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The property and casualty industry faces an ongoing soft market, uncertain regulatory landscape, and possible health care reform impacts in 2010, an Ernst & Young outlook said.
The New York Insurance Department has taken disciplinary action against Chartis Claims Inc., imposing a $495,000 fine on the property and casualty claim unit for licensing infractions.
UnitedHealthcare's Golden Rule Insurance Co. has joined with the National National Association for the Self-Employed to offer personal health insurance options to the self-employed in Florida and 19 other states.
ACE Ltd. said its ACE Arabia Cooperative Insurance Co. has been granted a license by the Saudi Arabian Monetary Agency (SAMA) to conduct insurance business in the Kingdom of Saudi Arabia.
Zenith National Insurance Corp. announced Janet Frank will become the new president and chief operating officer of its principal operating subsidiary, Zenith Insurance Company, on March 15.
The magnitude 7.0 earthquake that caused catastrophic death and destruction in Haiti created hundreds of millions in economic damage, but insurance coverage for losses is minimal, according to modeling firms.
With capacity high, commercial insurance buyers saw premium prices continue to tumble in the fourth quarter, with few signs that the soft pricing cycle is near an end, according to the RIMS Benchmark Survey.
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The magnitude 7.0 earthquake that caused catastrophic death and destruction in Haiti created hundreds of millions in economic damage, but insurance coverage for losses is minimal, according to modeling firms.
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