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The Hamilton, Bermuda-based insurers says second-quarter gross written premiums were up 39 percent, primarily driven by a large Florida quota share reinsurance contract.
Seven non-life insurance companies became insolvent in the second quarter of 2013--two more than the number of liquidations in 2012, shows a report by the National Conference of Insurance Guaranty Funds.
Seven non-life insurance companies became insolvent in the second quarter of 2013--two more than the number of liquidations in 2012, shows a report by the National Conference of Insurance Guaranty Funds.
The market for non-life insurance linked securities reached $2.2 billion for the second quarter of this year, bringing the first-half 2013 total to $3.8 billion after a historically strong first quarter, a new report says.
W.R. Berkley Corp. achieved average rate increases of 6.5 percent on renewed policies during the second quarter and its CEO says nothing stands in the way of more increases throughout the rest of 2013.
The Texas roller coaster from which a woman fell to her death last week wont reopen until the Texas Department of Insurance slaps a compliance sticker on it once again.
The Texas roller coaster from which a woman fell to her death last week wont reopen until the Texas Department of Insurance slaps a compliance sticker on it once again.
Travelers Cos. Inc. said it would cut jobs and reduce prices of auto insurance, steps investors took as an indication that rates had risen too far and competition was increasing.
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