News

Fitch, which previously moved its rating outlook for most insurance regions and sectors globally to "negative" throughout 2008, said downgrades should be limited to one or two notches in the vast

The firm's statement follows an announcement that Oldwick, N.J.-based A.M. Best rating firm will be probing deeper into companies' data quality to assess their risk management processes and the

Elizabeth Malone, a senior vice president with Wunderlich Securities, Memphis, Tenn., said that despite moves to assert more federal controls, state regulation of insurance is here to stay. She also

The Mayfield, Ohio-based auto insurer reported net income dropped $24 million from $122 million last year to $98 million this year. Net premiums written dropped 4 percent, from $1.27 billion to $1.22

Reinsurers, according to the brokerage, had sought to turn the tide of rate and (ROL) decreases of 10 percent or more over the last several renewals, but the goal of ceding companies was to lower (or

Marsh & McLennan reported net income dropped 6 percent in the fourth quarter, as the firm eliminated close to 3,000 positions in its insurance and consulting segments and continued to cut expenses