An analyst's report sent American International Group's stock tumbling downward today as the analyst said the company will have an $11 billion reserve deficiency by the end of this year.
A lack of regulation is contributing to a crisis that will ultimately spill over into the directors and officer liability world--global warming, predicts a leading plaintiff attorney.
Did the availability of directors and officers liability insurance products contribute to the credit crisis fueled by investment firms that securitized subprime mortgages and other debt obligations?
Insurers may have contributed to the credit crisis, because misbehaving company management increasingly believes their liability insurance policies protect them, a lawyer suggested at an industry conference last week.
ACE Private Risk Services, part of the ACE Group of Companies, announced a specialized personal umbrella policy with up to $100 million in limits for high-net-worth customers in early March, to sit above their homeowners and auto policies.
With the prospect of nearly $2 billion in professional liability claim payments looming from the litigation fallout of a Ponzi scheme orchestrated by Bernard Madoff, directors and officers insurers
Back in 1976 while editor of The Claimsman, the monthly newsletter of the South Florida Claims Association, I pitched the idea of a "George Bureau" in one of my editorials.
With the looming prospect of nearly $2 billion in professional liability claim payments, fallout of an alleged Ponzi scheme orchestrated by Bernard Madoff, insurers will likely embark on more careful
Standard & Poor's Ratings Services has affirmed American International Group's financial ratings, saying the insurer's ability to raise money to replace capital lost in the previous two quarters excee
With multibillion-dollar estimates of professional liability losses related to the credit crisis proliferating, insurers heard more bad news, as experts said recent pro-defendant Supreme Court