earning News

W.R. Berkley: Waiting for Discipline in Property; Overall Marketplace ‘Splintered’

There is no one answer to the overall insurance industry’s place within its cyclical path. Each product line needs to be looked at individually, according to Robert Berkley, CEO of W.R. Berkley Corp. “Once upon a time, most P/C product …

Selective Reports $18.1M Q1 Profit; Commercial Lines Price Up 5.1%

Selective Insurance Group, headquartered in Branchville, N.J., reported $18.1 million net income for its 2012 first quarter, a 11.7-percent decrease compared to $20.5 million income reported during the prior-year quarter. Total net premiums written were $420.2 million, up 16 percent …

AIG Reports Q3 Net Loss of $4.1 Billion

American International Group reported on Thursday a net loss of $4.1 billion and an after-tax operating loss of $3.0 billion for the third quarter ended Sept. 30, 2011, compared with a net loss of $2.5 billion and an after-tax operating …