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The chief executive of Willis Group Holdings is applauding New York State Superintendent of Insurance Eric Dinallo for instituting a rule requiring insurers to have contract certainty in place within
American International Group said yesterday that it has replaced its chief financial officer, will cancel 160 conferences and events, and will seek to recover more than $40 million in payments to two
A spokesman from the catastrophe modeling firm AIR, a subsidiary of the Jersey City, N.J.-based Insurance Services Office Inc., said the research team "does not expect significant insured losses from
Florida Insurance Commissioner Kevin McCarty ordered a reduction of workers' compensation premiums yesterday of 18.6 percent, exceeding the rate reduction of 14.1 percent filed by the insurance indust
WASHINGTON--The economic problems created by credit default swaps for American International Group and other firms is likely to result in federal regulation of the swaps market in general and insurance
The report from the consulting firm Milliman, sponsored by the Property Casualty Insurers Association of America, said that taking into account the fund's current surplus and reinsurance coverage, in
Despite intensified pricing competition, property-casualty companies with conservative investments should be able to perform well during the credit crunch, according to a Bank of America "P-C Industry
Fitch Ratings warned today it is likely to reduce the ratings of European and U.S. insurers and global reinsurers because the global financial meltdown will soon force them to write down the value of
New York State Insurance Superintendent Eric Dinallo has issued a bulletin to insurers advising them to take steps to provide "contract certainty" for coverage agreements, his department announced tod
San Francisco-based Wells Fargo said insurance rose $110 million in the quarter from $329 million last year to $439 million. For the first nine months of the year compared to same period last year, in
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