Wall Street’s struggle to recover from this month’s devastating drop is coinciding with the anniversary of another dark period for the stock market — the crash of 1929. The dramatic selling of Oct. 28-29 of that year sparked widespread panic …
Commercial property/casualty premiums continued a downward slide during the third quarter of 2008, but there were suggestions the market decline may have leveled off, at least between July and September, for small and mid-sized accounts, according to commercial insurance brokers. …
The Treasury Department is studying how it could give relief to insurance companies under a $700 billion financial services rescue package, two sources familiar with the deliberations said Friday. The Troubled Asset Relief Program established by Congress earlier this month …
Law enforcement officers, prosecutors and private-sector fraud investigators say new technology and laws are needed to help prevent identity theft crimes in Washington and prosecute increasingly crafty and covert criminals. “We’ve come a long way in our fight against identity …
Two major hurricanes and a global credit crunch were not enough to derail the relentless soft commercial insurance market in the third quarter, according to RIMS Benchmark Survey, an industry survey of policy renewal prices as reported by North American …
The current financial crisis will require unprecedented levels of global coordination to resolve it because no country is immune to its effects, European Commission President Jose Manuel Barroso said on Thursday. Speaking in Beijing a day before the opening of …
Commenting on the latest developments in the world’s financial markets, Munich Re’s Board of Management Chairman, Dr. Nikolaus von Bomhard, stated: “We welcome the measures adopted by the European states and the German Federal Government. They were necessary steps at …
The Bank of Beijing, which is 16 percent owned by the Netherlands ING Groep NV, said on Tuesday it is in talks to buy a 50 percent stake in one of ING’s life insurance ventures in China from the venture’s …
Florida-based insurance agency Brown & Brown, Inc. reported that its total commissions and fees revenues for the third quarter of 2008 increased 8.1 percent over the third quarter of 2007. While revenues were up, net income for the quarter was …
The Property Casualty Insurers Association of America unveiled results of an independent report which found that the North Carolina Insurance Underwriting Association, a.k.a. the Beach Plan, is not financially prepared to weather a major storm. PCI commissioned Milliman Inc. to …
