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By Reuters |
December 5, 2011
China's share of the world insurance market has quadrupled in the last 10 years and is set for further growth, helped by a strong economy and better regulation, reinsurance broker Aon Benfield said.
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By Myles Neligan and Victoria Howley, Reuters |
November 11, 2011
European insurers, on the front line of the region's sovereign debt crisis because of their big exposure to distressed Italian bonds, will be forced to share losses with customers and rely on regulators to be lenient if Italy reneges on its debt.
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By Arthur D. Postal, PropertyCasualty360.com |
November 8, 2011
American International Group, MetLife and Prudential are the three most likely U.S. insurers to be deemed as systemically important enough to be subject to federal as well as state regulation, says Moody’s Investors Service in a report.
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By Reuters |
October 20, 2011
European insurers can withstand more losses on their Greek sovereign debt, as well as potential defaults by Ireland and Portugal, credit rating agency Moody's said on Thursday.
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By Myles Neligan, Reuters |
October 18, 2011
Insurers are seldom fazed by technical complexity or heavy expenditure, yet even they have flinched when confronted with the intricacy and high implementation costs of Solvency II, a set of new capital rules for the European insurance industry.
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By Christopher S. Rugaber, Associated Press, Daniel Wagner, Associated Press |
August 30, 2011
The damage from Irene and other disasters means that property insurance premiums will likely rise across the board into 2012, says one research analyst.
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By CHRISTOPHER S. RUGABER, AP Economics Writer, Daniel Wagner, Associated Press |
August 29, 2011
Tropical Storm Irene's trek up the East Coast caused less damage than many had feared, a bit of reassuring news for a fragile economy.
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By Christina Bramlet, PropertyCasualty360.com |
August 24, 2011
PropertyCasualty360.com’s Claims Channel Editor Christina Bramlet is twittering every day about breaking news and timely topics. Check out the latest claim-related tweets.
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By Phil Gusman, PropertyCasualty360.com |
August 23, 2011
Rating agencies downgraded PMI Mortgage Insurance Co., part of the PMI Group, after the company announced that the Arizona insurance department placed it under regulatory supervision.
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By Phil Gusman, PropertyCasualty360.com |
June 7, 2011
A.M. Best Co. has placed the ratings of Intact Insurance Group and AXA Assurances Inc.--the Quebec-based subsidiary of Paris-based AXA Group--under review following the announcement that Intact will acquire AXA Canada Inc.