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"If you have an out-of-control company, but with a terrific capital modeling program, I am not sure how good that can be," he said, speaking at the 18th Annual Executive Conference for the
Edmund Kelly, chairman and chief executive officer of Boston-based Liberty Mutual, ranked "differentiation based on service rather than price" as the second-greatest challenge for insurers during his
Potentially record-setting profits this year for insurers might lead to a slew of problems down the road if it prompts "suicidal" competition and eroding public perception, a top Lloyd's official
Sapiens, a provider of insurance technology solutions, announced the North American release of Sapiens INSIGHT for Billing for property/casualty insurers. The billing module was developed using the
The property-casualty insurance industry is a "cheapskate" when it comes to political expenditures, according to Ernst Csiszar, who--as a former regulator, insurance company head and trade association
Pronouncements by analysts about soft casualty insurance prices are based on inaccurate broker surveys and are overblown, a top insurer told the Annual Executive Conference for the Property-Casualty
Florida Insurance Commissioner Kevin McCarty said he had approved a $163 million regular assessment for insurers filed by Citizens Property Insurance Corporation today to cover the deficit in its high
The company is projecting modeled annualized insurance losses for the Gulf Coast, Florida, and the Southeast that are 40 percent higher, on average, than losses derived using long-term 1900-2006 hist
A work plan developed by actuaries to help reach a long-term solution for regulators' fiscal evaluation of insurers' hybrid securities was roundly criticized by insurers and Wall Street representative
The rating firm said pricing for renewals at the beginning of this year did not reflect new catastrophe models that were released showing greater potential losses from storms and were not priced in th
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