Eight days after Swiss Re announced it sustained an $860 million loss last year, and needed a Berkshire Hathaway $2.6 billion capital infusion, the company said it has replaced its chief executive
Decision Research Corporation (DRC), a rating and policy processing software solution provider to the property/casualty insurance industry, has announced it will offer the HP Exstream enterprise
Insurance regulation should remain with the states, and switching to an optional federal insurance charter (OFC) would be tantamount to deregulation, according to a letter sent yesterday to the
The statement came from National Association of Insurance and Financial Advisors-Florida which said efforts were being made to encourage policyholders to give up highly rated property insurance
WASHINGTON--The National Association of Professional Surplus Lines Office, Ltd., said today that two congressmen had agreed to reintroduce legislation to reform and modernize surplus lines and
WASHINGTON--The National Association of Professional Surplus Lines Office, Ltd., said today that two congressmen had agreed to reintroduce legislation to reform and modernize surplus lines and
Rep. Melissa Bean, D-Ill., and Rep. Ed Royce, R-Calif., chief sponsors of the measure, said the bill would be different from prior drafts because it would call for tough protections for consumers and
In tough economic times like these, people do what they have to do to put bread on the table, and inevitably some of those people turn to criminal activity as a source of income. What does that mean
The job cuts were revealed as the Bermuda-based company reported a $1.4 billion loss for fourth-quarter 2008, or $4.36 per share. For the full year, the net loss totaled $2.6 billion, or $11.02 per
Fitch, which previously moved its rating outlook for most insurance regions and sectors globally to "negative" throughout 2008, said downgrades should be limited to one or two notches in the vast