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Think before rushing into a fixed rate mortgage deal
Lenders were last week branded unfair for raising the cost of mortgages even though the rates at which they lend to each other in the money markets have dropped to record lows. Brokers said fixed rates have gone up so much that borrowers co... -
U.S. Withheld Data on Risks of Distracted Driving
In 2003, researchers at a federal agency proposed a long-term study of 10,000 drivers to assess the safety risk posed by cellphone use behind the wheel. They sought the study based on evidence that such multitasking was a serious and growin... -
Insuring Against Hurricanes
To hedge against the Big One, buy an exchange-traded hurricane contract. Despite a quiet hurricane season so far, the capital-starved insurance industry remains nervous. Hurricane Ike caused $11.5 billion in damage last year. State Farm, Flo... -
Liberty Mutual Survey Shows Baby Boomers Reluctant to Speak to Aging Parents About Their Driving but
Baby Boomers have a difficult time speaking to their parents about when to limit or stop driving, yet most seniors are open to talking about the increased safety risks they face on the road as they age, according to a national survey by Libe... -
Fitch Releases Special Report on Analyzing Prior Period Loss Reserves and Tail Factors
In a new report, Fitch Ratings discusses property/casualty insurer loss reserves for older underwriting periods, and challenges in assessing reserve strength for insurers with longer tail claims liabilities. Reserves from accident years befo... -
Perspectives: State Farm, Florida Regulators Continue to Mull Best Way for Insurer to Leave
In Florida there's been some worry about whether the state has enough cash to pay for damages following a hurricane. It's a story that has been covered many times in the past five years. That remains a story, but with lawmakers passing legi... -
A.M. Best Releases Methodology on Natural Catastrophe Stress Test
A.M. Best Co. has released an update to its methodology titled Natural Catastrophe Stress Test Methodology. The document is available on the Best's Credit Rating Methodology section of A.M. Best's homepage. Visit www.ambest.com/ratings/me... -
North Carolina Regulators, Rate Bureau Agree to Roll Back Auto Rates
Private automobile insurance rates in North Carolina will be rolled back to just under 2006 levels following a settlement signed by Insurance Commissioner Wayne Goodwin and the North Carolina Rate Bureau. According to a statement from Goodw... -
Washington Shrugs At New AIG Bonus Plan
Washington policymakers have changed their position on huge compensation programs at financial firms, a change for the better, Rep. Bob Corker, R-Tenn., said. When bailed out insurance company American International Group Inc. attempted to p... -
Reinvigorated Watchdog SEC Charges 11 With Illegal Insider Trading
The Securities and Exchange Commission on Wednesday charged 11 people with illegal insider trading connected with merger announcements at two companies. The actions are a break from the SEC's recent rash of pursuing enforcement actions regar... -
Max America Now Licensed to Write Marine Insurance in All 50 States
Max America Insurance Co. is now able to write the inland and ocean marine insurance in the 50 States eligible to become an insurer in California, Max Capital Group Ltd. said. Max America is a subsidiary of Richmond, Va.-Max Specialty Insur... -
Squatters choose the best in Mayfair property
Showing me around his 22.5m Mayfair home, my host is incredibly welcoming. You can come any time, he says. Feel free to do whatever and go wherever you like here. It is a delightful thought as I admire the huge circular first-floor drawing... -
Squatters move into Billionaires’ Row as concern grows over homes left empty
Squatters have moved into a London super-mansion in a road dubbed Billionaires Row, a few doors from a house owned by the steel magnate Lakshmi Mittal. Mr Mittal, the head of ArcelorMittal, put his home, the nine-bedroom Summer Palace, on t... -
Agent Pleads Guilty To Workers' Comp Fraud
An Illinois insurance agent pleaded guilty to four felony charges. An investigation revealed that the man misappropriated over $400,000 of his client's workers' compensation premiums. Many of his clients paid cash because he told them they w... -
California 'Pay-As-You-Drive' Regulations Approach the Starting Line
SACRAMENTO, Calif., Jul 13, 2009 (A. M. Best via COMTEX) -- California's proposed pay-as-you-drive insurance regulations are winning industry support as they steer closer to the marketplace. First conceived a year ago, at the height of a re... -
Guy Carpenter Names Chris McKeown CEO of Global Analytical and Specialty Practices
Guy Carpenter Company, LLC, a leading specialist global risk and reinsurance, announced today that it has appointed Chris McKeown as CEO of Global Analytical and specialty practices. Mr. McKeown will be responsible for Guy Carpenter Instrat... -
Conning Research: Property-Casualty Forecast Through 2011 Released
Results of ownership of industry losses in the coming years will be determined by the recession of 2009, the insurance premium quotes mixed dynamics, and deterioration of underwriting results modest, according to the latest Property Casualt... -
When it doesn’t pay to overpay on your mortgage
Borrowers on ultra-low tracker mortgages are being urged to stop overpaying and instead take advantage of some of the top savings deals. Tracker deals have tumbled with Bank rate, which has fallen from 5.75% in November 2007 to an historic... -
BIG “I” Commends Introduction Of National Flood Insurance Program Extension
Also Calls for Long-Term Updates to Critical Program for Homeowners and Small Businesses WASHINGTON, D.C., July 9, 2009 The Independent Insurance Agents Brokers of America (the Big I) today commended House Financial Services Housing Subcomm... -
Insuring Against Hurricanes
To hedge against the Big One, buy an exchange-traded hurricane contract. Despite a quiet hurricane season so far, the capital-starved insurance industry remains nervous. Hurricane Ike caused $11.5 billion in damage last year. State Farm, Flo...
