Congress will likely move next year to require companies that insure credit default swaps--such as American International Group--to at least partially reserve against potential losses, according to
On Jan. 7, I peered into my crystal ball for the likely Top-10 Property-Casualty Insurance Stories of 2008. Before you check out my actual picks (see this week's cover story, starting on page 11),
NEW YORK--The property-casualty industry is entering an "invisible hard market" as exposures disappear in a contracting economy, which hides the bottom-line benefits of rising prices, the head of
Anyone predicting a top-10 story list for 2008 back in late 2007 would have likely put the passage of federal surplus lines reform on the list. But it didn't make the list simply because it didn't
Not since 2001 has the date of one of the biggest events on the E&S/specialty lines market calendar coincided with what may be a turning point for the market and the property-casualty insurance
Marsh & McLennan started the year with a bang by naming an industry superstar as its new chief executive, who vowed to not only cut costs at the struggling behemoth but to dramatically reshape how
Ignoring a government request that he serve more significant time, a federal judge last week sentenced Ronald E. Ferguson, former chief executive of General Reinsurance Corp., to two years in prison
Despite some grim results for the first nine months of 2008, the property-casualty sector is unlikely to end the year in the red, one of the insurance industry's premier economists and leading
For what is supposedly still a state-regulated business, insurance officials spent an awful lot of time in Washington this past year--and given the circumstances, it looks like that will certainly
Indeed, the headline on NU's April 21 cover remained grim for insurers: "No Light Seen At The End Of The Soft Market Tunnel." The story reported that price-cutting was continuing, with capacity still