Industry News
Florida Catastrophe Fund Stronger As Storm Season Nears
Florida is heading into a new storm season with some good news for once. The state-created fund that backs up private insurers in Florida is in the best financial shape it has been in years — maybe ...
CFOs Express Growing Confidence in U.S. Economy
During the past year, chief financial officers (CFOs) have grown significantly more confident in the U.S. economy. The 2013 Spring CFO Survey from Grant Thornton LLP reveals that 45 percent of ...
Workers’ Compensation Results Looking Better: NCCI
The workers' compensation market is seeing encouraging signs. Premiums grew for the second consecutive year, the combined ratio declined and claim frequency continued to improve at a pace slightly ...
Insurance Ops Still AA+ At Berkshire, But S&P Cuts Holding Co. Credit Rating
Applying a new group rating methodology to its assessment, Standard & Poor's lowered the counterparty credit rating for Warren Buffett's Berkshire Hathaway Inc. by one notch—to "AA" from ...
Controversial Global Accounting Rule Alters Treatment of Property, Equipment Leases
Company balance sheets could swell by trillions of dollars under an international plan issued on Thursday by two accounting bodies to show more clearly the cost of leasing everything from ...
BP Wants UK Prime Minister to Intervene on Gulf Spill Claims: BBC
British oil company BP wants Prime Minister David Cameron to intervene with the U.S. government over the escalating cost of compensating U.S. companies for the Gulf of Mexico oil disaster in 2010, ...
Emerging Markets Stoking Insurance Growth: Munich Re
Emerging markets will see the highest growth in premiums for insurance companies this year and next, while Europe lags, according to the world's biggest reinsurer, Munich Re. In a study published on ...
Giant Insurer, Home for Struggling Women End Bitter Battle Over Property
An insurance company has bought out a nonprofit home for struggling women in Cincinnati in a deal announced this week, ending a bitter two-year court battle over the historic property in a ...