A.M. Best Company said it has downgraded the financial strength rating of Scottish Re Group Ltd. insurance subsidiaries, and given them a negative outlook based on declining subprime mortgage investme

The group said its operating results compared with the previous year decreased to EUR5.1 billion ($7.5 billion) due to a significant rise in natural catastrophe losses. The combined ratios remained at a

The insurer said that women respondents were far more likely to rescue personal items, such as photographs or letters (75 percent rated such items as number one). Men, on the other hand, were twice as

Members of the National Conference of Insurance Legislators were unable to bring a resolution in support of a natural catastrophe backstop system to a vote today, and will continue to debate the issue

Rep. Tim Mahoney, D-Fla., told members of the National Conference of Insurance Legislators at their spring meeting here today that the catastrophic risk problem Florida faces is not unique to that sta

While some in the technology community are denouncing the incredible staying power of mainframe computing in insurance, IBM seems to be banking on it. Big Blue recently introduced its latest mainfram

"While mutual insurers should be happy about that strong foundation, stock companies may be particularly pressured to seek profitable revenue growth to maintain an acceptable return on capital. That c

Mr. Liddy has been with Allstate since 1994 and played a key role in the company's initial public offering and spin-off from Sears, Roebuck and Co. in 1995. Mr. Liddy was Allstate's president and chie