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AIR Worldwide in Boston said losses would not exceed $1 billion, as did Oakland, Calif.-based Eqecat, which said its best estimate of the insured losses is around ?50 billion, or $500 million at curr
John Chippindale, president of Integro Canada, said in a statement that the opening of the Vancouver office not only opens markets for the broker in the British Columbia business community but will "e
CNA Financial Corporation said on Friday that it reached a settlement of $250 million with John Hancock Life Insurance Company on Sept. 4 to settle four excess of loss reinsurance treaties issued by C
CNA Financial Corporation said on Friday that it reached a settlement of $250 million with John Hancock Life Insurance Company on Sept. 4 to settle four excess of loss reinsurance treaties issued by C
New York Gov. Eliot Spitzer has created a task force crackdown on an "epidemic" of employers who misclassify employees to avoid providing workers' compensation and other benefits by listing workers as
Peter Grant, director, with Standard & Poor's in London, said that with a combined ratio of 90 percent and persistent discussion of downward pressure on pricing, often in the range of 5 to 10 percent,
Are cat bonds a significant solution for those writing disaster coverage? Can the concept make a dent in the massive exposure facing the industry? Could it help bring down prices for consumers along
Under Louisiana law, there are tough proof requirements for an insurer seeking to use flood exclusion language in a homeowner's policy to avoid paying for a total loss, a state appeals court has
The 5th U.S. Circuit Court of Appeals issued an emergency order barring an effort by the state of Louisiana and plaintiff lawyers to have the state's attorney general sue the Army Corps of Engineers
U.S. District Court Chief Judge Garrett E. Brown Jr. in Newark, N.J., tossed out claims by over three-dozen commercial lines clients that insurance brokers conspired to control and allocate customers
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