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NEW ORLEANS--U.S municipalities have not done enough disaster preparedness to be ready for a catastrophe "gorilla," Mitch J. Landrieu, lieutenant governor of Louisiana, told a meeting of claims profess
NEW ORLEANS--Insurance companies handling catastrophes must focus on supporting their claims staff on the ground by educating and cooperating with the media, regulators and other interested parties, a
Longer retirements and declines in retirement incomes as a percent of preretirement earnings will mean less comfortable retirements for many Americans, the Center for Retirement Research at Boston
WASHINGTON--Insurance industry opponents of a proposed national trust fund for asbestos exposure victims remained largely unconvinced today that changes made by the sponsors of the legislation would as
Two major rating agencies revealed details of their latest efforts to revise their capital models this week, with both assuring insurers they evaluate that the changes will not immediately impact rati
Attorney Matthew R. Pearson, in San Antonio, who made the allegation, is involved in the case on behalf of an Allstate investigator who charges he was fired for disobeying an illegal company order to
The former chief financial officer for the Ohio Bureau of Workers' Compensation pleaded guilty today to federal and state charges over payoffs he took from parties who wanted investment contracts from
A pricing decline of 9 percent for umbrella/excess coverage last month was the most dramatic figure in the May MarketScout P&C Barometer, which posted a composite decrease three points lower for all i
Under a bill--effective July 1--signed into law last week by Connecticut Governor M. Jodi Rell, the state will establish a flex-rating system allowing insurers to adjust rates within a six percent rat
The questions--and the $82 billion lack of surplus estimate--came from by Peter Nakada, managing director of Newark, Calif.-based RMS Consulting, who admitted that the figure he spoke of was a "back of
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