News

State insurance regulators and legislators will discuss later this month possible ways of harmonizing rival compacts designed to implement a surplus lines premium tax-sharing mechanism to implement a recent federal reform law.

Severe weather continued throughout the world in July, causing more than a billion dollars in damages, according to Aon Benfield’s monthly catastrophe recap.

AXIS Capital Holdings says second-quarter net income available to common shareholders dropped to $101 million from $205 million in the 2010 second quarter, as catastrophe losses drove the company’s combined ratio to 98.9, compared to 86.2 a year ago.

AXIS Capital Holdings says second-quarter net income available to common shareholders dropped to $101 million from $205 million in the 2010 second quarter, as catastrophe losses drove the company’s combined ratio to 98.9, compared to 86.2 a year ago.

The problem insurance carriers face when they wish to do business with independent agents is that the agents are exactly that: independent.

As Tropical Storm Emily dumps rain on the Dominican Republic and Haiti, the National Oceanic and Atmospheric Administration (NOAA) has raised the number of Atlantic storms it expects this year.