HCC Insurance Holdings Inc. announced it has raised $150 million with a stock sale to fund acquisitions and bulk up its reserves.The Houston-based company ...
While the property-casualty insurance industry is showing signs of continued improvement to its bottom line, the industry still is faced with challenges from continued ...
Philadelphia Consolidated Holding Corp. said it estimates after-tax net losses from Hurricane Wilma will be approximately $5.5 million, impacting both its commercial and personal ...
A.M. Best Co. announced downgrades of two Bermuda insurers, Endurance Specialty and IPC Re, related to the companies' exposures to Hurricane Katrina.Best today dropped ...
Moody's Investors Service said it will not downgrade the financial strength rating of PXRE Reinsurance Company.Moody's confirmed the "Baa1" insurance financial strength rating of ...
Record catastrophic underwriting losses helped push leading reinsurers' cumulative combined ratio up nearly 25 percent, according to figures released by the Reinsurance Association of ...
Insured losses from Hurricane Rita are estimated to be $4.7 billion, making it the ninth-worst event in U.S. history, according to the Insurance Services ...
The Hartford Financial Services Group reported a 9 percent rise in net income for the third quarter, beating analysts' expectations.The Hartford, Conn.-based company reported ...
Washington--The Consumer Federation of America is calling for caution as the pressure builds on Congress to create a federal support system for insurance losses ...