U.S. property-casualty insurers will likely pay around $11.5 billion to homeowners and businesses due to third-quarter property losses from catastrophes, ISO's Property Claim Services Unit (PCS) said.

The insurance financial strength of "B1" of FGIC's subsidiaries, including Financial Guaranty Insurance Company and FGIC UK Ltd., was placed under review because Moody's said it expects additional str

Mr. DeSantis joined the New York-based insurer in 1986 and has held several management and executive positions in the AIG personal lines companies, including president of AIG marketing for AIG's direc

Mr. DeSantis joined the New York-based insurer in 1986 and has held several management and executive positions in the AIG personal lines companies, including president of AIG marketing for AIG's direc

SCOTTSDALE, Ariz.--The leadership of the Property Casualty Insurers Association of America (PCI), at their meeting here on Sunday, said they are well positioned strategically and financially to press

While it remains to be seen how the National Association of Insurance Commissioners might go about launching its own, independent insurer rating agency, the idea should not be dismissed out of hand,

Mr. Reilly was praised by Summit officials as a pioneer in using private equity capital to finance mergers and acquisitions in magazine publishing. Indeed, in one of the first private-equity-backed

The idea was discussed prior to the fall NAIC meeting last month, and then floated before the NAIC's executive committee, according to Mr. Sevigny. Subsequently, eight commissioners have been looking