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"By allowing insurance firms to choose between a unified national charter or maintaining operations under existing state regulation, Congress can build upon the success of state guarantee pools and
o Kenneth Allen, who led an arson ring that torched 50 homes to create millions in bogus insurance claims in the Indianapolis and Muncie areas. The gang usually bought low-priced homes and loaded
The Bermuda-based insurer and reinsurer said, "The updated loss estimate is based on increased estimates of industry insured losses of $18 billion to $21 billion, as well as from additional
The Carvill executives including its two chief executive officers will join the unit of Willis Group holdings next week after each discharges their current obligations with Carvill. The new
Property-casualty insurers facing continued market volatility this year must focus on coping with factors such as price stabilization, claims inflation and increased regulation, a consulting firm
Property-casualty insurers facing continued market volatility this year must focus on coping with factors such as price stabilization, claims inflation and increased regulation, a consulting firm said
Reporting its fourth quarter results, the company said its income loss came in at an estimated $1.13 billion compared to net income of $760 during the same period of 2007. This translated into loss
Branchville, N.J.-based insurer Selective Insurance Group reported a 2008 fourth quarter $14.4 million income loss that the company's chief executive blamed on poor investment results during the
Branchville, N.J.-based insurer Selective Insurance Group reported a 2008 fourth quarter $14.4 million income loss that the company's chief executive blamed on poor investment results during the
Recent high-profile scandals, the global financial crisis, and specific EU Solvency II requirements will fuel this growth, according to Chartis. The company believes new requirements will have a
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