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WASHINGTON--Despite claims to the contrary, federal reinsurance of terrorism risk is not working because the government program has crowded out private coverage at the highest tiers, according to a
PCS, a unit of Jersey City, N.J.-based Insurance Services Office, in December 2008 released an updated estimate for insured property damage in all Ike-hit states of $10.655 billion. Swiss Re
David Provost, Vermont's deputy commissioner of captive insurance, said 2008 "was a slower year for captive growth due to economic conditions." He added, "We continue to see interest in forming
David Provost, Vermont's deputy commissioner of captive insurance, said 2008 "was a slower year for captive growth due to economic conditions." He added, "We continue to see interest in forming
WASHINGTON--Two members of the House Financial Services Committee will ask the Obama administration's new Treasury secretary to unilaterally create an Office of Insurance Information within that
Five executives from the insurance brokerage subsidiaries of New York-based services firm Marsh & McLennan Companies and the president of the Insurance Information Institute discussed the state of
The firm said it puts a rate of 0.65 for hurricane activity in the Gulf--a figure representing the mean number of landfalling tropical cyclones in that region for the forthcoming 2009 hurricane
W. Russ Smith, Arbitration Forums president and chief executive officer, said the firm, which describes itself as the nation's largest provider of interinsurance dispute resolution services, handled
American International Group Inc. (AIG) announced that Monika M. Machon will replace Win J. Neuger as AIG's investment chief. Mr. Neuger plans to go with the company's external client asset
New York-based Navigators Group said the specialty insurer has made a decision to move all its energy business to London as a means of controlling the risk associated with the volatile weather
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