17 Sep 2004 05:22 AM

Category 3 hurricane Ivan hit U.S. south-eastern coast on Thursday. The hurricane will strike people’s lives and property with the killing impact on insurers, analysts say.

16 Sep 2004 08:12 AM

One of the strongest hurricanes of the year, Ivan, reached the U.S. south-eastern states with at least two people killed. The hurricane has great impact on oil prices.

15 Sep 2004 09:57 AM

Tuesday report showed if attempt to extend the U.S. Terrorism Risk Insurance Act do not succeed U.S. economy will face jeopardy.

14 Sep 2004 08:52 AM

According to the recent research, global reinsurance rates are too weak to uphold profitability.

14 Sep 2004 07:29 AM

The South-eastern U.S., which is expected to be stricken by the Category 5 Hurricane Ivan, can suffer insured damages of about $16 billion, hurricane watchers say.

14 Sep 2004 07:12 AM

As soon as tomorrow morning Category 5 Hurricane Ivan may reach south-east of the U.S., hurricane watchers predict. The hurricane may hit Louisiana on the west to St. Marks, Florida on the east, and New Orleans. “The area of most concern is from the eastern coast of Louisiana to the Florida panhandle,” said Hector Guerrero, meteorologist at the hurricane center.

13 Sep 2004 10:11 AM

The arbitration for $250 million is being sought by insurance underwriters as some defects in Boeing spacecrafts were found.

10 Sep 2004 09:02 AM

Ivan, one of the strongest storms of the season with the winds of 150 mph, is moving towards Jamaica. Specialists wary it to become the third hurricane to hit Florida within a month.

09 Sep 2004 10:53 AM

Recent researched has shown health premiums increase speed to be fivefold higher than workers’ salaries in the U.S. Premium increases rose 11.2% this year against 13.9% of 2003. Still, it is five times much as compared both with inflation and worker income, it said.

09 Sep 2004 10:38 AM

Fitch Ratings’ outlook for the global reinsurance industry can be called stable. Normal catastrophe experience in the second half of 2004 should result in rates remaining flat or dropping slightly at Jan

09 Sep 2004 10:22 AM

In 2005, health care costs’ growth is expected to ease, specialists say. A trend rate, health claims costs per person, is expected to hit the record of 13.1% for preferred provider organization coverage being lower than this year 14.4%. Trend rates for health maintenance organization coverage

09 Sep 2004 07:40 AM

According to the Association of British Insurers data, almost 9 million UK women do not have savings for retirement Association’s research showed that women have fewer chances to save for their retirement against men, having several “extra” issues, such as childcare, lack of state support and employers refusals to contribute.

09 Sep 2004 05:29 AM

Admiral group, a motor insurer and broker, has offered 32% of its shares to institutional investors. It is going to enter the market with a valuation £634 million to £776 million.

09 Sep 2004 03:56 AM

American International Group, the world’s largest insurance company, says hurricane damage in Florida may prevent decline in property insurance. Its chairman Maurice

08 Sep 2004 05:31 AM

Mitsui Sumitomo Insurance, the second largest non-life insurer in Japan is likely to try to extend its business by the purchase of Aviva’s Asian unit.