Validus Holdings, Ltd. says fourth-quarter net income available to shareholders fell over 73 percent to $27.3 million as insured losses from catastrophes continued to take their toll.
National Crop Insurance Services (NCIS) says indemnity payments in 2011 surpassed $9 billion for the first time in historyand Moodys Investors Service says this development could put smaller, geographically concentrated insurers at risk.
Anumber of recent reports conclude that commercial-insurance rates were up in 2011s fourth quarter and are likely to remain in positive territory through 2012. But factors such as macro-economic conditions and loss-cost trends will limit insurers ability to generate underwriting profits, and carriers will have to look elsewherefor example, mergers...
The U.S. Supreme Court has decided not to delay the execution of a judgment against Louisiana Citizens Property Insurance Corp. while the last-resort insurer prepares an application for the high court to hear the case.
National Crop Insurance Services says indemnity payments surpassed $9 billion for the first time in history in 2011, and Moodys Investors Service says this development could put smaller, geographically concentrated insurers at risk.
National Crop Insurance Services says indemnity payments surpassed $9 billion for the first time in history in 2011, and Moodys Investors Service says this development could put smaller, geographically concentrated insurers at risk.
A.M. Best has revised its outlook to stable from negative on American International Group, Inc.s bbb issuer credit rating and on Chartis U.S. Insurance Groups A financial strength rating.
In his state of the state address, Florida Governor Rick Scott laid out the case for auto-insurance reforms that would crack down on fraud abuse in the states no-fault system.
Fitch Ratings has placed Old Republic International Corporation's (ORI) A insurer financial strength rating and BBB issuer default rating on Rating Watch Negative due to continued troubles at its mortgage-insurance subsidiary.
Although the global reinsurance industry is coming off a year of near-record-level catastrophes and faces challenges in the coming year, Standard & Poors says it is maintaining a stable outlook on the sector due to surplus capital and strong enterprise risk management capabilities.