Insurers News

S&P: Discipline Will Be The Key To Insurers’ Success in 2008

Standard & Poor’s Ratings Services has issued a report, noting the 2008 outlook for the North American property/casualty insurance, life, health, and reinsurance sectors are stable due to several years of strong earnings, improved levels of capital adequacy, ample liquidity, …

Research & Markets Analyzes Climate Change Threat to Insurers

Dublin-based Research and Markets announced the addition of “Global Warming & the Insurance Industry” to their offering. The study concentrates on the possible effects of the increase in the average temperature of the Earth’s near-surface air and oceans in recent …

S&P Announces Rating Actions on Five Major Mortgage Insurers

Standard & Poor’s Ratings Services announced a number of rating actions, covering five mortgage guarantee insurers: Radian Group, Mortgage Guaranty Insurance PMI Group, Triad Guaranty and Old Republic. The sector has been severely affected by the subprime mortgage crisis, which …

Insurer Balks at Payment in Case of Clinton Neighbor Shooting

A man whose wife was shot to death — a killing that attracted national attention because the couple lived near Bill and Hillary Rodham Clinton — is trying to collect nearly half a million dollars on her life insurance, court …

Mass. Drivers Get Taste of Competition; Insurers Cut Rates, Enhance Products

Drivers with good driving records, good grades, hybrid vehicles, property policies and pets are among those who could benefit under auto insurance rating plans filed for use in 2008 in Massachusetts. Indeeed, most drivers should see savings next year. According …

Insurers File Mass. Auto Rates Today; Bill to Control Rating Factors Stalled

The auto insurance market in Massachusetts gets a glimpse of greater competition today when carriers disclose their proposed rates, but the big unknown is whether motorists honk for joy or hit the guardrail. The Patrick administration hopes the result is …

Trial Lawyers Say Research Shows Conn. Medical Liability Insurer Overcharges Physicians

The Connecticut Trial Lawyers Association released an actuarial analysis that it says shows that, for several years Connecticut Medical Insurance Co. has been overcharging doctors millions of dollars. They argue that this has caused doctors’ overhead to soar and contributed …

Insurers Facing More Frequent, More Expensive Lawsuits

The legal landscape may generally be changing for the better — but not necessarily for insurers, according to a recent survey by Fulbright & Jaworski. In its survey based on interviews with in-house counsel at 250 major U.S. corporations including …

S&P Reports Ratings Gap ‘Narrowing’ between Middle East & UK Insurers

Standard & Poor’s Ratings Services has published “How Middle East Non-Life Insurers Are Developing From A Rating Perspective: A Comparison With The U.K..” S&P initially stated: “Middle East non-life insurers are generally rated lower than their U.K. counterparts, and in …

Fitch Report ‘Positive’ on Central America Insurers

According to a report from Fitch Ratings – “Central America Insurance Sector-” there are “positive trends in premiums and operating expenses,” in the region, which have increased profitability, and have led to “healthy growth in premiums in Central America led …