A Look at Year-End 2010 Loss and Loss Adjustment Expense Reserve Adequacy June 14, 2011 By Joseph L. Petrelli and Steven J. Groeschen Loss and loss adjustment expense reserve development has traditionally been the focus of actuaries, auditors and financial analysts. Statutory insurance...
Starr Aviation to Offer Personal Non-Owned Coverage June 14, 2011 Starr Aviation Agency, Inc. (Starr Aviation), a member of Starr Cos., has launched a personal non-owned offering for both renter...
Markel Introduces Medical Umbrella Product June 14, 2011 Markel Corp. has launched a new umbrella product for Allied Healthcare accounts. This product will serve as a lead umbrella...
Best Affirms Hanover Insurance Group and Subs Ratings June 14, 2011 A.M. Best Co. has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of...
Fireman’s Fund Offers 10% Discount to Homeowners With Estate Managers June 14, 2011 Novato, Calif.-based Fireman’s Fund Insurance Co. announced it is offering a 10 percent discount to homeowners with formally trained estate...
Draft Data Breach Bill Requires Quick Disclosure June 14, 2011 Draft legislation is being circulated in Congress that would require firms to make reasonable efforts to secure customers’ personal data...
Aon, Global Excess Partners, Terminix Partner to Deal with Bed Bugs June 13, 2011 According to a survey released earlier this year by the National Pest Management Association, one out of five Americans has...
Supreme Court Defines Primary Liability in Mutual Fund Prospectus Case June 13, 2011 By James Vicini and Ross Kerber Janus Capital Group Inc. and a subsidiary cannot be held liable in a lawsuit by shareholders over allegedly false statements...
Commercial Insurance Prices Still Flat But Workers’ Comp Moving Up June 13, 2011 Commercial insurance prices were relatively flat for the ninth consecutive quarter, and new data confirm the deterioration of loss ratios...
Private Antitrust Lawsuits Decline in U.S. June 13, 2011 By Dan Levine Price-fixing lawsuits against the air-cargo industry have produced steady cash flow for U.S. plaintiff lawyers and their clients, with total...