Chairman sees reforms proceeding, but blasts U.S. regulators on collateral

Fort Lauderdale, Fla.--State legislators here started planning for a marketplace without a federal terrorism insurance backstop by asking the nation's regulators to craft a solution without help from W

Fort Lauderdale, Fla.--State legislators here started planning for a marketplace without a federal terrorism insurance backstop by asking the nation's regulators to craft a solution without help from W

Without much comment, NCOIL's Property Casualty Committee approved a resolution Friday at its spring meeting here to work with the National Association of Insurance Commissioners in developing a new c

Standard & Poor's in a report said for the nine months of 2005, p-c insurers lost ground in reserving for the years prior to 2001, experiencing $16 billion in adverse development for that period. The

But, in a letter seeking a Senate floor vote next week, sent to Senate Majority Leader William Frist, R-Tenn., backers of the measure indicated while they can overcome a budget point of order, they ar

Zurich-based Swiss Re in its catastrophe report for 2005, released today, said the recent increase in hurricane losses is linked to a warm phase of "Atlantic multidecadal oscillation" in the North Atl

State Farm said that more than $6 billion in hurricane losses contributed to a 39 percent drop in net income for 2005, the first time it has publicly reported its losses from this past season's hurric