NEW YORK — Prominent insurance leaders were bullish on the prospects for improved industry performance and for tort system reform here earlier this month, but not so with respect to a federal initiative to cap soaring asbestos liabilities. “The insurance …
NEW YORK – Two years into the hardest market in decades, the insurance business is still paying the price for the “irrational exuberance” of its recent years, in the words of Robert Partridge, a Managing Director at Standard & Poor’s. …
Two years into the hardest market in decades, the insurance business is still paying the price for the “irrational exuberance” of its recent years, in the words of Robert Partridge, a managing director at Standard & Poor’s. Partridge told an …
At S&P’s insurance conference, held annually in New York, prominent insurance leaders were bullish on the prospects for improved industry performance and for tort system reform, but not so with respect to a federal initiative to cap soaring asbestos liabilities. …
The property and casualty industry is well into a rebound from the terrorist attacks of Sept. 11, 2001, with premiums increasing aggressively for more than a year, a trend that will certainly continue throughout 2003 and into 2004, according to …
Those rope-burned hands on this week’s cover graphically depict the dire straits of the workers’ compensation market in California. Safe to say, it’s now in full-blown crisis, as overused and overblown as that word is. The most recent evidence of …
As I was saying, before I was so rudely interrupted… Last time, we draped our cover and opening prose in funeral black crepe proclaiming 2001 “The Worst Year Ever”, the property and casualty business having just reported its first-ever annual …
New York—The insurance business needs help in the form of terrorism coverage, but it’s no panacea, warns Robert V. Mendelsohn, the American Chief Executive of London-based Royal & Sun Alliance Insurance Group. Among the lessons of Sept. 11 is that …
This week’s cover of Insurance Journal tells a gruesome tale, if not an unexpected one: the nation’s property-casualty insurance industry suffered its first-ever net loss for a full year in 2001. There was another “Worst Year Ever” before this one, …
WASHINGTON – Though other Capital insiders are less optimistic, Sen. Christopher Dodd thinks impediments to passage of a government-backed terrorism insurance measure can be negotiated away in a hurry. “I think, I believe we can do this in two weeks,” …
