Property Insurance
Should you gamble by investing in property?
Pension funds are seeking to become the new buy-to-let landlords amid growing signs that the residential property market is over the worst. Legal General, the insurer, is contemplating its first foray into residential property through a gov...
House prices 'up by the end of the year'
Lloyds, Britains biggest lender, has predicted house prices have only 6% further to fall and could rise by the end of the year. The forecast comes as commentators grow increasingly optimistic about the outlook for the UK economy and stock m...
Demographics boost China Life Insurance (LFC)
The big story behind China Life Insurance (NYSE: LFC ) is still the demographic one, as the population of China urbanizing and aging, says Paul Goodwin , a specialist in Asian stocks. In his Cabot China Emerging Markets Report , the advisor...
Lenders are withholding best tracker rates
Borrowers have seen little benefit from the recent recovery in global money markets, with banks and building societies continuing to withhold lower rates. Figures from Savills Private Finance show that while three-month Libor, the rate at w...
Innovation Group Teams With IBM To Help Reduce Operational C
WHITELEY, UK--(BUSINESS WIRE)-- Innovation Group plc (LSE:TIG.L) (Innovation or the Company or the Group), the leading provider of enterprise software, business process outsourcing (BPO) and repair and service network management solutions t...
Armed Forces Insurance Now Provides Financial Services Throu
Members of Armed Forces Insurance (AFI) now can enjoy life insurance, investments and banking products specifically designed to meet the military's needs through a new alliance with Armed Forces Benefit Association (AFBA). Leavenworth, Kan....
Notes from Berkshire Hathaway’s Annual Meeting, 2009
These are notes taken by Matt Pauls from Berkshire Hathaways Annual Meeting, 2009. Berkshire Hathaway Specifically Berkshires property Casualty insurance and utilities businesses are probably the best in the world. Insurance business was gro...
Cover-All Technologies Inc. Announces New Head of Business D
FAIRFIELD, N.J.--(BUSINESS WIRE)--Cover-All Technologies Inc. (OTC BB: COVR), a leading provider of comprehensive business solutions for the property and casualty insurance industry, today announced a new addition to their leadership team....
Munich Re 1Q net profit falls 46 percent
German reinsurance company Munich Re AG said Wednesday that net profit fell 46 percent in the first quarter, partly as a result of lower investment earnings, but raised its outlook for premiums this year. The Munich-based company said net p...
State Auto Financial Reports First Quarter 2009 Results
COLUMBUS, Ohio--(BUSINESS WIRE)-- State Auto Financial Corporation (NASDAQ:STFC), a super regional property and casualty insurance holding company, will hold its quarterly conference call to discuss first quarter results on Tuesday, April 28...
A Market in Flux: Insurers at RIMS Discuss the New World The
Insurance companies are finding their sea legs in a different kind of market, the likes of which they've never seen before. In spite of heavy catastrophe claims from 2008 and the worst financial results in years, insurers are not seeing the...
The High Cost of Low Illinois Car Insurance Deductibles
According to a recent survey commissioned by (ISIA) more than 75% of Illinoisans are overpaying their auto insurance premium due to high deductible price, while 51.2% of those who were surveyed did not even know what the deductible even mea...
Insurers, Risk Managers Take Notice As Cat Losses From Torna
Copyright 2009 Crain CommunicationsAll Rights Reserved Business Insurance April 20, 2009 725 words Insurers, risk managers take notice as cat losses from tornadoes surge; Risk concentration concerns increase as frequency rises JEFF CASALE On...
Insurers' Losses May Not Raise Rates
Apr. 23--Privately held property and casualty insurers in the United States took a big hit to the bottom line in 2008, but area brokers don't think that will cause rates to climb for all local businesses. The Insurance Information Institute...
A.M. Best Special Report: Reinsurers Keep Their Balance Desp
OLDWICK, N.J.--(BUSINESS WIRE)-- U.S., Bermuda and large international reinsurance companies lost about 15% of their capacity in 2008 as measured by shareholders equity. But A.M. Best Co. believes that two excellent operating years precedin...
Allstate Applauds Introduction of STANDUP Act
NORTHBROOK, Ill.--(BUSINESS WIRE)-- Allstate Protection President George Ruebenson issued the following statement in support of the Safe Teen and Novice Driver Uniform Protection (STANDUP) Act sponsored by Reps. Timothy Bishop (D-NY), Micha...
