The combined ratio was attributed to a 71-point loss ratio and an expense ratio of 30.7. Policyholders' surplus was $64.4 billion, down from the $75.9 billion reported for the same period in 2007,
Towers Perrin expects "that the surplus declines in 2008 will result in increased conservatism in companies' risk appetite. We believe that this, in turn, will lead to a gradual, general firming of
With its insistence that $165 million in retention bonuses must be paid, American International Group, while trying to conduct business as usual, is seemingly oblivious ...
WASHINGTON--James T. Armitage, the new president of the AMS Users Group, told members gathered here they need to challenge themselves and fellow members of the insurance industry to develop better
Ms. Sigler, with the James-Wenner Insurance Agency in Fairlawn, Ohio, was recognized for her efforts to improve the technology functions within her own agency and her work with group chapters to
Elizabeth Demaret, managing director at Itasca, Ill.-based insurance broker Arthur J. Gallagher, has been named chairwoman of the World Federation of Insurance Intermediaries (WFII), an international
Yielding to congressional demands, American International Group Inc. yesterday revealed the U.S. and foreign financial institutions to which it paid taxpayer bailout money, announcing that it now
Premium cuts moderated for the first time since October, with the average decline for commercial insurance rates coming in at 8 percent for February--one point less than in each of the past four
New York Insurance Superintendent Eric Dinallo was hit with withering criticism from the leadership of the U.S. Senate Banking Committee as he tried to defend the role of state regulators in
For decades, there has been talk of creating a federal insurance regulator. The industry remains split on the issue, with the life industry generally in favor of federal oversight, but with