There is no reason to expect any change in hurricane patterns in the near future, the number of hurricanes have been increasing since 1995 and will continue to do so for the next decade or two, according to Max Mayfield, …
The World Insurance Forum, set for Feb. 21-23, is an industry hosted conference for world insurers, reinsurers, risk managers, regulators, financiers and brokers. It is a biennial event held in Bermuda and provides a platform for open and transparent discussion …
A.M. Best Co. has placed the financial strength rating of A- (Excellent) of North American Casualty Group (San Francisco) and its subsidiaries under review with positive implications. North American Casualty Group includes the pooled operations, California Insurance Company (San Francisco) …
Bermuda-based Montpelier Re Holdings Ltd. reported that G. Thompson Hutton has resigned as a director of the company with immediate effect, following his appointment as president and chief executive officer of White Mountains Re Group Ltd. Anthony Taylor, chairman and …
Toronto-based Fairfax Financial Holdings Limited had a net loss of $318.1 million in the fourth quarter of 2005 and $497.9 million for the 2005 year. The falls come after absorbing losses from Hurricanes Katrina, Rita and Wilma during the fourth …
Mercury Insurance is partnering with Oklahoma State Cowboys basketball to give fans the chance to win $10,000 at each Big 12 Conference home game played this season at historic Gallagher-Iba Arena. Dubbed the Mercury Insurance Three Point Thrills contest, one …
National statistics show insuring your home and vehicle is cheaper in Wisconsin than nearly any other state, according a report from Wisconsin Public Radio. Data from the National Association of Insurance Commissioners shows the average combined home and auto insurance …
The Independent Insurance Agents and Brokers of South Carolina, during its 2006 annual membership meeting named Jon A. Jensen, chairman of the board; Julius J. Anderson Jr., chairman-elect and treasurer; and W. Ashley Brady, Phillip A. Compton and Russell B. …
CHOICE Medical Management Services, LLC has launched the first ever comprehensive workers’ compensation physician practice analysis. “This is the first provider analysis in the industry using data from the whole claim, medical, indemnity and total claim costs, as well as …
Those new to property and casualty insurance are reportedly first struck by the cyclical nature of the industry. Generally, extended periods of soft pricing are followed by much shorter periods of hard pricing. After three solid years of price firming, …
