New York--Insurers are citing oil companies' windfall profits as a reason to deny their Hurricane Katrina business interruption claims, a policyholder's attorney said today.The ...
Should 2006 prove even more expensive in terms of insured losses than this year, Bermuda insurers may not get another opportunity at recapitalization, said ...
Validus Reinsurance Ltd.==a Bermuda-based startup reinsurer backed by an investment group headed by former Marsh and McLennan Companies Chief Executive Officer Jeffrey Greenberg==announced its ...
A consortium of 20 major U.S. investors, including state and local pension funds, have called on publicly traded insurers to more thoroughly assess and ...
Asbestos Fund A Costly Idea, GAO WarnsWashington--With the Senate considering a proposed asbestos injury fund, the Government Accountability Office is warning lawmakers they should ...
Climate Change Heating Up Issues For InsurersNew York--The impact of global environmental changes on business and people can have far-reaching consequences for the insurance ...
Unlike past storm events, the heaviest impact of Hurricanes Katrina and Rita will be on commercial business, according to a report from Marsh brokerage.The ...
Insurer catastrophe losses exceeding $8.4 billion haven't stopped investors from putting nearly $6 billion of new capital into 14 existing Bermuda companies, according to ...