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European insurers may expect to see increasing legal defense costs as pressure mounts to allow more securities class actions and other forms of litigation that have proliferated in the United States,
Hub International Ltd. said it has acquired Fredricksen Insurance Services, a Hemet, Calif.-based wholesale brokerage that deals primarily in equine and agriculture related risks. Financial terms were
MONTE CARLO, MONACO--Rising sea levels and changing weather patterns could mean insurance losses for high risk properties in coastal areas could double by 2030 unless protection measures are taken, a n
The company said Mr. Rosengarten, a Goldman Sachs managing director, will join XL on Sept. 15 where he will be responsible for ensuring the efficient identification, assessment, monitoring and reporti
Catastrophe modelers say Tropical Storm Hanna should not be a significant insurance loss event for the industry as attention turns to Hurricane Ike that is predicted to hit the U.S. Gulf Coast by this
New York-based Magna Carta Companies insurance group announced today that the firm has entered into an agreement to assume the commercial lines book of business of Palisades Property and Casualty Insu
The Oldwick, N.J.-based firm said the "tremendous" negative impact of those events resulted in a 2007 industrywide combined ratio of 141.3, as compared with the five-year average of 87.7 and the ten-y
Overall p-c composite rates declined 10 percent in August, the Dallas-based online insurance exchange reported. This figure compares to an overall 11 percent decline in June and July MarketScout repor
A spokesman for Maurice Greenberg, American International Group's former chairman, said there would be no comment on a report his attorneys were in settlement talks concerning civil fraud charges by N
A new book on the subject of offshore outsourcing suggests that, "The insurance industry, which has lagged behind others in outsourcing business and technology processes abroad, is now the fastest gro
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