THE INSURANCE industry is obsessed with cats--as in catastrophes. Hurricane cats--especially "Kat-rina"--have raked insurers for billions of dollars in the last couple of years. Many reinsurers have become particularly allergic to this
THIS IS the month in which we observe the Fourth of July, a day to celebrate the triumph of throwing off the shackles of the oppressor and the joy of endangering life and limb (to say nothing of setting the backyard aflame) with small explosive
Seeing an opportunity to expand the Liability Risk Retention Act of 1986 to include property risks this year, the American Risk Retention Coalition last week delivered a letter to Rep. Richard Baker,
The Council of Insurance Agents & Brokers, based in Washington, D.C., released its quarterly survey of brokers, which found that, overall, the insurance market remains soft, but respondents said catas
Analysts and investors reacted positively today in the wake of Allstate Corp.'s report that second-quarter net income increased by 5 percent and growth remained strong as the company continued to shed
The American Risk Retention Coalition yesterday delivered a letter to Rep. Richard H. Baker, R-La, calling for the expansion of the Liability Risk Retention Act that governs them, to permit them to pr
The New York-based insurer said Hurricane Protection Unit, providing the service through its Private Client Group, will send a specialist to meet with the policyholder and map out a plan to respond to