Ending a 26-year drought, insurers posted a $5 billion net profit on underwriting in 2004, despite slowing premium growth and a deluge of catastrophe losses. Powered by the best underwriting results in almost three decades, insurers’ net income after taxes …
Yesterday’s devastating bomb blasts in London, which killed at least 37 people and injured over 700, also caused substantial damage to London’s transport system as well as related property damage. Questions arose shortly after the attacks concerning the P/C insurance …
The insurance industry is entering a soft market, but unlike earlier soft markets, carriers have not cut prices to gain market share. Numerous life, property/casualty and reinsurance executives say that underwriting profits remain their first priority. And though industry watchers …
The insurance industry is entering a soft market, but unlike earlier soft markets, carriers have not cut prices to gain market share. Numerous life, property/casualty and reinsurance executives say that underwriting profits remain their first priority. And though industry watchers …
The insurance industry is entering a soft market, but unlike earlier soft markets, carriers have not cut prices to gain market share. Numerous life, property/casualty, and reinsurance executives say that underwriting profits remain their first priority. And though industry watchers …
The Tillinghast unit of consultants Towers Perrin has announced plans to launch its Commercial Lines Insurance Price Monitoring Survey (CLIPS). Tillinghast said it had “initiated the survey to meet the insurance industry’s need for better historical benchmark information regarding pricing …
More than 140 claimants are suing federal flood insurance officials and the program’s insurance industry partners claiming they conspired to low-ball their claims payments after their properties were hit by Tropical Storm Isabel two years ago. Homeland Security Undersecretary Michael …
More than 140 claimants are suing federal flood insurance officials and the program’s insurance industry partners claiming they conspired to low-ball their claims payments after their properties were hit by Tropical Storm Isabel two years ago. Homeland Security Undersecretary Michael …
More than 140 victims of the 2003 tropical storm Isabel are suing Homeland Security Undersecretary Michael Brown, David Maurstad, who runs the National Flood Insurance Program, 17 insurance companies and others charging that these officials conspired and knowingly paid claimants …
As capital accumulates on insurers’ balance sheets, carriers are figuring out what to do with it if anything at all. The industry is flush with cash after a long hard market and lower corporate bond defaults. Although insurers are wary …
