The organization said American Insurance Association Vice President Cecil Pearce will lead the Financial Security Council, a group that plans to provide "an opportunity for business leaders across the

In addition, Chubb's reputation for stricter underwriting should lead to greater stability through the soft cycle, according to his analysis. "Brokers we have spoken with have suggested that Chubb, mo

WASHINGTON--Legislation extending the Terrorism Risk Insurance Act for 10 years cleared its first key hurdle late yesterday when a House Financial Services Subcommittee approved it and sent it to the f

Everest Re reported a slight drop in second-quarter operating earnings yesterday, with catastrophe losses of $70.4 million from storms and flooding in Australia and England contributing to the decline

William R. Berkley, the company's chairman and chief executive officer, said, however, that the quarter saw some "lunatic" foreign competitors start to behave in a manner that may shorten the cycle,

Everest Re reported a slight drop in second-quarter operating earnings yesterday, with catastrophe losses of $70.4 million from storms and flooding in Australia and England contributing to the decline

The company's chairman and chief executive officer, William R. Berkley, however, said the quarter saw some "lunatic" foreign competitors start to behave in a manner that may shorten the cycle, making

WASHINGTON--One of the five Federal Trade Commission members has filed a dissent from the agency's study of insurance industry credit scoring use, which concluded it is an "effective predictor" of risk