new business plan.

NU Assistant Managing Editor Caroline McDonald observes that enterprise risk management has been under the microscope and even blamed by some for the financial failure and asks what will it take to give ERM a fresh start.

Many insurers are overlooking a system to capture, manage and store unstructured data that can ease information workloads, help them deal with regulatory compliance and improve operational accountability, a recent survey has found.