Insurers say a hailstorm last month carried a hefty price tag. Rocky Mountain Insurance Information Association spokeswoman Carole Walker said Monday the Sept. 29 storm pounded thousands of vehicles and roofs, causing an estimated $213 million in insured losses. The …
Although most insurers providing professional liability insurance for architects and engineers sought to raise rates last year, the size of the increases generally failed to meet their expectations. Nevertheless, nearly all leading insurers offering this specialty coverage did see premium …
A survey of supplier diversity in the insurance industry for California’s largest 206 insurance companies was issued on Wednesday. The results, which are posted on the California Department of Insurance website, shows a majority of insurers are taking steps to …
The University of Washington will pay $15.2 million in a medical malpractice judgment after a mistake caused a debilitating brain damage to a girl in 2008. The sum ordered a King County judge is one of the largest medical malpractice …
A U.S. federal judge on Monday approved the city of Stockton’s petition for bankruptcy in a case that sets the stage for a lengthy battle between bondholders and the California pension system. In a case being studied by other cash-strapped …
Although analysts following the property/casualty insurance industry expect underwriting results for 2012 to be better than 2011 when full-year numbers are tallied, double-digit overall returns-on-equity are still not visible on the near-term horizon, they say. Industry analysts who supplied combined …
Fitch Ratings has downgraded the long-term National Scale ratings of 12 insurance companies in Argentina, and has also revised the companies’ rating outlooks to negative from stable. Fitch said it took the rating actions following its Nov. 27 downgrade of …
An insurance pool that covers sheriff’s volunteers in 11 of Arizona’s 15 counties is changing its policies to exclude an armed volunteer posse that the state’s second most famous sheriff plans to deploy to scan the desert for smugglers. Following …
Verisk Insurance Solutions – Underwriting, a unit of Verisk Analytics has added an enhancement to its Foreclosure Alert that identifies if a property has previously been in foreclosure at the point of sale. Foreclosure Alert provides actionable information to help …
Thirty-one of the world’s most important insurance associations, who represent 87 per cent of worldwide insurance business, formally established the Global Federation of Insurance Associations (GFIA) on October 9. Members include the American Insurance Association (AIA), Property Casualty Insurers Association …
