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Insured losses from Kyrill are estimated between EUR4 billion and EUR8 billion ($5.2 billion and $10.4 billion). Insurance losses from the U.S. winter storms are currently estimated at more than $250 mill
"Despite increased competitive pressures, our solid 5 percent growth in net premiums written [for the year] continued to outpace industry growth estimates," said Gregory E. Murphy, chairman, president
The 6th U.S. Circuit Court of Appeals in Cincinnati affirmed the judgment of the U.S. District Court for the Western District of Michigan at Lansing that plaintiffs could not establish a private right
"The stronger than anticipated results were driven by $135 million in reserve releases from the company's commercial, specialty and runoff insurance segments, somewhat offset by a slightly higher than
J. Patrick Gallagher Jr., the firm's chairman, president and chief executive officer, said the numbers mean the company is ahead of those who will eventually deal with a new compensation model in the
The U.S. Chamber of Commerce sees the provisions as so irksome it is mounting a full court press against them, marshaling 19 associations representing business and industry into a group calling itself
With disaster losses becoming more frequent and severe, insurers certainly have plenty of incentive to initiate actions that would mitigate against further climate change, says NU Editor In Chief Sam
Despite falling premiums and expanding coverage, buyers have not turned their backs on captives and other alternative risk-transfer options, according to the National Underwriter "State of the Market"
Is the National Association of Insurance Commissioners' accreditation program an infringement of state legislators' turf? And even if it is, since the program to establish regulatory standards has bee
Florida's new governor, Charlie Crist, has signed into law a hodge-podge bill designed to save a devastated property insurance market, but which will no doubt end up doing far more harm than good in
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