Commercial Lines

Montpelier Re Holdings Ltd. estimates its third-quarter catastrophe losses will stand at around $60 million before taxes, and along with other carriers, reported cat insurance losses are well over $500 million for the past two weeks.

Its easy to understand why an insurer with a less-sophisticated rate structure might see imitation ratemaking as a convenient solution. But it has many costs and considerable business risks.

Legislation designed to close a tax loophole that benefits property and casualty insurers based offshore has been reintroduced in the House and Senate.

Legislation designed to close a tax loophole that benefits property and casualty insurers based offshore has been reintroduced in the House and Senate.

Holding interest rates low to foster growth is no panacea. One resultant issue is depressed insurer investments, which puts a strain on P&C.

A two-day underwater examination conducted by Transocean and the U.S. Coast Guard (USCG) Oct. 4-5 confirmed that there are no hydrocarbons leaking from the sunken Deepwater Horizon or the riserthe pipe linking the rig to the well head prior to the Macondo accident last year.