April 20, 2007
Standard & Poor’s Ratings Services has lowered its counterparty credit and financial strength ratings on nonlife reinsurers IPCRe Ltd. and IPCRe Europe Ltd. (collectively referred to as IPCRe) to “A-‘ from “A.” S&P also lowered its “BBB+” counterparty credit rating …
April 18, 2007
Aon UK’s new report, “Stand-alone Terrorism Market Update,” concludes that a “combination of increased capacity, more predictable premium rates and innovative program design is creating steady growth in the take up of stand-alone terrorism insurance.” Companies also appear more interested …
April 17, 2007
Swiss Re announced its successful participation in structuring and placing $150 million of securities covering flood and earthquake catastrophic events in Great Britain, Canada and the United States on behalf of Allianz. The reinsurer’s bulletin notes that the multiperil issuance …
April 16, 2007
The Army Corps of Engineers needs to acknowledge that the world is heating up and seas are rising to better protect the nation from flooding and hurricanes, according to a report by two environmental groups. The report, released by Environmental …
April 13, 2007
Warning of another looming hurricane season, lawmakers including Florida Gov. Charlie Crist pleaded this week in Washington for a national catastrophe fund to help stabilize an insurance industry that they say has gone berserk in coastal areas. The Bush administration …
April 9, 2007
The government’s role in insurance markets is a matter of increasing importance and controversy. Historically, state insurance departments have regulated insurers and insurance markets, overseeing solvency, rate and form regulation, and consumer protection. More recently, however, the state itself is …
April 9, 2007
It’s that time of year when if you are a member of Congress and you don’t have a meting with at least one independent insurance agent from back home, you are probably not running for re-election. Like cherry blossoms, independent …
April 9, 2007
The government’s role in insurance markets is a matter of increasing importance and controversy. Historically, state insurance departments have regulated insurers and insurance markets, overseeing solvency, rate and form regulation, and consumer protection. More recently, however, the state itself is …
April 9, 2007
The government’s role in insurance markets is a matter of increasing importance and controversy. Historically, state insurance departments have regulated insurers and insurance markets, overseeing solvency, rate and form regulation, and consumer protection. More recently, however, the state itself is …
April 9, 2007
The government’s role in insurance markets is a matter of increasing importance and controversy. Historically, state insurance departments have regulated insurers and insurance markets, overseeing solvency, rate and form regulation, and consumer protection. More recently, however, the state itself is …