News

New York-based Standard & Poor's Ratings Services announced yesterday that it has raised credit and debt ratings for Bermuda-based AXIS Capital and also upped the financial strength ratings of its

Poor investment results, soft pricing, a weak dollar and a near record year for catastrophes sent insurance stock indexes tumbling last year at a greater rate than the Dow Jones Industrial Average, a

Consumer advocates are asking Iowa Insurance Commissioner Susan Voss why she voted against a proposal to relax life insurers' capital and surplus requirements on Jan. 29 and five days later issued a

WASHINGTON--Rep. Barney Frank, D-Mass., chairman of the House Financial Services Committee, said today that he will work with another House committee chairman to draft legislation that would create a

Microsoft announced last week that it will cut 5,000 jobs due to declining sales, but what, if anything, will those layoffs mean to technology in the insurance industry? NU's Ara Trembly weighs in

Executives at PartnerRe said today a 47 percent drop in fourth-quarter 2008 net income was due to actions they took to account for potential losses in credit and surety lines and to revisions in