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Thursday, October 21, 2010
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Soft market conditions continued during the third quarter, but the rate of decrease slowed according to the RIMS Benchmark Survey™, administered by Advisen Ltd. Every line of insurance tracke...
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The soft market continued unabated in the third quarter, fueled by strong competition and sufficient capacity, according to The Council of Insurance Agents & Brokers’ third quarter Commer...
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The unprecedented level of property losses caused by Katrina and the other hurricanes of 2004 and 2005 profoundly altered the workings of the residential insurance market in the Gulf States. Many p...
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The Institute for Business & Home Safety (IBHS) today announced the grand opening of its multi-risk building science research center in Chester County, S.C.
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HCC Insurance Holdings, Inc. announced on Wednesday that it will combine Professional Indemnity Agency, HCC Public Risk, and HCC Specialty Underwriters under its newly created underwriting division...
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Fitch Ratings Ltd. says that the Gulf of Mexico oil rig spill could end up costing the insurance industry as much as $6 billion.
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Everest Re Group Ltd. said it expects third-quarter net income, including net realized capital gains and losses, to be in the range of $2.95 to $3.20 per share. After-tax operating income, wh...
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Reinsurance broker Willis Re has merged its teams handling continental European and UK-based property and casualty business into an expanded European unit, called Willis Re Europe, and is establish...
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Losses absorbed from bad mortgages made by Fannie Mae and Freddie Mac could end up costing the government $363 billion according to the companies' regulator.
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That the recent global financial crisis has put a spotlight on enterprise risk management (ERM) practices for financial service companies, including the insurance industry, is borne out by Tow...
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