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Reinsurance Market Remains Stable; Rates Steady, Reports Guy Carpenter
National News • July 1, 2009
Upward pressure on property/catastrophe reinsurance rates in the U.S. eased at the July 1, 2009 renewal, as capacity in the market remained sufficient without being abundant, according to a ...
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| Subject | Posted By | Posted On |
|---|---|---|
| RE: Reinsurance markets stable | Ratemaker | Jul 2, 2009, 7:36 am |
| RE: Reinsurance markets stable-Criminal investigation . | Criminal investigation | Jul 1, 2009, 10:10 pm |
| RE: annual salary of nearly $9 million in 2007. | against your fellow American. | Jul 1, 2009, 9:53 pm |
| annual salary of nearly $9 million in 2007. | covered by the federal governm | Jul 1, 2009, 9:44 pm |
| RE: Reinsurance markets stable - Arrogance is not necessary | David | Jul 1, 2009, 3:02 pm |
| RE: RE: RE: RE: RE: Reinsurance markets stable | Realist | Jul 1, 2009, 2:16 pm |
| RE: RE: RE: RE: Reinsurance markets stable | Confused | Jul 1, 2009, 2:10 pm |
| RE: RE: RE: Reinsurance markets stable | Realist | Jul 1, 2009, 1:55 pm |
| RE: RE: Reinsurance markets stable | Confused | Jul 1, 2009, 1:45 pm |
| RE: Reinsurance markets stable | Realist | Jul 1, 2009, 1:21 pm |
| Reinsurance markets stable | Confused | Jul 1, 2009, 12:49 pm |
| Back to article | ||
Subject: annual salary of nearly $9 million in 2007.
Comment:
like a good neighbor -Ethical?
: The Chief Executive Officers (
all in the name of the "bottom line."
;Profits and salaries are skyrocketing. The property/casualty and life insurance industries average $30B in profits every year. In fact, the U.S. insurance industry as a whole receives premiums of over $1 trillion (with a "T") every year and has assets of $3.8 trillion.
The Chief Executive Officers (CEOs) of the ten insurers in the report averaged an annual salary of nearly $9 million in 2007.
The Louisiana suit is based on the testimony of a group of former insurance adjusters, who say they found that private insurers overcharged the federal flood program in every single one of 150 cases that were reinspected.
The suit alleges numerous violations of the False Claims Act.
The adjusters say the companies purposely underestimated wind damage, which is paid for by private insurers, while overestimating water damage, which is covered by the federal government. WHAT YR WAS KATRING WAS IT 2005?