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CHICAGO--Actuaries need to use more forward-looking methods, and auditors should allow some judgmental smoothing of results to avoid large medical malpractice reserve swings, an actuary expert suggeste
The Briarcliff Manor, N.Y.-based firm reported net income in the quarter rose $2.95 million, from $1.89 million, or 3 cents a share, to $4.84 million, or 8 cents a share. Revenues increased more than
However, Thomas Upton, S&P's property-casualty team leader, said that while there is a good feeling in the industry after an easy hurricane season, analysts have a concern that insurer casualty rates
Pierre Ozendo, chief executive officer of Swiss Re Americas division, said that from due diligence before the purchase, his company knew there were some segments where both companies had a presence,
CCC Information Services and SCA Appraisal have signed a letter of intent to develop a Web service interface between SCA and the CCC Autoverse Claims Services Network, allowing the two companies to
The SEC has negotiated the settlement to resolve allegations that three units of Hartford Financial Services Group Inc., based in Hartford, Conn., used fund and variable annuity assets to pay 61 broke
Highline Media, corporate parent of National Underwriter, has been acquired--along with Pfingsten Publishing--by Wind Point Partners, a private equity firm. The two companies will operate under the co
Hamilton, Bermuda-based reinsurer PXRE reported a more than $4 million profit in the third quarter of this year, but is still considering going into runoff unless some alternatives are found that woul
CHICAGO--An insurance regulatory system with a centralized federal regulator overseeing some lines of business, and state regulators maintaining regulatory control of others, was a concept discussed b
OneBeacon, a subsidiary of Hamilton, Bermuda-based White Mountains Insurance Group, Ltd., said the shares will be listed on the New York Stock Exchange and trade under the symbol "OB" beginning Nov. 9
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