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"The capital model itself does not define a rating," said Grace Osborne, managing director of North American insurance ratings for S&P, detailing changes to the structure of the S&P's methodology and
WASHINGTON--Sen. Chris Dodd, D-Conn., said today he wants prompt action on a permanent solution to insuring terrorism risk, rather than merely extending the temporary federal reinsurance backstop due t
Paramus, N.J.-based Preserver is a privately held company that specializes in small commercial and personal lines insurance in the Northeast. The company offers similar products and has a similar risk
U.S. District Court Judge Mary L. Cooper in Trenton, N.J. issued a summary judgment last week on behalf of the online dispute resolution firm Cybersettle, Inc., in White Plains, N.Y., which brought it
Fitch Ratings today warned insurers against "ill-conceived diversification" of business lines and territories undertaken solely to produce better scores in rating agency capital models, suggesting tha
The Alexandria, Va.-based association's National Legislative Conference and Convention is set to run April 25-29, 2007 and will include an in-depth issues briefing session, speakers, workshops, a sile
The report found that despite some captive activity in China, none of its 20 G500 companies have a captive. Asian companies that have set up captives may increasingly look to Asian domiciles to establ
Carriers that don't employ sophisticated analytics and underwriting models with unlimited numbers of variables could be extinguished by their competition, a key insurance executive told an industry co
"New York City is committed to preventing [insurance] fraud from occurring in any shape or form. We are proud to join with the New York Alliance Against Insurance Fraud (NYAAIF) as it continues to edu
Title insurers have been under increasing scrutiny since investigations in several states have uncovered what officials said were entrenched systems where title companies used illegal incentives and i
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