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While not issuing an estimate for losses from the storm to oil and gas production fields along the Gulf of Mexico, EQECAT did say it expects 5 percent of production for oil and 5 percent of gas
Aon Corp.'s plan to purchase London-based reinsurance broker Benfield Group Ltd. for some $1.75 billion has drawn mixed reviews from the three major rating agencies, with concerns raised about the
WASHINGTON--The Independent Insurance Agents and Brokers of America has lashed out against a Securities and Exchange Commission proposal to regulate equity indexed annuities and securities as "unwarran
WASHINGTON--The Independent Insurance Agents and Brokers of America has lashed out against a Securities and Exchange Commission proposal to regulate equity indexed annuities and securities as "unwarran
A recent article in Computerworld reports that "U.S. companies are pulling back hard on IT spending as the economic downturn continues." What will happen to the insurance industry with regard to IT bu
The rates that were deemed acceptable Tuesday by the state insurance department reflect the increase in benefits that goes into effect Jan. 1, 2009, said NCCI State Relations Executive Dennis Kokulak.
The Democratic Party has approved a plank in its platform for the coming election that calls for creation of a national catastrophe fund. An advocate for such legislation said the move was a first for
Bruce A. Jefferis, resident managing director, Aon Risk Services, Natural Resources Group, a unit of Chicago-based insurance broker Aon Corp., said, "Underwriters believe that with all of the changes
WASHINGTON--A group of insurance trade groups and companies has urged the leadership of the Senate Banking Committee to act on legislation creating a national program providing awards to local governme
The review found that while the marine market remains predominantly soft, there were double-digit average rate increases seen at the last P&I renewal in February of this year. Willis said it predicts
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