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The London-based insurance brokerage firm reported net income dropped $48 million in the fourth quarter, going from $108 million, or 65 cents a share, to $60 million, or 38 cents a share. Revenues dec
Supreme Court Justice Herman Cahn permanently enjoined Starr Technical Risks Agency, Inc., part of C.V. Starr, from interfering with current business relationships between American International Group
The administration's position was made known in the wake of last night's 98-1 vote to approve debate on the measure, a tally signaling it has gained enough momentum to have a good chance of passing t
Underwriting results for 2005, S&P said, are expected to be strong based on nine-month figures and will continue to be strong through 2006, driven by the reduction of loss trends resulting from multip
New York--The head of a brokerage formed in the wake of New York Attorney General Eliot Spitzer's probe of the insurance business told an industry meeting yesterday that official scrutiny has left the
The Bermuda-based insurer and reinsurer said its fourth-quarter net loss amounted to of $5.51 per share, compared with net income of $288 million, or $2.07 per share, for the quarter ended Dec. 31, 20
A report issued by Cornerstone Research said the total value of cases settled during 2005 grew to an all-time high of $3.5 billion, surpassing last year's figure of $2.9 billion by more than 17 percen
"With the increasingly conservative view taken by ratings agencies and forthcoming catastrophe model changes, one can question whether the industry's capitalization at the start of the 2005 season wil
Applied, a privately held company, provides business insurance for a wide range of companies with a focus on crafting workers' compensation and business service policies for small and medium-sized ent
The fourth-quarter figures represent $313.9 million net negative impact from company losses last October after Hurricane Wilma hit Florida creating an unusual amount of inland and urban insured losses
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