Rating analysts at Standard & Poor's are starting to get concerned about loss reserving activities of commercial insurers, and insurance executives are eyeing the same troubling actions, said speakers at a conference.
Prior calculations of the U.S. property-casualty insurance industry's ultimate exposure to asbestos claims have probably underestimated the amount by $10-to-$15 billion, an actuary predicted.
The chief executive of Zurich-based ACE Limited reasserted that U.S. insurance regulation by states should end, citing the hit-and-miss quality of individual venues as one reason for his position.
While true merger and acquisition activity in the property-casualty insurance industry isn't occurring at the pace of prior soft markets, a form of consolidation is occurring, fueled by concerns of agents and brokers, an insurance executive said.
Assemblyman Joseph D. Morelle, D-Rochester, who heads the Assembly Insurance Committee, made his remarks here Friday in an address to the Professional Insurance Agents of New York's annual
New York Assemblyman Joseph D. Morelle, D-Rochester, the chairman of the Standing Committee on Insurance, is scheduled to speak at The Professional Insurance Agents of New York State Inc.'s annual
As insurers look to biomechanics as a way to combat insurance fraud, courts are accepting the testimony of biomechanical experts to varying degrees, and one company in New York is seeking to make it
The Professional Insurance Agents of New York State Inc. will host its first Regional Awareness Program (MetroRAP) of 2009 on Jan. 30 at Brooklyn, N.Y.This ...
New York Governor David Paterson has signed into law a bill that prevents insurers from denying claims for injury or property damage based on late notice by the claimant unless the insurer can show th