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- Advisen Predicts Hardening of Commercial Insurance in Late 2009 Dec 31, 2008
The commercial insurance market cycle is close to its bottom and general commercial insurance prices will begin increasing by the fourth quarter of 2009 or the first ... - 2008: Top Stories of the Year Jan 5, 2009
2008 can be described as a year like no other in the property/casualty insurance world. This year we saw the near death of the world's largest and most successful ... 
After Stormy 2008, P/C Industry Facing Uncertainty in New Year Jan 5, 2009
Ask agents and executives in the insurance industry about the new year and they'll say they expect that the market will harden, at least slightly. In fact, 73 percent of ...- Insurers Say Fair Value Accounting Was a 'Powerful Accelerant' to Credit Crisis Dec 31, 2008
The application of fair value accounting measurements to an inactive, illiquid, and disorderly market for structured credit products helped fuel the worldwide credit ... - Reinsurers 'Unscathed by Financial Crisis' Says Willis Re Renewal Report Jan 5, 2009
According to a just issued report from Willis Re, the reinsurance broking arm of Willis Group Holdings, "the global reinsurance industry has remained substantially ... - Survey: Insurance Ranks No. 2 as Most Important Bill to Pay On-Time Dec 30, 2008
Insurance bills rank as the second highest priority bill for Americans to pay on time, according to a new survey on the bill payment patterns of U.S. households. The ... - $121 Million Distributed to Mission Insurance Customers Dec 31, 2008
California's Conservation and Liquidation Office (CLO) has distributed $121 million to policyholders and claimants from the liquidated estate of the Mission Insurance ... - Climate Change Raises 2008 Cat Losses to $200 Billion Says Munich Re Dec 31, 2008
Munich Re has released its annual report on the natural catastrophes that occurred in 2008, which it describes as "one of the most devastating years on record." 2008's ... - N.J. High Court Rules Gays Entitled to Rights, Benefts of Marriage Oct 25, 2006
The New Jersey Supreme Court has ruled that the equal protection clause of the state's constitution requires that "committed same-sex couples must be afforded on equal ... - Fireman's Fund Insures Payment Card Security Breach for Retail Stores Jan 6, 2009
Fireman's Fund Insurance Co. is introducing the first coverage for retailers that experience a breach of their payment card security system. According to the insurer, ... - Greenbrier Owner Weighs Options for Money-Losing West Virginia Resort Jan 5, 2009
Railroad operator CSX Corp. has hired New York investment banker Goldman, Sachs & Co. to help determine what to do with the money-losing luxury resort. The aim is to ... - Insurance at Issue for Mo. Homeowners Using Wind Turbines, Solar Panels Jan 5, 2009
Problems have arisen with a new Missouri law that was supposed to make it easy for residents powering their own homes to put in wind turbines or solar panels. The idea ... - Lloyd's Analyzes Madoff's Impact on Professional Liability Coverage Jan 2, 2009
The ripple effect from Bernard Madoff 's Ponzi scheme will inevitably flow across the Atlantic concludes an article on the Lloyd's web site (www.lloyds.com). For many ... - Best Removes Hartford from Review; Affirms 'A+' Ratings Dec 29, 2008
A.M. Best Co. has removed from under review with negative implications and affirmed the financial strength ratings of 'A+' (Superior) and issuer credit ratings (ICR) of ... - New York Giant Burress Fumbles Insurance on $140K Mercedes Dec 29, 2008
Add this to the growing list of Plaxico Burress' problems: getting in a car crash and not having insurance on his nearly $140,000 Mercedes-Benz. The suspended New York ... - Study: California Earthquake Would Accelerate US Mortgage Meltdown Jan 6, 2009
In light of current economic conditions, a major catastrophe such as an earthquake in California would bring new misery to both U.S. and international financiers, ... - Catastrophe Losses Up 7% in 2008, Making It One of Costliest Years for Insurers Dec 30, 2008
The high frequency and severity of Atlantic hurricanes in 2008, coupled with other weather-related and man-made losses, placed the year among the costliest on record for ... - Former AIG CEO Willumstad Foregoes Some Stock Awards Dec 31, 2008
Former AIG chief executive Robert Willumstad will forego stock awards he was granted as part of his agreement to step into the insurer's top post last June, the company ... - Insurers Beginning to Weigh Economic Capital Modeling in Strategizing Dec 29, 2008
Insurers are making increased use of economic capital modeling in the Enterprise Risk Management (ERM) process and it is starting to influence their strategic ... - Rockwood, Modern Insurance Create Errors & Omissions Firm Jan 5, 2009
Rockwood Programs has partnered with Modern Insurance of Florida to establish a new subsidiary company named Modern Insurance Consultants, LLC that will focus on errors ... - Four in Florida Charged in $1 Billion Viatical 'Ponzi' Scheme Jan 6, 2009
Four Mutual sales agents with Mutual Benefits Corp., a viatical and life settlement company, for their alleged involvement in a scheme that officials say raised more than ... - S&P Explains How Mitsui, Aioi, Nissay Merger Plans May Affect Ratings Jan 5, 2009
Standard & Poor's Ratings Services said today that media reports of a possible merger among Mitsui Sumitomo Insurance Group Holdings Inc., the holding company of Mitsui ... - Study: Deadliest Hotspots for Teen Crashes on New Year's Holiday Dec 30, 2008
Some have called New Year's Eve "amateur hour" on the roads. That couldn't be more true for teen drivers, who, even if they haven't been drinking, lack experience behind ... - Massachusetts Agents Want Regulator to Rein in Progressive Dec 23, 2008
A trade group for Massachusetts insurance agents has asked the state's top regulator to force Progressive Insurance to take down its Web site, which agents say routinely ... - AIG's Boren, O'Brien to Head New Ironshore Environmental Insurance Unit Jan 6, 2009
Bermuda-based Ironshore Inc. announced that Joe Boren and John O'Brien have joined as CEO and president, respectively, of its newly established Environmental Insurance ...