Performance
Top 10 U.S. Aircraft Insurers: SNL
American International Group Inc. (AIG) has been reported to be the lead insurer for the recent Asiana Flight 214 tragedy in San Francisco. AIG's role is not surprising, given its presence in Asia ...
Chubb Estimates Q2 Cat Losses at $240M
The Chubb Corp. estimates that catastrophe losses in the second quarter will be approximately $240 million before tax, or $156 million after tax ($0.60 per share after tax). The company said that ...
Commercial Lines Prices Up by 5% Again in June: MarketScout
Increases for commercial property/casualty insurance rates in the United States were again about 5 percent during June, the fourth straight month at that pace. According to the latest composite index ...
S&P to Defend Credit Rating ‘Puffery’ in Case Over Fraud Charges
Standard & Poor's, getting its first shot in open court at U.S. Justice Department claims it should pay as much as $5 billion in civil penalties, will defend itself by arguing reasonable ...New Guy Carp Group Targets Mutual Co. Capital, Growth Issues
Last week, Guy Carpenter & Company, LLC, announced the launch of a Mutual Company Specialty Practice, which will focus exclusively on the unique needs of mutual insurance companies. The practice ...
FASB Proposes Better Disclosure Of Going Concern Doubts; Seeks Comment
Last week, the Financial Accounting Standards Board issued a proposal aimed at improving disclosures of uncertainties related to an organization's ability to continue as a going concern. The proposed ...
Insurance Industry Facing Accounting Overhaul in Line with Global Standards
The biggest overhaul of insurance accounting in 30 years was to advance a step on Thursday with the release of a proposal that some insurers fear could make their profits more volatile. In a move to ...
The Hartford Selling U.K. Variable Annuity Biz To Berkshire
The Hartford announced today that the company has signed a definitive agreement to sell its subsidiary, Hartford Life International Limited (HLIL), in a cash transaction to Columbia Insurance ...