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Berkshire Hathaway’s Insuranc
The Property Casualty Insurers Association of America (PCI) reported full year 2008 results for the industry... -
European Insurance Asset Manage
26 February 2009 - Published in the insurance, fire insurance, accident, dental, financial services, health... -
New structures to boost the mar
Copyright 2009 Crain CommunicationsAll Rights Reserved Business Insurance March 30, 2009 950 words New... -
Willis Group Holdings names CEO
Copyright: Business Wire Source: Business Wire Wordcount: 556 Business Editors / Insurance Writers NEW... -
When it doesn’t pay to overpa
Borrowers on ultra-low tracker mortgages are being urged to stop overpaying and instead take advantage... -
Wildfires and insurance(insuran
Natural disaster damage losses paid by insurance companies have been doubling every five to ten years... -
FirstBest Announces App Forms R
ORLANDO - FirstBest Systems, Inc., developer of advanced Underwriting Management Systems (UMS) that enable... -
Squatters move into Billionaire
Squatters have moved into a London super-mansion in a road dubbed Billionaires Row, a few doors from a... -
A Market in Flux: Insurers at R
Insurance companies are finding their sea legs in a different kind of market, the likes of which they've... -
Two veterans Corporate Risk Joi
NEWPORT BEACH, California, May 11, 2009 (BUSINESS WIRE) - Alliant Insurance Services, the nation's largest...
Featured
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Universal Property & Casual
Fort Lauderdale, FL /PRNewswire/ As a leader in the property and casualty insurance marketplace, South... -
UNUM Plan Participant's Short-T
Copyright 2009 Strafford Publications, Inc.All Rights Reserved Texas Insurance Law Litigation Alert February... -
Reinsurance Renewals Clouded by
When reinsurers and their clients gather for renewal discussions at Les Rendez-Vous de Septembre in Monte... -
AIG Replaces Chief Investment O
AIG Replaces Chief Investment Officer Alyn Ackermann American International Group Inc. has replaced its... -
A.M. Best Downgrades Ratings of
OLDWICK, N.J. - (Business Wire) A.M. Best Co. has downgraded the financial strength rating to B (Fair)... -
Insurance Agents and Brokers In
As the economy continues to struggle, successful insurance agents and brokers are focusing on traditionally... -
Conning Research: Property-Casu
Results of ownership of industry losses in the coming years will be determined by the recession of 2009,... -
Texas Lawmakers Come Up With TW
Texas Lawmakers Come Up With TWIA Funding on Last Day of Session Chad Hemenway AUSTIN, Texas It took legislators... -
Insurer Complaint Data Released
The Missouri Department of Insurance's annual complaint index report has been posted at the department's... -
J.D. Power and Associates Repor
Overall customer satisfaction with auto insurance companies is up significantly in 2009, driven primarily... -
AM Best Looks over AIG's Restru
AM Best has said that the ratings and outlook of the property/casualty subsidiaries of American International... -
AIG Shares Slump In Wake Of Rev
SAN FRANCISCO (MarketWatch) -- When American International Group proposed a reverse stock split earlier...
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