Many of the factors that need to be in place for a property and casualty market turn are notat least not to cause the type of sharp turn toward a robust hard market, says economist Robert Hartwig.
Hurricane Rina has weakened to a Category 1 storm and is expected to weaken further over the next two days, contrary to earlier forecasts that had the storm strengthening to a Category 3 storm.
Catastrophe modeler AIR Worldwide puts estimated insured losses from the magnitude 7.2 earthquake in eastern Turkey at between $55 million and $170 million, lower than the $100 million to $200 million estimate released yesterday by Eqecat.
In the wake of the first congressional testimony of Michael McRaith, director of the new Federal Insurance Office, officials of the National Association of Mutual Insurance Companies say he appears to have an understanding of the role the new agency is to fulfill.
In the wake of the first congressional testimony of Michael McRaith, director of the new Federal Insurance Office, officials of the National Association of Mutual Insurance Companies say he appears to have an understanding of the role the new agency is to fulfill.
The Hartford has appointed Robert Rupp as executive vice president and chief risk officer, reporting to Liam E. McGee, the companys chairman, president and chief executive officer.
The Hartford has appointed Robert Rupp as executive vice president and chief risk officer, reporting to Liam E. McGee, the companys chairman, president and chief executive officer.
Hurricane Irene is primarily to blame for $34.6 million in pretax catastrophe losses during the third quarter for HCC Insurance Holdings Inc., and the insurer also expects a pretax net increase to loss reserves of $27.5 million.