In a conference call, Sarah Street, XL Capital executive vice president and CEO, said, "We have clearly felt the pain of the most turbulent credit market in history. However, we believe financial stab

California Insurance Commissioner Steve Poizner has issued proposed emergency regulations to change the system for evaluating insurers' rate filings, saying that the regulations should help keep prope

ASPN is a subsidiary of Aon and operates as a marketing arm for provider companies, including insurance carriers, wholesalers, managing general underwriting and specialty operations, giving independen

Best said the surplus decline was due to a significant increase in nonadmitted intercompany receivable and goodwill resulting from the carrier's intended plan to spin off its financial services compan

"We appear to have passed the reserving high-water mark," he wrote, noting that more than three years of rate decreases plus accelerating medical inflation "could drain redundancies rather quickly goi

"Liberty Mutual and its regional agency companies are 100 percent committed to the system," he said. "We are pleased that they are so committed to the independent agency system and now will be one of

The report said that looking ahead to midyear renewals, the current trends indicate the declines will continue, assuming losses remain low. However, the report cautioned that if predictions of an abov

In announcing the move, Boston-based Liberty Mutual said it will pay $68.25 per share in cash to become the fifth-largest U.S. property-casualty insurer. As of 2007, the combined 2007 direct written p