In an article on the Lloyd’s web site Franchise Performance Director Rolf Tolle noted that “Lloyd’s companies are demonstrating a strong commitment to managing the underwriting cycle as market conditions continue to soften across the industry.” But he warned that …
Another very profitable year for commercial lines insurers, sparked by yet another exceptionally mild hurricane season, is emerging for the entire U.S. property/casualty industry, says Standard & Poor’s Ratings Services. An article recently published by S&P, “2008 U.S. Commercial Lines …
According to the Association of Bermuda Insurers and Reinsurers (ABIR), International insurance and reinsurance companies based on the island employ over 9,000 Americans and indirectly generate an estimated 95,045 jobs in the US. ABIR’s study, “Analysis of the US Economic …
Tennessee Investigators are trying to discover the cause of a fire Monday that killed nearly 30 spotted saddle horses at a Shelbyville stable. The blaze at Dickie Gardner Stables was discovered around 3 a.m., officials said. Gardner said he and …
Chapel Hill, N.C.-based James River Group Inc. announced that Franklin Holdings (Bermuda), Ltd., a Bermuda holding company and member of the D. E. Shaw group, has received approval for its acquisition of the company from the State of Ohio Department …
Fortis, the Belgian/Dutch banking and insurance group, and Ping An Insurance (Group) Company of China, Ltd. jointly announced that Ping An Life Insurance Company of China, Ltd.,a subsidiary of Ping An Group, had acquired approximately a 4.18 percent stake in …
Encompass Insurance has further lowered its 2008 Massachusetts auto insurance rates for preferred risks by 5 percent, resulting in an overall statewide average decrease of 4.5 percent compared to the 3.4 percent in its original filing. The insurer has also …
West Virginia Insurance officials arrested three individuals in Putnam County for alleged insurance fraud. The Insurance Commissioner’s Fraud Unit arrested Diana K. Phillips, 52, of Hurricane, Charles Keith Phillips, 44, of Hurricane and James T. Willis, 39, of St. Albans …
The Government Accountability Office is recommending tougher oversight of safety at the nation’s federal nuclear weapons laboratories, contending there have been persistent safety problems in recent years, including nearly 60 serious accidents or near misses since 2000. Republican Reps. Joe …
A former Carlsbad, New Mexico, resident who claims a Franciscan brother sexually abused him as a teenager in the late 1970s is suing the brother, the order he belongs to and two local parishes. The civil lawsuit, filed Wednesday in …
