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Both Fitch Ratings and Moody's Investors Service issued statements yesterday saying they plan to wait until after the reinsurance deal between FGIC and Armonk, N.Y.-based MBIA Inc. is approved by the
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
Fitch Ratings has taken a variety of actions on six companies associated with the title insurance industry. The actions include two rating downgrades, three outlook revisions to negative, and one Rati
Fitch Ratings has taken a variety of actions on six companies associated with the title insurance industry. The actions include two rating downgrades, three outlook revisions to negative, and one Rati
Tropical Storm Gustav passed Jamaica and was expected to strengthen to hurricane status. The National Weather Service's National Hurricane Center said chances are the storm could strengthen to a Categ
Investment declines and deteriorating accident-year underwriting results dropped U.S. property-casualty insurers' profits at the half-year mark, but negative impacts were partially offset by favorable
The operation, with annual revenues of over EUR40 million (U.S. $59 million at the current exchange rate), employs 320 persons and has offices in Dublin, Limerick and Cork. The broker recently relocated
The operation, with annual revenues of over EUR40 million (U.S. $59 million at the current exchange rate), employs 320 persons and has offices in Dublin, Limerick and Cork. The broker recently relocated
The Risk and Insurance Management Society said it is holding a webinar with the Federal Emergency Management Agency to address and clarify the Federal Emergency Management Agency's new policy on reimb
Under the regulation, if a policyholder opts for "Pay-drive" usage based insurance, their carrier could verify mileage by installing an electronic monitoring device in the vehicle. The insurer could c
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