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USAA in its annual report said net income declined by 77 percent or $1.443 billion last year, but the insurer noted it had an increase in net worth by 1.4 percent, to $14.6 billion from $14.4 billon in 2007.
Insured losses from Monday's killer earthquake in Italy are likely to range between EUR200 million ($265 million) and EUR400 million ($530 million), a catastrophe modeling firm estimated.
The Public Entity Risk Institute (PERI), said it has released a revised and updated version of "Characteristics of Effective Emergency Management Organizational Structures."
The forecast team of William Gray and lead forecaster Phil Klotzbach based their prediction on the potential for a weak El Nino ocean atmospheric event and an observed cooling of tropical Atlantic
NU Assistant Managing Editor Caroline McDonald's difficulties refinancing her home began an (ongoing) odyssey with nit-picking bank underwriters. She wonders what risk managers must be going through in these trying times.
The Colorado State University forecast team said today that the chance of a major hurricane hitting U.S. shores is better than 50 percent this year during a generally moderate hurricane season.
Using data supplied by the Insurance Services Office Inc., Meyer Shields of Stifel Nicolaus in Baltimore said in an analyst's note that to counteract a 1 percent annual increase in loss costs, there
MajescoMastek, the U.S. subsidiary of global technology solutions provider Mastek Limited, has introduced its new STG Electronic Bill Payment and Presentment (EBPP) module, which allows carriers to
Pushed up by limited capacity, U.S. property-casualty reinsurance rates for April 1 renewals had increases up to 14 percent for national programs on a risk adjusted basis, a reinsurance brokerage reported.
Ron Wright, the chief operating officer of Texas Mutual Insurance Company since 1997, will become the firm's president and chief executive officer on Sept. 1, the company said.
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