The financial condition of the property/casualty industry is strong, and should be able to withstand the current price deterioration, according to a new industry study. “The outlook for the next three years – through 2010 – is generally soft for …
The federal agency responsible for mine safety has hired more than 300 inspectors in the past two years to scour underground coal operations for unsafe working conditions. The Mine Safety and Health Administration is beefing up its inspections after a …
The complexity of the cat insurance market can make it difficult to keep pace with the coverage options. The savvy wholesale broker keeps tabs on which surplus lines insurers have the appropriate capacity for In the midst of hurricane season, …
The California wildfires, with smoke drifting out to the Pacific Ocean (L), are seen in this NASA satellite image released July 9, 2008. REUTERS/NASA/Handout (UNITED STATES). More than 1,400 fires that burned as part of California’s lightning series have been …
In the past three years, the insured value of properties in coastal areas of the United States continued to grow at a compound annual growth rate of just more than 7 percent, according to a new report released by AIR …
Tornadoes are usually classified using the Fujita Tornado Scale, or FScale developed by Dr. T. Theodore Fujita at the University of Chicago in 1971, CDS said. Using FScale classifications, the study looked at whether there was any correlation between tornado …
Declarations Bundled Buying “Buyers who use insurance agents are also more likely to purchase bundled auto and homeowner insurance policies. … Despite this trend, insurance providers are steadily enhancing their Web sites capabilities, and shopping through a direct channel certainly …
Agent groups praised Liberty Mutual for fighting the battle in court and winning. In a twist to a scandal that has rocked the insurance industry in the past several years, a New York appeals court has ruled that contingent commissions …
S&P Says Nationals Safe, While Midwest- Focused Insurers at Risk N2 | Washington Report House Subcommittee Moves Key Federal Insurance Regulation Bills N4 | Home Insurers Bitten by $350 Million in Dog Claims Average Liability Claim Tops $24,000 N6 | …
Willumstad is the wrong person for the job and would be even if these were good times. The world’s largest insurance company, the one that always announces spectacular earnings, the company with the forceful views on how the market should …
