News
Donelon: Fewer Customers Have Citizens Insurance
Louisiana Insurance Commissioner Jim Donelon says the state-run insurer of last resort has its lowest number of customers since Hurricane Katrina struck Louisiana eight years ago. Donelon says the ...
Legislators Look into Questionable Insurance Deal
The head of Florida's largest property insurer defended on Tuesday a controversial deal to pay millions to a startup insurance company that made campaign donations to Gov. Rick Scott. But Barry ...
A.M. Best Upgrades AXIS Capital Holdings to A+
A.M. Best Co. has upgraded the financial strength rating of AXIS Specialty Ltd. and its operating affiliates to "A+" (Superior) from "A" (Excellent) and its issuer credit ratings to "aa-" from "a+". ...
U.S. Developing ‘Richter Scale’ for Wildfires
U.S. researchers have been working on a system to measure and predict the destructiveness of wildfires—similar to the way officials use the magnitude scale for earthquakes and other tools to rate ...
Berkshire Seen as Just One More Competitor to E&S Execs
Despite Berkshire-Hathaway's entrance into specialty insurance business, standard markets are still the players most capable of changing the dynamics of the surplus lines market, executives said ...
Insurers Offer Discounts for High Net Worth Client Inventory, Appraisal Service
A high tech start-up is promising to give property/casualty insurance companies and brokers access to real-time data on their upscale insureds' property and possessions, making it easier for the ...
Regulators Eye Global Guidelines for Financial Crimes and Punishment
Crooked bankers and insider traders would have no safe havens under planned global guidelines for market-abuse penalties, amid concerns some countries don't have strict enough rules. Culprits should ...
MetLife: Lack of Auto, Home Insurance Sales ‘Ridiculous’
MetLife Inc., the largest U.S. life insurer, is pushing agents to sell more car and residential coverage after the head of the company's main retail business said they've been missing an opportunity ...