Commercial insurance prices in aggregate increased by nearly five percent during the first quarter of 2012, the fifth consecutive quarter that prices rose. In addition, commercial insurers’ loss ratios stabilized for most insurance lines and improved in lines with the …
Last week’s deal by Prudential Financial to take on $26 billion of the retirement liabilities of General Motors has reignited a part of the American insurance market that had been bouncing along the bottom in recent years. But experts in …
A former on-air forecaster for The Weather Channel is suing the network, claiming it illegally discriminated against her because of her military service. Nicole Mitchell, a meteorologist, says in the suit that her contract was not renewed by the channel …
The Mississippi Supreme Court has ordered a new trial in a workplace asbestos exposure case in which a Jones County man was awarded $15.2 million. However, the Supreme Court did not rule on the jury verdict. Instead, the justices found …
As a safety demonstration, it was a heart-stopper: A Ford Taurus was seconds away from cruising through an intersection when suddenly a row of red lights pulsed on the lower windshield and a warning blared that another car was approaching …
London-based CFC Underwriting has launched an excess underwriting capability. CFC is a specialist lines underwriting agency backed by 17 Lloyd’s syndicates. It has clients in over 50 countries around the world and specializes in “developing and distributing cutting edge insurance …
Global trade credit insurers have increased their exposures in the sector by over €180 billion [$226.8 billion], despite the continuing unstable economic environment. At a recent meeting in Singapore the members of the International Credit Insurance and Surety Association (ICISA) …
XL Group announced that its Political Risk and Trade Credit (PRTC) business has received approval from Lloyd’s to write Political Risk and Trade Credit risks using the Lloyd’s platform via XL Group’s Lloyd’s Syndicate #1209. XL also announced the expansion …
Euro zone finance ministers rushed Spain into an EU-funded rescue for its debt-stricken banks to pre-empt the threat of a bank run if Greece’s debt crisis flares again but any respite for Madrid and the euro may be short-lived. After …
Colony Specialty, a member of Argo Group International Holdings, Ltd., is now offering business auto coverage in conjunction with its general liability and pollution coverages through their environmental division. The admitted product targets operations including: the fleets of environmental contractors …
