Insurers Oppose South Carolina Bill on Construction Defects February 9, 2011 Insurers have come out against a move by South Carolina lawmakers to extend general liability policies to include construction defects....
Aon Warns Companies in Middle East to Plan for More Unrest February 9, 2011 Aon Risk Solutions, the global risk management arm of Aon Corp., is advising companies in the Middle east to “begin...
AIG to Take $4.1 Billion Q4 Charge for Reserves February 9, 2011 By Elinor Comlay Bailed-out insurer American International Group Inc. said it would take a $4.1 billion charge at its Chartis unit after a...
SPECIAL REPORT: Extreme Weather Batters Insurance Industry February 9, 2011 By Ben Berkowitz In Chester County, South Carolina, off a dirt road in the middle of a field, insurance companies are literally unleashing...
Willis Makes Changes in its Reinsurance, Wholesale & Placement Units February 9, 2011 Willis Group Holdings has announced a series of leadership appointments in its reinsurance, wholesale and placement divisions. The management changes...
Climate Skeptics Remain Unpersuaded by Extra-warm 2010 February 9, 2011 By Deborah Zabarenko Remember 2010? U.S. and international scientists reckon it tied for the warmest year on record, supporting findings of unequivocal global...
XL Group Posts $188 Million Q4 Net Income; FY $585.5 Million February 9, 2011 The XL Group announced significant income gains for both the fourth quarter of 2010 and for the full year. Net...
AXIS Capital Posts $264 Million Q4 Net Income; FY $820 Million February 9, 2011 Bermuda-based AXIS Capital Holdings Limited reported net income available to common shareholders for the fourth quarter of 2010 of $264...
RenRe’s Q4 Net Income – $122.6 Million; FY $702 Million Show Decreases February 9, 2011 Bermuda-based RenaissanceRe Holdings Ltd. reported net income available to common shareholders of $122.6 million or $2.23 per diluted common share...
Accidents Shine Spotlight on Grain Elevators February 9, 2011 By Mikkel Pates Recent high-profile accident cases have put a regulatory spotlight on grain elevators. Speakers at the North Dakota Grain Dealers Association...