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The Democratic Party has approved a plank in its platform for the coming election that calls for creation of a national catastrophe fund. An advocate for such legislation said the move was a first for
Bruce A. Jefferis, resident managing director, Aon Risk Services, Natural Resources Group, a unit of Chicago-based insurance broker Aon Corp., said, "Underwriters believe that with all of the changes
WASHINGTON--A group of insurance trade groups and companies has urged the leadership of the Senate Banking Committee to act on legislation creating a national program providing awards to local governme
The review found that while the marine market remains predominantly soft, there were double-digit average rate increases seen at the last P&I renewal in February of this year. Willis said it predicts
Both Fitch Ratings and Moody's Investors Service issued statements yesterday saying they plan to wait until after the reinsurance deal between FGIC and Armonk, N.Y.-based MBIA Inc. is approved by the
A recent article in Computerworld reports that "U.S. companies are pulling back hard on IT spending as the economic downturn continues." What will happen to the insurance industry with regard to IT
Fitch Ratings has taken a variety of actions on six companies associated with the title insurance industry. The actions include two rating downgrades, three outlook revisions to negative, and one Rati
Fitch Ratings has taken a variety of actions on six companies associated with the title insurance industry. The actions include two rating downgrades, three outlook revisions to negative, and one Rati
Tropical Storm Gustav passed Jamaica and was expected to strengthen to hurricane status. The National Weather Service's National Hurricane Center said chances are the storm could strengthen to a Categ
Investment declines and deteriorating accident-year underwriting results dropped U.S. property-casualty insurers' profits at the half-year mark, but negative impacts were partially offset by favorable
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