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The State of Vermont's captive insurance sector reported a strong first half of 2010, licensing 17 new captive insurance companies and surpassing 2009 half-year numbers as the state nears its 900-license milestone, officials said.
While property and casualty premium growth is expected for 2010, it will likely lag real gross domestic product growth rate as commercial lines pricing continues to show softness, according to a new Conning Research & Consulting analysis.
Louisiana insurers that choose to remove policies from the state's last-resort insurer will now have their pick of policies rather than having to take them in a bundle, according to recent legislation.
We recently launched its Facebook business fan page. As part of our launch, we're letting the lid off our exclusive interview with Darryl Willis, claim manager for BP.
The wholesale brokerage unit of Ryan Specialty Group LLC has acquired risk management consulting and insurance brokerage Chartwell Independent Insurance Brokers LLC.
Commercial lines premiums remained under pressure in the 2010 second quarter due to abundant capacity and lower demand, according to the RIMS Benchmark Survey administered by Advisen Ltd.
President Obama has signed financial services reform legislation, setting in motion an intense effort by interested parties to shape the regulations that will implement the bill to their liking.
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.
Despite substantial losses directors and officers and errors and omissions insurers experienced from the financial crisis, ratings actions have been negligible, Moody's Rating Service said.
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