Chancellor accused of not the first time buyers £ 600m turna
The chancellor was accused of using a water pistol to put out a fire after the announcement of measures to revive the housing market and construction sector. Housing organizations, lenders and real estate agents said that Alistair Darling 6...
RMS: Insurers Can Expect Severe Storm Seasons Every Four or
Analysis by catastrophe risk management firm Risk Management Solutions concludes that although insurance companies may have been taken by surprise by an above-normal tornado, hail and storm season in 2008, insurers can expect the same level...
AM Best Looks over AIG's Restructuring
AM Best has said that the ratings and outlook of the property/casualty subsidiaries of American International Group (AIG) remain unchanged following the company's announcement of the acceleration of its restructuring and re-branding of its g...
Economy Drives Down RIMS Attendance
Another sign of the economy?s impact on the insurance industry surfaced this week with a 30% drop-off in attendance at the Risk and Insurance Management Society?s annual conference in Orlando. RIMS President Joe Restoule said it?s clear the...
Langues Voiance Services signe un accord avec Fortune 100 Fo
TUCSON, Ariz.--(BUSINESS WIRE)--Voiance Languages Services LLC, a sister company of CyraCom International and a leading provider of multi-cultural language services, today announced it has signed a multi-year agreement with a Fortune 100 pr...
Bluewave Technology Promotes Alyssa Hostelley to Vice Presid
HONOLULU, April 21, 2009 (GLOBE NEWSWIRE) - Bluewave Technology, a leading provider of solutions for claims management of the property / insurance industry crash, today announced the promotion of Alyssa Hostelley Vice President of Product M...
Great American Insurance Group Environmental Division's San
CINCINNATI--(BUSINESS WIRE)--Great American Insurance Groups Environmental Division is pleased to announce that its regional office in San Francisco, CA has begun accepting environmental insurance submissions. This expansion complements the...
AIG moves to separate the property and casualty business
American International Group Inc. said Tuesday it is moving towards the sale of a minority stake in insurance companies ISOCARP Holdings. AIG, once the largest insurer in the world, is the transfer Holdings ISOCARP to a special purpose vehi...
Q&A: How the Homeowners Mortgage Support Scheme works
The Homeowner Mortgage Support Scheme, announced by Gordon Brown in December, was supposed to help all homeowners - however some of Britains biggest lenders have declined to participate. Q: What is the scheme? A: It is designed to give supp...
Levene: Insurers must maintain underwriting discipline
The biggest challenge facing the insurance industry today is to subscribe to a favor, and not just taking on any company for the collection of premiums, said Lloyd? S Chairman Peter Levene. If anyone can do it .. [they] remain in a strong p...
Texas Insurance Association Center wind storm for legislativ
Copyright: The Associated Press. All rights reserved. May This material may not be published, broadcast, rewritten or redistributed. Source: Associated Press Wordcount: NEW YORK_American International Group Inc. completed a sale of preferre...
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AIG Puts Industry Backlash 'Back to Square One ",
WASHINGTON, March 30, 2009 (AM Best via COMTEX) - AIG | Quote | Chart | News |
'Perfect Storm' Putting upward pressure on prices of
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Fitch profit overwhelmed by the loss of investment for
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Conn. lawmakers Hold Hearing On AIG Bonuses
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News Focus - Lloyd's CFO Goomy about investment.
Copyright 2009 Timothy Benn Publishing LimitedAll Rights Reserved Reinsurance
Innovation Group Teams With IBM To Help Reduce
WHITELEY, UK--(BUSINESS WIRE)-- Innovation Group plc (LSE:TIG.L) (Innovation or
P/C Execs Look Ahead to Mitigation, Retention, Rates
Chad Hemenway OLDWICK, N.J., Mar 30, 2009 (A. M. Best via COMTEX) -- Several
Wildfires and insurance(insurance news net)
Natural disaster damage losses paid by insurance companies have been doubling
Texas Insurance Association Center wind storm for
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Allstate Applauds Introduction of STANDUP Act
NORTHBROOK, Ill.--(BUSINESS WIRE)-- Allstate Protection President George
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