News

Fitch Ratings said it has again dropped the financial strength ratings of FGIC Corp. and its financial guaranty insurance subsidiaries, Financial Guaranty Insurance Company and FGIC UK Ltd., to "CCC"

The Richmond, Va.-based insurance brokerage firm reported second-quarter net income compared to last year fell $21 million, or 60 cents a share, to more than $1 million. Revenues increased 5 percent,

The Willis Group Holdings Ltd. insurance brokerage firm reported second quarter net income down 50 percent, thanks to the soft market and higher expenses associated with personnel cutbacks, although o

Insurers are cautiously offering coverage for green building projects, but many carriers remain reluctant to provide this specialized coverage as they continue to evaluate the risks involved, accordin

WASHINGTON--Collapse of the latest discussions at the so-called Doha round of trade talks under the auspices of the World Trade Organization is a "lost opportunity for the world's economy, especially t

NEW YORK--A myriad number of questions surround how insurers and other businesses will go about implementing the upcoming shift to international accounting standards, according to a briefing delivered