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As we enter the hurricane season, it's important to remember that such storms are not the only wind-driven catastrophes threatening communities, businesses and their insurers. Indeed, average annual
Insurance industry and consumer groups remain bitterly at odds over a controversial proposal to collect market conduct data as part of the annual statement process and house it in a centralized data
Listing market pressures for reinsurers that distinguish the current soft market, Elizabeth Mitchell, president of Platinum Underwriters Reinsurance in New York, noted that ceding companies are
A.M. Best said, "The initial ratings reflect SILC's sound business plan, solid risk-adjusted capitalization and its existing relationships with the various parties who will also be involved in the pro
Mr. Ruchman has been a PIANY member since 1978, and served as the association's president in 2004-2005. He currently serves as chairperson of the association's Long Island Advisory Council, and is als
A 6.2 magnitude earthquake hit Iceland yesterday, causing 20 injuries but "fairly light" structural damage, according to information released by the U.S. Geological Survey (USGS) and Risk Management S
Fitch has downgraded the Insurer Financial Strength (IFS) ratings of bond insurer CIFG Guaranty and its affiliates by 11 notches, from 'A-' to 'CCC,' due a greater risk of the company falling below re
David Langdon, vice president with the consulting firm Towers Perrin's reinsurance business out of Hartford, Conn., said that since 2005 insurers have become more prepared for a catastrophic event wit
David Langdon, vice president with the consulting firm Towers Perrin's reinsurance business out of Hartford, Conn., said that since 2005 insurers have become more prepared for a catastrophic event wit
Chicago-based insurance broker Aon Corp.'s London office said the firm has been awarded a license by the Saudi Arabian Monetary Authority (SAMA) in accordance with the provisions of the Kingdom's Insu
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