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The company also this morning announced an agreement with New York, Connecticut and Illinois state officials that will see it pay $153 million for restitution to excess casualty policyholders as well
Reinsurers, Fitch said, could be partially protected with a diversified book of business both in non-life and life products, as well as by country. However, Fitch added, there is limited geographic di
A panel of insurance industry leaders will give young agents their insights on critical issues affecting the future of the independent agency system at the Independent Insurance Agents & Brokers of Am
He and other participants at the roundtable session on construction safety and drug abuse reinforced previous findings by government researchers that there is widespread drug abuse in the construction
Senate Bill 435 passed the Senate on a vote of 32-18 in early December and was approved in the House by a 118-81 margin earlier this month. It would have eliminated joint and several liability in case
Despite a number of terrorism incidents around the world, and the worst year on record for natural disasters, international property rates continue their slide, except in the United States, according
Bermuda's reinsurers--following losses of $11.3 billion from Hurricanes Katrina, Rita and Wilma--registered a total 2005 net loss of $2.8 billion compared with a profit the previous year of $5.5 billi
Founded in 1930 in the midst of the Depression by William K. McGowan Sr., the agency of 25 professionals serves a wide range of clients working with multinational companies, financial institutions, ha
The U.S. Chamber of Commerce announced today that it found West Virginia, Louisiana, Illinois, California and Texas were among the worst states for legal fairness, while Mississippi is improving after
St. Paul Travelers Companies, after initially refusing comment, has denied it is in merger talks with Zurich Financial Services Group. The St. Paul, Minn.-based company issued a statement denying
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