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Aon Reports Quarterly Profit Drops 43%

propertycasualty360 | October 31, 2008

Aon's net income for the third quarter fell by $87 million, going from $204 million, or 69 cents a share last year, to $117 million, or 43 cents a share. Revenues increased 6 percent, or $98 million,

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Ike Was Very Unusual, Says Modeling Firm

propertycasualty360 | October 31, 2008

Uday Virkud, AIR Worldwide executive vice president, said Ike was "very unique" because it re-gathered strength and did more damage when it joined with another dangerous weather system after being dow

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Greenberg Sees Grim AIG Picture, Urges TARP Program Use

propertycasualty360 | October 31, 2008

Former American International Group chief executive officer Maurice "Hank" Greenberg has called on AIG management to enter the company in the federal bailout program while the company continues to rew

Schinnerer announces enhanced BOP and GL policy endorsements

propertycasualty360 | October 30, 2008

Victor O. Schinnerer & Co. Inc. has announced enhanced endorsements to their business owner's policy (BOP), which were developed to address the needs of architects, engineers, consultants, and interior designers and surveyors who handle

The Last Word: Alleviate U.S. Taxpayer Burdens

propertycasualty360 | October 30, 2008

The U.S. taxpayer faces unprecedented burdens: a $700 billion rescue from the toxic effects of subprime loans, relief from Hurricanes Gustav and Ike, a National Flood Insurance Program nearly $20 billion in arrears,

New Policies

propertycasualty360 | October 30, 2008

AAIS Develops Agricultural General Liability ProgramThe American Assn. of Insurance Services (AAIS) will initiate a countrywide filing of its new Agricultural General Liability Program. The program includes two base forms. The Farm Commercial

Industry IQ: AA&B readers sound off about AIG crisis

propertycasualty360 | October 30, 2008

AA&B readers weighed in on AIG's financial turmoil impact on the industry in a recent online survey. Here are the results:1) Did the Fed do the right thing by providing AIG with an $85 billion bridge

Letters

propertycasualty360 | October 30, 2008

Thank You and GoodbyeSadly on one hand, but happily on another, I have elected not to renew my subscription this year. I am closer to the end of my career than its beginning and believe that someone else should benefit from my free copy of

CPCU opens registration for Annual Meeting and Seminars

propertycasualty360 | October 30, 2008

The Chartered Property Casualty Underwriting (CPCU) is opening its registration for its next Annual Meeting and Seminars--throughout its previous 64-year history, only Society members and their guests had been permitted to register for this

Zurich introduces Better Green

propertycasualty360 | October 30, 2008

Zurich has introduced Better Green, a builders risk green property endorsement that can provide North America insureds with coverage to address some of the loss exposures and expenses unique to green buildings during construction or

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