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Increasing property values in high risk areas have given rise to potential insured losses of over $150 billion in the wake of a major earthquake or hurricane, according to AIR Worldwide President and
The tropical storm came ashore around mid-afternoon east of Tallahassee, Fla., on Tuesday, according to the National Hurricane Center. The NHC downgraded its warnings to tropical storm status from hur
MMC said Mr. Spiller, 50, who is currently president of Guy Carpenter, will assume his new post on July 1. He will report directly to Michael G. Cherkasky, president and CEO of MMC. Mr. Spiller will a
NEW ORLEANS--The bad attitude of claims personnel in handling policyholders impacted by Hurricane Katrina could generate a mass of litigation costing insurers billions, warned one expert who teaches pr
Reacting to the news that Swiss Re completed its acquisition of GE Insurance Solutions Corp., Standard & Poor's lowered Swiss Re's financial strength rating, while three other rating agencies expresse
Swiss Re's announcement that it completed its acquisition of GE Insurance Solutions prompted three rating agencies to say they have more work to do and anticipate resolving outstanding watches within
Sunday's vote culminated more than six months of debate following last year's record insured storm losses and looks at new mitigation incentives, as well as state and federal catastrophe funds, to hel
Sunday's vote culminated more than six months of debate following last year's record insured storm losses and looks at new mitigation incentives, as well as state and federal catastrophe funds, to hel
WASHINGTON, D.C.--Recommendations for rate regulation reform were found wanting during a meeting of a working group on the subject at the National Association of Insurance Commissioner's summer meeting
WASHINGTON, D.C.--Opponents of the new financial reporting requirements for mutual companies approved at the National Association of Insurance Commissioners summer meeting here said the measure will fa
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