The Chinese insurance industry recorded premium income of 1.43 trillion yuan (approx. US$227 billion) for the whole of 2011, down 1.3 percent compared to the previous year, according to data released by China...
According to statistics from the China Insurance Regulatory Commission (CIRC), Guangdong province (excluding Shenzhen) ranked the first place among the country with an insurance premium of 121.9 billion yuan (approx. US$19.3 billion) for...
Survey respondents to Aon Risk Solutions' 2011 Global Risk Management Survey cited senior management's intuition and experience as the primary method to identify major risks, the report underlines the importance for organizations to...
Three-quarters of executives surveyed at the Insurance Information Institute's Property/Casualty Insurance Joint Industry Forum in New York said they expect an improvement in profitability in 2012. III conducted the survey at the forum,...
Insurance buyers are continuing to be affected by fluctuating economic conditions, with unfavorable repercussions on the P&C industry, according to Ernst & Young's Property-Casualty Insurance Industry Outlook. Low premium growth is expected to...
2011 was one of the most active on record for natural catastrophes, with 253 events generating an economic loss of $435 billion, according to Aon Benfield's Annual Global Climate and Catastrophe Report. At...
Uderstanding the developing trends in any market segment is critical to having a successful year. 2012 promises many changes in the insurance industry, but particularly in the environmental segment. Events are finally moving...
Regulators have long sought to make it easier for consumers to comprehend the terms of insurance contracts by insisting that policy forms be written in language that most consumers can understand. They typically...
The National Flood Insurance Program (NFIP) has breathing space until May 31 through one of President Barack Obama's last actions of 2011 on Dec. 23. But it remains unclear whether the latest extension...
A court of appeals found in favor of an insurance agent regarding an insured's claim that the agent and his agency failed to properly advise the insured regarding replacement-cost coverage for improvements to...
When John Fogerty musically asked "Who'll Stop the Rain?" 40 years ago, he was pondering the world's disquiet. But given the economic and insured damage from natural catastrophes that deluged the U.S. and...
All Risks LTD Insurer(s): Various carriers rated "A" or better. Coverages available for: Pollution legal liability, contractors' pollution liability, pollution/professional liability, pollution/CGL liability, storage tank liability insurance, lenders' liability. Other pollution risks accepted:...
A Colorado law firm's sad tale reemphasizes why it's important to strictly observe the notice requirements of a professional liability insurance policy. The hard lesson was handed down Tuesday by a federal judge...
Trucking companies lose almost $4 billion a year in productivity when drivers have to wait out loading delays, according to the U.S. Transportation Department, and a congressman and federal advisory board want a...
The Surface Transportation Board has revised a year-old decision that was meant to enhance consumer awareness of damageErotection options when they use household goods carriers. In its ruling dated Jan. 12, the agency...
HEALTH CARE Demetrios Kadenas joined Peconic Bay Medical Center in Riverhead in the newly created position of chief development officer. Kadenas most recently spent five years as a consultant and executive director with...
Louisiana accounted for the third most premiums through the National Flood Insurance Program as of Nov. 30, with policyholders having paid $345.1 million into the program. Florida had the most with nearly 2.1...
Hard-up diamond peddlers fake a robbery complete with gun-toting Hassidic Jews. A pastor plans the execution of a disabled parishioner. A mortician stages an imaginary death of an imaginary man, using cow parts...
Price comparison sites, or aggregators, are one of the recession's winners; ever more cash-strapped consumers are drawn to the sites by the promise of savings to be found on personal insurance products. Their...
NEW YORK -- Starr Companies announced that Shane McCaffrey has been named Profit Center Manager in charge of Defense Base Act and Foreign Casualty insurance for U.S. based multinationals. Shane will be based...