BP’s Gulf Spill Costs Look Manageable 8 Months Later December 31, 2010 By Chris Kahn As the Gulf oil spill gushed out of control, BP’s financial liabilities seemed big enough to sink the company. No...
Willis Re: Overcapacity Keeps Renewal Rates in Reinsurance Down December 31, 2010 “Overcapitalization in the reinsurance market continues to gradually push rates downwards with price reductions at the January 1, 2011 reinsurance...
Test Your 2010 Insurance News IQ: 25 Questions December 31, 2010 Are you an insurance news hound? Test your insurance news IQ and find out. The following questions and answers (at...
Federal Audit Rips Spending for Texas Hurricane Cleanup December 31, 2010 By Michael Graczyk A scathing audit by the federal Department of Homeland Security questions whether some $45 million in public money was properly...
BP’s Gulf Spill Costs Look Manageable 8 Months Later December 30, 2010 By Chris Kahn As the Gulf oil spill gushed out of control, BP’s financial liabilities seemed big enough to sink the company. No...
Reinsurance Renewal Rates On the Decline, Reports Claim December 30, 2010 Reinsurance rates for 2011 are falling at the same or greater pace than traditional insurers and further softening of the...
Flagstone Re Places $210 Million Cat Bond Using RMS Paradex Indices December 29, 2010 Flagstone Reassurance Suisse SA and Risk Management Solutions have announced the successful placement of $210 million of multi-peril Montana Re...
Best Affirms USAA and Subs ‘A++’ Ratings; Outlook Stable December 29, 2010 A.M. Best Co. has affirmed the financial strength ratings (FSR) of ‘A++’ (Superior) and issuer credit ratings (ICR) of “aaa”...
Rates Rising But Florida Home Insurers Report Still Losing Money December 28, 2010 Many Florida homeowners expected relief from the higher property insurance bills that followed the busy 2004 and 2005 hurricane seasons....
Chartis Obtains $450 Million Cat Bond with Lodestone Re December 28, 2010 Chartis announced that it has entered into a reinsurance transaction with Lodestone Re, which will provide $450 million of protection...