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Unlike static factor-based models, dynamic models--such as the one Fitch will use to rate insurers and reinsurers--assess the ability of companies to withstand multiple stresses to underwriting and
The company said that while day-to-day Willis Re leadership passes directly to Mr. Hearn as CEO, Mr. Millwater will remain involved in the growth of the global re-insurance business while working on t
"We were not aware of that Allstate adjuster situation," said TDI's Jerry Hagins, responding to a National Underwriter inquiry to the department. However, he added, "at the time of this incident [1996
The legislative approval of Richard Bell, Gov. George Pataki's nomination for New York State Workers' Compensation Board chairman, is part of a backlog of appointees whose confirmation may be intentio
Defense attorneys defending companies hit with a multi-district class action over asbestos exposure injuries have asked a federal court to throw out diagnoses and any testimony from several doctors wh
World Trade Center developer Larry Silverstein cannot force insurance companies to pay his legal fees related to litigation stemming from the Sept. 11 attacks, a Manhattan federal judge ruled yesterda
World Trade Center developer Larry Silverstein cannot force insurance companies to pay his legal fees related to litigation stemming from the Sept. 11 attacks, a Manhattan federal judge ruled yesterda
Representatives from seven insurance industry and consumer groups are set to testify Monday at a New Jersey Senate hearing on the controversial topic of whether job status and education should be a fa
The rating action followed another downgrade in early March after the carrier announced a significant fourth-quarter net loss. Most of Quanta's insurance and reinsurance operations have been placed in
Under Senate Bill 297, approved by the Michigan legislature, motorcycle riders over age 21 will not be obligated to wear a helmet. Younger riders would still be required to have that protection in pla
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