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The decline in reserve releases could indicate that the property and casualty market is set for a turn in the cycle that could come as soon as 2012, according to a financial analyst's report.
The Property Casualty Insurers Association of America said the model law proposed by a state regulatory task force to implement the surplus lines modernization law does not support the intent of the federal law.
A former top broker with CRC Insurance Services will not have to pay her former employer more than $3 million awarded to the company by a lower court, according to the California Court of Appeal.
Standard & Poor's said it does not expect rising interest rates to result in ratings changes for property and casualty insurance companies unless they decide to adjust their reserves.
The decline in reserve releases could indicate that the property and casualty market is set for a turn in the cycle that could come as soon as 2012, according to a financial analyst's report.
Chubb & Son said it has appealed an order from Washington State Insurance Commissioner Mike Kreidler, who is looking to stop six Chubb subsidiaries from writing new commercial insurance in the state for nine months...
Robert H. Benmosche, president and CEO of American International Group, predicted that AIG's repayment of a line of credit it has with the Federal Reserve Bank of New York could be complete before the end of this year.
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