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"The end of the soft market in insurance has arrived," Evan Greenberg, chairman and CEO of ACE Limited, declared this morning during an earnings conference call, also announcing a 92 percent drop in t
Insurer W.R. Berkley reported a net loss of $28 million for the third quarter of this year, continuing a trend among insurers seeing losses from the combination of catastrophe claims and investments g
Insurer W.R. Berkley reported a net loss of $28 million for the third quarter of this year, continuing a trend among insurers seeing losses from the combination of catastrophe claims and investments g
Arthur J. Gallagher reported that third-quarter net income dropped 27 percent thanks to soft market pressures, but the insurance broker's chief executive said the firm performed well in spite of the c
SCOTTSDALE, Ariz.--The Property Casualty Insurers Association of America's (PCI) political action committee fund currently totals nearly $370,000 with a goal of collecting $401,500 this year, members w
While there is plenty of blame to go around for the ongoing financial meltdown, two prime causes were unregulated insurance transactions by AIG in the form of credit default swaps, and a negligent
In a statement today, the St. Paul, Minn.-based insurer said it has sent a letter to Treasury Secretary Henry Paulson saying it does not require or intend to request any financial assistance from the
Alamo Auto Insurance expands Confie Seguros' presence beyond its base in California. The company said it is continuing its pace toward building the leading national insurance distribution company focu
Bermuda-based insurer and reinsurer AXIS Capital Holdings Limited has reported a 2008 third-quarter net loss of $249 million, or $1.79 per diluted common share, compared to a third-quarter 2007 net in
Main Street independent agents and brokers will soon face a major competitor, after the world's largest insurance broker announced it will pursue the producer's bread and butter: the small commercial
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