Central Europe isn’t the only place in the world that faces earthquake threats (See related article). The Insurance Bureau of Canada has issued a call for the creation of an ongoing working group between the insurance industry and the provincial …
A.M. Best Co. has published a special report which examines the increasing use of “unauthorized reinsurance” in the U.S. P/C insurance industry. The report also indicates, however, that an “expensive infrastructure of collateral tracking, accounting and reporting surrounds the practice.” …
Fairfield, N.J.-based Cover-All Technologies Inc. said it’s extended the tenure of its top executive. The company, which makes software for the property casualty insurance industry, said it’s reached an agreement with CEO, President and Chairman John Roblin under which he …
Industry hopes for disaster solutions, federal terrorism insurance extension, regulation reform and more In 2007, buyers of insurance reaped in the rewards of a soft insurance market. But for agents and brokers the soft market meant lower premiums, lower commissions …
I.I.I.’s Earlybird Forecast predicts negative premium growth but continued profitability in 2008 Next year may go down on record as one of the best insurance industry underwriting performances in the past 80 years, according to an industry survey of Wall …
PCI’s new CEO plans to ‘scan the horizon’ for insurer members facing terrorism insurance, regulation concerns, politics and more The Property Casualty Insurers Association of America (PCI) represents 1,000 insurance companies that write about 40 percent of the business in …
$1.5 Billion Average estimated total of insured losses that will result from the Southern California wildfires that burned in October. Most industry analysts agree that the losses will be above $1 billion. Yet with homeowners and claims personnel just recently …
In a new report – “North American Insurance Holding Companies Brace For Year-End 2007 -” Standard & Poor’s Ratings Services examines the status of the various insurance sectors: life, commercial lines, property/casualty (P/C), personal lines P/C, reinsurance, and health. S&P’s …
According to a new report from Fitch Ratings, the U.S. property casualty insurance industry’s risk from various subprime mortgage exposures is “minimal.” Fitch said it based its conclusion on an analysis of statutory filings for the entire industry and GAAP …
$2.175 Billion U.S. property/casualty insurers are expected to pay homeowners and businesses an estimated $2.175 billion for second-quarter property losses resulting from six catastrophes in 25 states — tying the record for the second-lowest number of catastrophes in a second …
