Aon Re Global announced today that it has produced research on the impact of earnings volatility on shareholder value for insurers and reinsurers. Hurricane Katrina and the entire hurricane season provided an interesting opportunity to observe, at an event and …
Challenges like disappearing markets, looming hurricanes and the quest to add more to the bottom line will all be addressed during a Professional Insurance Agents of Florida Member Forum on May 12 in Orlando at the Caribe Royale Resort. The …
The Department of Financial Services has revoked the license of Bruce Anthony Fonte, owner of Family Insurance of West Pasco, Fla. DFS is requesting anyone who bought insurance from Fonte or Family Insurance to call its Consumer Helpline to verify …
Gov. Jeb Bush and Lt. Governor Toni Jennings have outlined a $565 million budget recommendation of state and federal funding for emergency management and suggested a “Culture of Preparedness,” during a meeting at the Tiger Bay Club of Central Florida …
A.M. Best Co. announced that it has affirmed its Syndicate Rating of “A” (Excellent) and the issuer credit rating of “a+” of Lloyd’s Syndicate 958 with a stable outlook. “The ratings reflect syndicate 958’s excellent operating performance and distinctive profile …
Jardine Lloyd Thompson Group plc. has reported a 20 percent drop in pretax profits in its preliminary earnings report. The U.K.’s largest insurance broker said that profit “before tax, exceptional items and impairment charges” for 2005 totaled £76.8 million ($133.5 …
Tougher building code standards aimed at reducing future hurricane damage in North Carolina have been forwarded to a state committee studying disaster management by Insurance Commissioner Jim Long. Long petitioned the Joint Study Committee on Energy Preparedness and Disaster Management …
According to Lloyd’s newly released annual underwriter survey, managing the “boom and bust” insurance cycle remains the most important challenge facing the global industry for the second year running. The survey also found that nearly 90 percent of the underwriters …
Assessing the condition of New York’s homeowners insurance market is easier said than done. It’s either strong, stable or fragile depending upon whether the analyst is an agent or an insurer. Also, Allstate Insurance Co.’s decision to limit its business …
Warren E. Buffett, the billionaire chairman of giant Berkshire Hathaway, praises the performance of his primary insurance units, particularly Geico, in his annual letter to shareholders and acknowledges that concern over hurricanes has prompted his insurance subsidiaries to raise prices …
