A judge has ruled that World Trade Center leaseholder Larry Silverstein cannot force insurance companies to pay his legal fees related to litigation stemming from the Sept. 11 terrorist attacks. U.S. District Judge Alvin K. Hellerstein said Thursday that it …
U.S. commercial real estate (CRE) values in coastal areas, and in particular smaller multifamily properties, may suffer as insurance companies reduce loss exposure to hurricane-prone areas by increasing premiums, raising deductibles, dropping coverage amounts and even dropping coverage altogether following …
5:00 p.m. on a Friday is usually associated with “TGIF” as the weekend begins. However, for much of the world this Friday at 5:00 p.m. (local time) it marks the beginning of a very special sporting event – the quadrennial …
The financier slated to be the country’s next Secretary of Treasury differs with his predecessor and the Bush Administration over the need for federal government involvement in providing terrorism reinsurance. At least he did when he served in the private …
Standard & Poor’s Ratings Services said it is changing its process for evaluating the terrorism exposure of insurers and reinsurers. The updated process is partly a response to the increased insurance retentions under the two-year extension of the Terrorism Risk …
At the midpoint of 2006, many commercial insurers are generating exceptional earnings, according to an article published by Standard & Poor’s Ratings Services. The article, which is titled “U.S. Commercial Lines Midyear 2006 Outlook: Sector Enjoying Exceptional Earnings,” says these …
The past 24 months have been traumatic for the insurance industry, but the profit picture for 2006 is quite good overall, Robert P. Hartwig, Insurance Information Institute senior vice president and chief economist said during the May 11 National Council …
The last 24 months have been traumatic for the insurance industry, but the profit picture for 2006 is quite good overall, Robert P. Hartwig, Insurance Information Institute senior vice president and chief economist said during the May 11 National Council …
Marsh & McLennan Co. Inc. named Stephen R. Hardis non-executive chairman of the board at its annual shareholder meeting. Hardis succeeds Robert F. Erburu, who is retiring from the board after reaching the directors’ retirement age under MMC’s corporate governance …
The last 24 months have been traumatic for the insurance industry, but the profit picture for 2006 is good overall, Robert P. Hartwig, Insurance Information Institute senior vice president and chief economist, said during the recent National Council on Com-pensation …
