Placing of business is harder than it has ever been, agent says We insure a business in French Quarter in New Orleans which was unaffected by the flooding from Katrina and for the most part had fairly limited windstorm damage,” …
The New Madrid fault line, the Atlantic hurricane season and tornado alley are just a few factors that weigh heavily on the minds – and regulatory decisions – of insurance regulators in the southeastern United States. If insurance commissioners in …
With no major catastrophes in this year’s third quarter, billionaire investor Warren Buffett’s Berkshire Hathaway Inc. reported an almost fivefold increase in income from a year earlier when hurricanes Katrina, Rita and Wilma struck. Berkshire earned $2.77 billion (euro2.17 billion), …
Pricing for D&O coverage is soft and could get softer, according to Lance Dalzell-Piper of Marsh FINPRO and David Bradford of Advisen Ltd., who spoke during the PLUS Symposium discussion of “D&O Litigation Trends and Predictions of Things to Come.” …
We insure a business in French Quarter in New Orleans which was unaffected by the flooding from Katrina and for the most part had fairly limited windstorm damage,” said Parke Ellis, a principal with Gillis, Ellis & Baker (GEB), a …
Increased competition will eventually undermine results, says industry analyst The U.S. property/casualty insurance industry’s net income after taxes fell 9.3 percent to $28.3 billion in first-half 2006 from $31.2 billion in first-half 2005 as investment results deteriorated. Reflecting the decline …
The U.S. property/casualty insurance industry’s net income after taxes fell 9.3 percent to $28.3 billion in first-half 2006 from $31.2 billion in first-half 2005 as investment results deteriorated. Reflecting the decline in net income after taxes, the industry’s annualized rate …
Standard & Poor’s Ratings Services reacted positively to the news that Berkshire Hathaway’s National Indemnity will initially back and could eventually take over Lloyd’s run-off vehicle Equitas Ltd. (See related article) The rating agency revised to positive from stable its …
In an address to the 20th Annual International Reinsurance Congress in Bermuda, Lloyd’s Head of Exposure Management, Paul Nunn, suggested that the time was right for the industry to develop the concept of “open source” risk modeling. He indicated that …
Northbrook, Ill.-based Allstate Corp., the second-largest U.S. personal-lines insurer behind State Farm, reported a $1.16 billion third-quarter profit Wednesday as it benefited from a quiet hurricane season. The company also raised guidance for its full-year earnings. The large gain contrasted …
