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State Farm Fire and Casualty's proposed class-action settlement for Mississippi coastal residents with Hurricane Katrina claims would mean a payoff for 36,000 property owners, the company said in cour
On a 100-point scale, the index climbed to 74.9, up 0.7 percent from the previous quarter and almost 2 percent from the previous year, according to the university. The p-c industry came in with a 78 o
As pricing competition accelerates and margins decrease, improvements in combined ratios remain problematic, and so-called "cookie jar" (held in reserve) releases will help boost earnings per share an
Those figures represent a decline of 15 percent in the company's worldwide reinsurance business compared with the fourth quarter of 2005, along with a 7.3 percent decline in specialty insurance busine
Developed by the New York-based International Institute for Conflict Prevention and Resolution, the new protocol, it was explained, provides a framework for mediating insurer-reinsurer disputes that c
NU's Tech Guru, Ara Trembly notes that a recent news item reveals that an Indian outsourcer doing business in the insurance industry is now in talks with Boeing and Lockheed Martin for pieces of the d
Cincinnati-based American Financial Group Inc. announced late yesterday that it has proposed to buy out its partially owned subsidiary, Great American Financial Resources Inc.--a writer of life and ann
With disaster losses becoming more frequent and severe, insurers certainly have plenty of incentive to initiate actions that would mitigate against further climate change, says NU Editor In Chief Sam
ChoicePoint announced its Insurity business has enhanced its Policy Decisions policy administration product line for property/casualty insurance with the addition of Quick Quote. Policy Decisions
In today's blog entry, NU Editor In Chief Sam Friedman asks readers to weigh in on the insurance industry's worst nightmare--repeal of its longtime exemption from federal antitrust laws. What would
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