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Using data supplied by the Insurance Services Office Inc., Meyer Shields of Stifel Nicolaus in Baltimore said in an analyst's note that to counteract a 1 percent annual increase in loss costs, there
MajescoMastek, the U.S. subsidiary of global technology solutions provider Mastek Limited, has introduced its new STG Electronic Bill Payment and Presentment (EBPP) module, which allows carriers to
Pushed up by limited capacity, U.S. property-casualty reinsurance rates for April 1 renewals had increases up to 14 percent for national programs on a risk adjusted basis, a reinsurance brokerage reported.
Ron Wright, the chief operating officer of Texas Mutual Insurance Company since 1997, will become the firm's president and chief executive officer on Sept. 1, the company said.
Property-casualty insurance rate decreases were one point less in March than the previous month, according to tracking by an electronic insurance exchange.
Marsh said today it has appointed Julie S. Boucher as leader of the firm's U.S. Captive Solutions Practice, which currently manages nearly 350 captive insurance companies in seven U.S. domiciles and has 114 employees.
The quake that struck near L'Acquila, Italy killing more than 200 persons and demolishing thousands of buildings is unlikely to inflict a major insurance loss, according to figures from one expert.
A spokesman for the Florida Office of Insurance Regulation said that many insurers have expressed interested in providing coverage for policyholders with suspended home insurer Coral Insurance Co.
An insurance executives' think tank, in advance of the London G-20 meeting last week, wrote to finance leaders advising them that any regulatory moves to fix the economic crisis should recognize the difference between banks and insurers.
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