Marsh Inc. has launched of MaRI (Marsh Risk Innovations), an insurance facility designed to provide additional capacity to the depleted property catastrophe insurance market this year. According to Marsh, this new facility is unique in that it delivers capital market …
A.M. Best Co. has affirmed the financial strength rating of “A” (Excellent) and the issuer credit rating (ICR) of “a+” of Lloyd’s Syndicate 382, managed by Hardy (Underwriting Agencies) Ltd. (HUA). Best also assigned an ICR of “bbb” to Hardy …
What a difference a year makes. The U.S. property/casualty industry posted a $24.4 billion net gain on underwriting through the first nine months of 2006. For the same period in 2005, it lost $2.5 billion. Insurers and policyholders have Mother …
What a difference a year makes. The U.S. property/casualty industry posted a $24.4 billion net gain on underwriting through the first nine months of 2006. For the same period in 2005, it lost $2.5 billion. Insurers and policyholders have Mother …
With elevated hurricane activity predicted over the next 15 to 20 years, insurers took advantage of last year’s respite to fix the roof while the sun was shining, setting aside billions to bolster the industry’s claims-paying capacity, according to the …
What a difference a year makes. The U.S. property/casualty industry posted a $24.4 billion net gain on underwriting through the first nine months of 2006. For the same period in 2005, it lost $2.5 billion. Insurers and policyholders have Mother …
What a difference a year makes. The U.S. property/casualty industry posted a $24.4 billion net gain on underwriting through the first nine months of 2006. For the same period in 2005, it lost $2.5 billion. Insurers and policyholders have Mother …
The Independent Insurance Agents & Brokers of America (the Big “I”) will again confront a number of legislative issues important to agents and brokers at both the state and federal levels in 2007, including progress on licensing, regulatory, tax and …
The Louisiana Department of Environmental Quality is trying to partner with local governments to dispose of more than 10,000 flooded vehicles collected after the 2005 hurricane season. Still, the project will not be completed before Louisiana begins bearing at least …
Munich Re isn’t the only major insurance organization to express the industry’s collective sigh of relief as the year 2006 expires with relatively few major catastrophe losses (See related article above). Lloyd’s notes that “the hurricane season came to an …
