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Insurers' uncertainty over future performance of their loss-riddled investment portfolios will increase their demand for underwriting profits to meet earnings objectives, a rating service said.
Insurance rate reductions for the transportation industry are decreasing, on average, between 1 and 10 percent for the second quarter, and small increases are being seen, according to a brokerage firm's poll.
Language in a $30 million Lloyd's policy does not exempt the insurer from lost revenue claims from Taco Bell restaurant owners after a 2006 E. coli outbreak, a New Jersey Court has ruled.
Combine a generous amount of alcohol with exotic entertainment, shake it up and what do you get--at least as far as the insurance industry is concerned? The answer is the unique risks served up at bars, nightclubs and some restaurants across the country
Derick White's "Top-10" list, part of a session at the VCIA annual conference earlier this month, had the audience chuckling and ended the conference on a light note. Check it out at www.NoRiskZone.com .
Louisiana's state-backed homeowners insurer has secured permission to appeal a $95 million judgment against it over Hurricane Katrina claims without having to post a bond in that amount.
A Moody's Investors Service study finds the property and casualty insurance industry's investment portfolio well positioned for future success especially compared to other financial services sectors.
On the 17th anniversary of Hurricane Andrew, a Florida insurers association produced an appraisal of the condition of the state's catastrophe insurance market.
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