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Industry trade associations have joined together in filing a "friend of the court" brief with the Florida Supreme Court in support of United Automobile Insurance Company's request
Claims Magazine is twittering every day about breaking news and timely topics--not to mention keeping readers up to date on what's being posted on claimsmag.com.
The soft market is expected to continue unabated into 2011, but there are signs that insurers are beginning to hedge risks and become more circumspect about those that they accept, according to a group of experts.
Swiss Re said it has secured $106.5 million in coverage for natural catastrophe events for a three-year period through a catastrophe bond program placement.
The National Insurance Crime Bureau (NICB) said referrals from member companies to investigate questionable claims through the third quarter were up 12 percent compared to last year.
U.S. federal securities class-action filings picked up in the 2010 second half, and filings are now on pace to exceed last year's total, according to NERA Economic Consulting.
The protection and indemnity insurance market bounced back this year, up from negative earnings a year ago, thanks to the improved investment picture, but claims are eating into underwriting earnings.
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