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The industry's net income for fourth-quarter 2007 consisted of $16 billion in pretax operating income and $0.8 billion in realized capital gains on investments, less $4.3 billion in federal and foreig
Allstate's release of 150,000 pages of a consultant's controversial report on claims handling does not satisfy Florida insurance regulators who said the company is still fighting to keep reams of docu
Standard & Poor's said its latest models now incorporate lending vehicles that the rating agency never saw before, which led to increased risk exposures by mortgage insurers and the current credit cri
The Mayfield Village, Ohio-based insurer said net income for the month of March dropped 46 percent, or $60 million, to $71 million over the comparative period. Earnings per share were off 7 cents to 1
DALLAS--U.S. underwriters can save money and avoid some litigation problems by committing to the concept of contract certainty, as insurers in the United Kingdom have done, an industry professional adv
DALLAS--While hurricane intensity could likely increase as the Earth warms, the regions in which they form and possibly even the maximum number of storms per season could remain the same, a weather exp
DALLAS--While hurricane intensity could likely increase as the Earth warms, the regions in which they form and possibly even the maximum number of storms per season could remain the same, a weather exp
NEW YORK--When insurers undergo market conduct exams, they should not be overly adversarial, but if problems arise with a contract examiner, they should speak up, a regulator and industry professionals
NEW YORK--When insurers undergo market conduct exams, they should not be overly adversarial, but if problems arise with a contract examiner, they should speak up, a regulator and industry professionals
MGIC was dropped from "double-A-minus" to "A." In addition, Old Republic International Corp. was lowered from "double-A" to "double-A-minus; PMI Group Inc. was cut from "double-A" to "A-minus"; and Ra
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