Al Phillips Insurance Agency, with annualized revenues of approximately $4 million, is a retail insurance agency which serves the general commercial property and casualty insurance needs of a wide ran

The total return on fixed maturity investments, including short-term investments, was estimated at minus two percent for the quarter, compared to a return of minus 0.5 percent for the Lehman Aggregat

The firm said that since both the storm's landfalls were along sparsely populated rural areas, with only a small percentage of properties carrying insurance, AIR "does not expect significant insured l

The insurance industry faces uncharted waters dealing with potential ramifications of the current economic crisis, but one undeniable consequence will be louder outcries for increased regulation,

Premiums for commercial insurance buyers fell by an average of 10 percent in September, with prices thus far not significantly impacted by the federal bailout of AIG or the meltdown in broader

The Federal Reserve Board said last week that it has authorized a transaction to provide American International Group with an additional $37.8 billion on top of the $85 billion line of credit already

Private mortgage insurers have been hit hard by the skyrocketing number of foreclosures over the past two years, but the market was spared the worst of the subprime crisis because many lenders

"Allianz's capital injection is an investment," Tom Marra, Hartford's president and chief operating officer, told NU in a phone interview. "They will have no board seats, no management oversight.