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Legislation at the end of 2005, which extended the Terrorism Risk Insurance Act until 2007, included a mandate for the President's Working Group, which operates within the Treasury Department, to exam
"Outside of these key distress areas, however, as with Jan. 1 renewals, market capacity remains adequate with muted price movements and strong balance sheets enabling primary companies to retain more
The question was raised by Ellen Vinck, RIMS president and vice president, risk management & benefits with BAE Systems Ship Repair, at a leadership panel at the annual Risk and Insurance Management So
HONOLULU--Spending for loss control services increased or remained flat for most organizations in the past year, while money spent was up from 2003 in areas such as disaster preparedness and catastroph
David Small with Bear Stearns wrote that lower written premium numbers suggest the company is having a difficult time identifying areas for growth as it repositions its book from riskier lines of busi
WASHINGTON--The Council of Insurance Agents and Brokers has written federal officials examining the terrorism insurance marketplace that any long-term solution to the problem of underwriting terrorism
Everest Re Group reported that, despite previously unrevealed additional after-tax losses of $50 million from last year's hurricanes, it had first-quarter net income of $168.4 million, a slight boost
HONOLULU--Risk managers face an ongoing battle to make sure their brokers and carriers offer more than lip service in terms of improved service and transparency, leaders of the top commercial buyers gr
Bermuda-based ACE Ltd. has agreed to pay $80 million in restitution and penalties to settle charges of rigging bids on excess casualty insurance and arranging improper "finite reinsurance" transaction
COSS Development Corp. has partnered with CrailHuntly LLC as the exclusive provider to Combosurance of multicarrier composite and single-carrier compliant sales illustrations. Combosurance enables
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