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The property and casualty insurance industry is suffering from an unwelcome surprise in its loss portfolio, as areas once perceived to be at low risk for catastrophes are generating costly cat losses, says a Guy Carpenter report.
The property and casualty insurance industry is suffering from an unwelcome surprise in its loss portfolio, as areas once perceived to be at low risk for catastrophes are generating costly cat losses, says a Guy Carpenter report.
It is essential that the Terrorism Risk Insurance Act be extended before it expires at the end of 2014, an official of the Hartford Insurance Group said today before a House Committee.
It is essential that the Terrorism Risk Insurance Act be extended before it expires at the end of 2014, an official of the Hartford Insurance Group said today before a House Committee.
Have you ever picked up a file and scratched your head as to how the adjuster arrived at his or her liability decision? Claims scenarios involving intersection accidents, parking lots, lane changes, slip and falls, or product defects can be fraught with confusion.
U.S. health insurance premiums have climbed faster than wages and inflation this year, and look poised to accelerate in 2013, adding to voter concerns about soaring healthcare costs ahead of November elections for the White House and Congress.
The latest sale of American International Group stock now underway by the U.S. Treasury means that the federal government has now fully recouped its investment in the company and has already made $15.1 billion on its investment, AIG and Treasury officials said last night.
The latest sale of American International Group stock now underway by the U.S. Treasury means that the federal government has now fully recouped its investment in the company and has already made $15.1 billion on its investment, AIG and Treasury officials said last night.
Insurers could be caught up in a fresh regulatory backlash triggered by banking scandals such as the Libor rate-rigging affair, the head of the Lloyd's of London insurance market said.
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