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State Attorney General Richard Blumenthal said in a statement that the firm had acted as ringleader "in choreographing the reinsurance market to fix prices, stifle competitors and collect excessive pr
State Attorney General Richard Blumenthal said in a statement that the firm had acted as ringleader "in choreographing the reinsurance market to fix prices, stifle competitors and collect excessive pr
"Unless there is a gargantuan catastrophe or series of catastrophes, the soft market is going to continue to go on its path for quite a while to come, until the losses start to eat into surplus," said
IBHS is a national nonprofit association funded by the insurance industry that works to reduce social and economic effects of natural disasters and other property loss events by conducting research an
The Boston-based catastrophe risk modeling company said Krosa, which arrived with sustained winds of 115 mph, had damaged roofs, blown down billboards and awnings, and uprooted trees across northern T
NICB said 1,192,809 motor vehicles were reported stolen in 2006, which is 42,417 fewer than in 2005. Using the FBI's average valuation of $6,649 per stolen vehicle, NICB calculated that this amounts t
The total cost of bodily injury claims paid by U.K. auto insurers has significantly outstripped inflation over the past decade, rising at 9.5 percent a year between 1996 and 2006--more than double the
FAME is the charitable foundation of The Council of Insurance Agents & Brokers, which made the announcement yesterday during the 94th annual Insurance Leadership Forum held this week in White Sulphur
FAME is the charitable foundation of The Council of Insurance Agents & Brokers, which made the announcement yesterday during the 94th annual Insurance Leadership Forum held this week in White Sulphur
WHITE SULPHUR SPRINGS, W.Va.--The current insurance industry price decline will not disrupt the sector the way catastrophes have in the past, predicts Charles M. Kavitsky, Fireman's Fund chief executiv
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