Check out breaking insurance news from our companion site, PropertyCasualty360.com - where agents, brokers, insurers and claims professionals have access to news, research and data, product info, compliance and legal updates, technology developments, industry trends, and more.
American International Groups recapitalization efforts have resulted in the insurance giant nearly halving its debt and preferred equity/total capital ratio to 41.6 percent in 2011 compared to 81.2 percent in 2010, according to a Fitch Ratings Special Report on financial leverage for P&C insurers.
The U.S. P&C industry in 2011 posted its worst combined ratio since 2001and net income dropped more than 45 percent, according to a joint analysis conducted by three industry groups. But a separate report points to more profitable results in Q1 2012.
Insurance agents selling flood-insurance policies will no longer be allowed to cede a portion of their commissions to property owners to induce them to purchase insurancea practice known as insurance rebating.
Customer satisfaction with the auto-insurance claims experience is at its lowest level in three quartersbut consumers may have themselves at least partly to blame.
A scheduled meeting today between Louisiana Citizens Property Insurance Corp. and attorneys for more than 18,500 policyholders owed about $105 million from the last-resort insurer was abruptly canceled.
A scheduled meeting today between Louisiana Citizens Property Insurance Corp. and attorneys for more than 18,500 policyholders owed about $105 million from the last-resort insurer was abruptly canceled.
Winston-Salem, N.C.-based bank BB&T Corp. says its insurance brokerage services net income increased close to 10 percent for the first quarter of this year over the previous year as the markets show continued rate increases.
Winston-Salem, N.C.-based bank BB&T Corp. says its insurance brokerage services net income increased close to 10 percent for the first quarter of this year over the previous year as the markets show continued rate increases.
Non-public property and casualty insurance carriers are reporting continued rate increases as direct premium written increased about 4 percent in 2011 compared to paltry growth of less than 1 percent in 2010, according to a report from SNL Financial.
Get Answers Directly From the FC&S Experts
Submit your coverage interpretation question to the editors of FC&S for quick and reliable information.
FC&S Coverage Insider helps you stay on top of what's happening in the industry, bringing you the latest risk and coverage analyses, discussions, and more.
