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American International Group Inc.’s $4.1 billion charge to bolster the reserves of its property and casualty unit, Chartis, means AIG will need to raise prices, said William R. Berkley, chief executive officer of W.R. Berkley Corp.
Citing sinkhole losses and higher operating expenses, State Farm Florida asked state regulators Tuesday for a 28 percent premium increase on its homeowners’ policies.
In 2009, natural catastrophes claimed 9,000 lives worldwide and cost insurers $22 billion, even though the year was considered to be a low-loss year compared with previous years.
A greater international focus for businesses, including operations and supply chain, motivated the Vancouver location of the 2011 conference of the Risk and Insurance Management Society’s Annual Conference & Exhibition.
Many agencies are joining forces in agency networks—also called associations, aggregators and marketing groups--to find better rates and get the support they need. Here are some questions to answer before you commit to one.
Claims Channel Editor Christina Bramlet is twittering every day about breaking news and timely topics, not to mention keeping readers up to date on the latest postings to the Claims channel on PropertyCasualty360.com.
President Barack Obama is launching a drive to overhaul state medical malpractice laws and cut down on wasteful tests doctors perform because they fear lawsuits.
President Barack Obama is launching a drive to overhaul state medical malpractice laws and cut down on wasteful tests doctors perform because they fear lawsuits.
Arch Capital Group said its 2010 fourth-quarter net income dropped 20 percent compared to the same period in 2009 in part due to December flooding in Australia.
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