First American's in its breakdown of loss estimates put the Tea Fire at a total residential loss of approximately $280 million or more with 200 homes impacted. Average price per house is $1.4 millio
Organizations that have successfully embedded enterprise risk management programs are seeing benefits, including higher credit ratings, according to a study by the Risk and Insurance Management Societ
Woodbridge, N.J.-based specialty brokerage NIP Group Inc. said its latest "Transportation Insurance Pricing Survey" indicates rates in the transportation insurance marketplace still show steady declin
Mr. Norsworthy, 55, was most recently the chief executive officer of Trenwick America Reinsurance Corporation and The Insurance Corporation of New York, a property-casualty reinsurer and insurer, resp
The firm said the policy is effective worldwide, is AA security rated and offers limits up to $10 million per event and indemnifies the policyholder against kidnapping and extortion, lost ransom, and
New York Insurance Superintendent Eric Dinallo announced he has issued an advisory to insurance companies notifying them that canceling a homeowners policy only on the basis that a dwelling is unoccup
Insurance industry groups continue to argue that North Carolina's state-run insurer of last resort would be unable to absorb the losses from a major storm, with the most recent argument coming from th
A business risk survey by a women's executive group and an insurer has found 58 percent of women business owners anticipate their organizations' revenues will grow in 2009, and 44 percent do not expec
NEW YORK-- Fraud is expected to pick up in New York State as the economy worsens and as perpetrators adapt to fraud fighting efforts, state agency investigators said at the annual meeting of the New Yo
American International Group's restructured loan frees the firm from terms in its original bailout that were "strangling the company," while the new deal "should buy AIG some time" to sell off assets