Swiss Re’s latest sigma study – “Natural Catastrophes and man-made disasters in 2007” – examines catastrophe-related economic losses from natural and man-made disasters last year, which exceeded $70 billion. Swiss Re also noted that the disasters caused the deaths of …
Massachusetts medical professionals are calling for reforms to the state’s medical liability system that they say will protect physicians from more lawsuits and help control insurance costs. To support their call, the physicians are citing a new report that terms …
The Minnesota Senate’s main budget committee set the price of compensating victims of the Interstate 35W bridge collapse at $25 million signaling delicate negotiations with the House over its $40 million plan. The most significant question revolves around whether to …
Young property/casualty insurance agents and brokers across the U.S. are being called upon to answer some questions … and have some fun. Who are you? What do you really think about your career? about your industry? about the older agents …
EQECAT, Inc., and its parent company, ABSG Consulting Inc. (ABS Consulting), have conducted a joint analysis to refine EQECAT’s U.S. Offshore Energy Model, using “recent operator damage data and information regarding practices for the mobile assets in the Gulf of …
A.M. Best Co. commented that the financial strength (FSR) and issuer credit ratings (ICR) of White Mountains Insurance Group, Ltd. and its principal operating units are unchanged following the recently announced exchange agreement with Berkshire Hathaway Inc. ((See IJ web …
Fitch Ratings has downgraded CIFG to ‘AA-‘ from ‘AAA’ and kept the ratings on Rating Watch Negative. The downgrade affects the Insurer Financial Strength (IFS) ratings for CIFG Guaranty and affiliates – CIFG Guaranty; CIFG Assurance North America, Inc.; CIFG …
Horst and Luisa Ferrero, of Gainesville, Fla., took their 3-year-old, Sebastian, in for a medical exam last October. Two days later he was dead, killed by a series of medical errors that began with a massive drug overdose. The tragedy …
AIG Private Client Group said it will begin offering its Hurricane Protection Unit service to some of it high net worth policyholders in New York, New Jersey and Florida. The service provides a hurricane mitigation specialist who, prior to a …
A jury found a hospital liable in an 11-month-old boy’s beating death and ordered hospital officials to pay $400,000 in damages to the boy’s relatives. Six jurors deliberated more than eight hours before returning their verdict in the lawsuit filed …