The firm said its business growth required more room. The location at 5284 Adolfo Road houses SAFER Systems' management and administrative offices as well as its marketing, research and development, a

Discussing his firm's findings, Mike Fitzgerald, a senior analyst with Celent, said during a Web seminar today that the survey indicated there is intense competition for agency business among carriers

Battered by declining premium volume, bad weather and steep declines in investment income, the property-casualty insurance sector racked up a third-quarter $9.9 billion net loss, compared with a profi

Standard & Poor's Ratings Services has lowered the financial strength and counterparty credit ratings on XL Capital Ltd.'s core operating companies, citing the Bermuda insurer's diminished underwritin

Ms. Clark developed the first hurricane catastrophe model, and in 1987 founded the first catastrophe modeling company, Applied Insurance Research (AIR) in Boston, which she left last year. AIR was amo

Standard & Poor's said the combination of the credit crunch and a depressed equity market has led it to issue a negative outlook on sectors of the U.S. insurance industry and downgrades for several in

American International Group Inc. announced yesterday it has completed the sale of $39.3 billion in residential mortgage backed securities (RMBS) for $19.9 billion to the Federal Reserve Bank of New Y

As the company explained the transaction, AIG's U.S. life insurance companies sold the RMBS to Maiden Lane II LLC (ML II), a newly formed Delaware LLC in which the Federal Reserve Bank of New York (FR