In 1992, the financial fallout from Hurricane Andrew made it clear to insurers and regulators that natural disasters have a significant impact on the industry's ability to diversify and contain
The flood damage cost "was mostly absorbed by the U.K. insurance industry, with only a relatively small proportion of the losses ceded to reinsurers," said Dickie Whitaker, Guy Carpenter managing dire
Two insurer groups have told Florida regulators they oppose a proposed rule that would eliminate the collateral required of foreign reinsurers, saying it would be harmful to the fiscal strength of pri
The insurance industry is in the midst of a soft market as we prepare to enter 2008. Carriers need to fine-tune their systems to make the necessary changes called for by market demands. Is your IT dep
"We were lucky this year, and the heightened threat from destructive storms remains and is expected to last for a number of years to come," said Marc Racicot, president of the American Insurance Assoc
Despite the chief executive's assurances of continued growth, Seattle-based insurer Safeco's stock dropped more than 5 percent by midday after the company reported net income for the third quarter dro
John N. Ellison, managing partner in the Anderson, Kill & Olick Philadelphia office, issued a statement cautioning policyholders they should be watchful of their claims, taking care to document and fi
The Insurance Information Institute said its very preliminary estimate of insured damages is that they will exceed $500 million--a figure including not only damaged and destroyed homes, but payments
As insurers began to cope with claims from burned out homeowners, fires continued to rage in Southern California consuming houses, businesses and acreage in one of the worst wildfires to hit the state
As insurers began to cope with claims from burned out homeowners, fires continued to rage in Southern California consuming houses, businesses and acreage in one of the worst wildfires to hit the state