A.M. Best Co. has affirmed the financial strength rating of ‘A-‘ (Excellent) and issuer credit rating (ICR) of “a-” of...
P&C Companies News
Insurance executives expect sub-prime and other credit issues to continue to have a significantly negative impact on the industry’s financial...
The National Association of Mutual Insurance Companies (NAMIC) named Sen. Susan M. Collins, R-Maine, as its Federal Legislator of the...
“Canada’s property/casualty insurance sector is stable, but strong capitalization and profitability provide the ingredients for continued softening in the market,”...
The final defendants to settle lawsuits over a 2003 nightclub fire that killed 100 people have agreed to pay survivors...
Shares of American International Group Inc., the world’s biggest insurer, fell sharply Tuesday as investors worried that the company’s large...
As Hurricane Ike takes aim at the Gulf of Mexico, triggering memories of 2005’s devastating storms, reinsurers see temporary underwriting...
Hurricane Gustav will cost the global insurance industry up to $8 billion, Swiss Reinsurance Co. said Monday. Insured damages from...
Swiss Re’s bulletin from Monte Carlo stresses that the “(re)insurance industry is facing a more challenging business environment, characterized by...
A special report on the reinsurance industry from A.M. Best indicates that “the global reinsurance sector should remain profitable in...