2008 can be described as a year like no other in the property/casualty insurance world. This year we saw the near death of the world’s largest and most successful insurance company, AIG. The soft market continued to hamper revenues in …
Ask agents and executives in the insurance industry about the new year and they’ll say they expect that the market will harden, at least slightly. In fact, 73 percent of agents predict prices will firm, according to a new Insurance …
Maine’s fire marshal says a rise in arson fires is likely related to the slumping economy. State figures thus far this year show 134 confirmed incendiary, or arson, fires representing $8 million worth of property. An additional 52 incidents or …
An inability to retain inspectors is hurting West Virginia’s efforts to make the inherently dangerous business of coal mining safer. Faced with a turnover rate topping 20 percent, the state is scrambling — for the second consecutive year — to …
“This year’s climate change agenda has, if nothing else, highlighted that next year will be hard going for those wishing to set global agreement for action against climate change,” states a recent article on Lloyd’s web site (www.lloyds.com). The article …
A.M. Best Co. has affirmed the financial strength rating (FSR) of A++ (Superior) and issuer credit ratings (ICR) of “aa+” of the Chubb Group of Insurance Companies and its P/C members. Best also affirmed the ICR and senior debt ratings …
Marsh’s London office has issued a bulletin indicating that it “expects a sharp rise in the number of UK companies buying fraud insurance protection next year, as the world economy continues to deteriorate. Marsh also expects the number of insurance …
The deadly magnitude-6.6 San Simeon earthquake five years ago is still rocking the Central Coast economy. The quake struck the morning of Dec. 22, 2003, causing more than $200 million in damage. Many downtown areas in the hard-hit cities of …
Swiss insurer Zurich Financial Services Group is drawing U.S. commercial clients away from financially beleaguered rivals, a company executive for North America said on Friday. “We have seen higher submissions and higher win rates,” Mike Foley, chief executive of Zurich …
2008 can be described as a year like no other in the property/casualty insurance world. This year, the industry witnessed the near death of the world’s largest and most successful insurance company, AIG. The soft market continued to hamper revenues …
