News

A dozen Wall Street analysts are predicting an average combined ratio of 98 for 2006 for the property-casualty insurance industry, but it could be even better, according to the developer of the

Washington--The Congressional Budget Office has released its cost estimate for the legislation that has extended the federal Terrorism Risk Insurance Act, predicting it will cost $1.5 billion over the

Allstate Chairman and Chief Executive Officer Edward Liddy, continuing his campaign for a federal catastrophe fund, told a group of reporters in Washington that his industry lacks the capacity to hand

According to statements they have issued, while major price hikes were achieved for property catastrophe covers, particularly for those carriers with big Gulf exposures, pricing in other lines has rem

However, he noted that decreases in the actual rates charged to employers still fall far short of the commissioner's non-binding recommended rates. The California Workers' Compensation Insurance Ratin

Liberty Mutual Group said yesterday an external review has found the company's exposure to asbestos claims is less than other commercial insurers, and its reserves do not require further strengthening

Despite a published report today that American International Group might have to pay $1.5 billion to settle state and federal charges of civil fraud for inflating financial results, one analyst believ

Mr. Small said it was significant that the increased losses were spread across the three hurricanes, with larger marine and energy losses from Rita, which struck the Houston area, than previously expe