According to a report from Willis Group Holdings, “over the last three months, London market insurers reported an average premium reduction of eight percent on renewal business for the commercial sector’s Directors & Officers’ (D&O) liability.” In addition Willis said …
A private school voucher program for children from low-income families in Florida would be strengthened by a bill the House passed last week, but critics say it would be another financial blow for public education. Businesses now can take a …
High-end property/casualty insurer Chubb Corp. said Thursday that earnings fell in the first quarter, hit by losses on fund investments and declining policy sales. Chief Executive John Finnegan said the “difficult economic and investment environment” had caused some customers to …
The head of the U.S. Federal Deposit Insurance Corp said Friday that she favors a council of regulators over one entity to oversee systemic risk in the financial system. “If there was a (interagency) council for systemic risk, that would …
A.M. Best Co. has downgraded the financial strength rating of CAMICO Mutual Insurance Co. (CAMICO) based in Redwood City, Calif., to B++ (Good) from A- (Excellent) and downgraded issuer credit rating to “bbb” from “a-.” The outlook for both ratings …
America’s market-based economic system once created the largest economic engine in the world and gave this country one of the highest standards of living in history. However, that system now faces a credibility crisis of great proportions. The extraordinary and …
A coalition of insurers, public officials, risk experts, builders and conservation groups introduced a blueprint of policy changes and common sense actions that could reduce economic losses from future storms and rising sea levels by as much as half along …
Reno, Nev.-based Employers Holdings Inc., a Nevada-based company whose subsidiaries are specialty providers of workers’ compensation insurance focused on small businesses, will review the company’s first quarter 2009 financial results during a conference call and Web cast Thursday, May 7, …
Kathleen Bissell, assistant vice president of Liberty Mutual Insurance Co., has been elected chair of the Association of California Insurance Companies (ACIC) Board of Directors at the association’s annual meeting. Bissell was elected to a one-year term and replaces Cary …
An advocacy group criticized Oklahoma legislative leaders on April 21 for what it described as a host of bills that help the health insurance industry at the expense of consumers. Dr. Rene McNall Knapp, who specializes in treating children with …
