27 Jul 2004 06:03 AM

According to A.M. Best Co., Canadian property/casualty insurance market returned to profitability last year on the strength of the hard market and insurers’ emphasis on sound underwriting practices. After

26 Jul 2004 05:25 AM

Legislation to extend and expand the Terrorism Insurance Act of 2002 has been introduced in the Senate by sponsors from both parties, according to Business Insurance. The

24 Jul 2004 04:51 AM

Aetna said Friday that it will pay $4 million to dentists and another $1 million to the American Dental Association Foundation in a class-action suit payment, according to CBSMarketWatch. The payment was approved by a U.S. Federal Court on Thursday. The insurer said it had already accounted for the cost of the

23 Jul 2004 06:22 AM

The commercial property/casualty insurance market continued to soften during the second quarter of 2004, according to the Council of Insurance Agents & Brokers’ latest commercial market index. Thirty

22 Jul 2004 05:01 AM

AIG said second-quarter profit rose 26 percent after it expanded its life insurance and annuities businesses in Asia.

20 Jul 2004 10:21 AM

Shares of insurer AIG (AIG) were down $1.37, or 2 percent, at $67.43, completing a "head-and-shoulders" reversal pattern and breaking below a weekly trendline in the process. The two "shoulders" are the mid-February high of $75.66 and the June 7 high of $74.98, the top of the "head" is the April 13 high of $77.36 and the "neckline

20 Jul 2004 05:25 AM

Fitch Ratings has revised its rating outlook for the U.S. commercial lines insurance market to stable from negative, according to Business Insurance. Fitch’s

20 Jul 2004 03:39 AM

Reinsurer Converium (CHR) fell 29% in Swiss trade after it warned second quarter results will miss expectations due to higher U.S. casualty loss emergence, relating to underwriting years 1997 to 2001. Reserves

19 Jul 2004 06:19 AM

A London-based investment company is seeking to consolidate several smaller Lloyd’s of London companies into a single, publicly traded entity.

19 Jul 2004 04:51 AM

The Assn. of Insurance and Risk Managers has welcomed an indication from the Financial Services Authority that most group risk managers will not be regulated as insurance intermediaries.

16 Jul 2004 05:55 AM

AIG (AIG) , the world’s most valuable insurer, said on Thursday it had won initial approval to set up an asset management venture in China in a maiden foray into the country’s booming mutual funds sector.

16 Jul 2004 05:21 AM

After several years of soaring prices, a majority of businesses are beginning to pay less for insurance, according to an industrywide survey released on Thursday by the Risk and Insurance Management Society.

14 Jul 2004 08:57 AM

Senate Majority Leader Bill Frist, R-Tenn., supports capping the extent to which employer-provided health care

09 Jul 2004 05:18 AM

Catastrophes caused an estimated $1.65 billion in insured property damage during the second quarter of 2004, according to the Property Claim Services unit of the Insurance Services Office Inc.

09 Jul 2004 05:06 AM

The Indiana Court of Appeals has upheld the authority of the state’s insurance commissioner to levy an annual special assessment on several insurers selling stop-loss insurance to self-insured health plans operated