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William R. Berkley, the company's chairman and chief executive officer, said, however, that the quarter saw some "lunatic" foreign competitors start to behave in a manner that may shorten the cycle,

Everest Re reported a slight drop in second-quarter operating earnings yesterday, with catastrophe losses of $70.4 million from storms and flooding in Australia and England contributing to the decline

The company's chairman and chief executive officer, William R. Berkley, however, said the quarter saw some "lunatic" foreign competitors start to behave in a manner that may shorten the cycle, making

WASHINGTON--One of the five Federal Trade Commission members has filed a dissent from the agency's study of insurance industry credit scoring use, which concluded it is an "effective predictor" of risk

WASHINGTON--Efforts to pass legislation extending the federal backstop for insurers' losses after major terrorist attacks will not be hampered by language in a recently introduced house bill, insur

Rep. Melissa Bean, D-Ill., and Rep. Ed Royce, R-Calif., introduced the bill. They said they had won a commitment from the Democratic leadership of the House Financial Services Committee to hold hearin