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The decrease in revenue was due mainly to a $26 million drop in investment income and the loss of controversial contingent commission income, which amounted to $17 million in the first quarter of 2005
"The sale of IPCRe shares by AIG will not affect IPCRe's capital structure and should provide it with the ability to better manage its capital and afford greater financial flexibility and operational
The study released today by Michael White Associates, a banking consulting firm in Radnor, Pa., and the American Bankers Insurance Association, based in Washington, D.C., said 1,428 bank holding compa
Among those speaking in praise of the measure is Ken Gibson, vice president of the Western region for the American Insurance Association. "What a difference two years and a major reform bill can make.
Insurance agent and broker organizations are expressing concern that attorneys general are thwarting the legislative process by seeking to bar their contingency compensation arrangements through civil
Captive boosters hope the amendment last year to the Captive Insurers Act abolishing the premium tax in favor of a single $5,000 annual fee will help promote the site for companies or groups looking t
U.S. property-casualty insurers are expected to pay an estimated $1.38 billion in insured property losses from seven catastrophe events in the first three months of the year, according to a preliminar
The 2005 hurricanes that smashed Gulf of Mexico oil production and refinery facilities also impacted the energy industry's insurance coverage, causing dramatic rate increases and loss of availability,
The 2005 hurricanes that smashed Gulf of Mexico oil production and refinery facilities also impacted the energy industry's insurance coverage, causing dramatic rate increases and loss of availability,
Attorneys for a Houston engineering firm and State Farm insurance said they will not appeal a Mississippi judge's ruling denying most of their requests to restrict a criminal probe into the handling o
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