Insurance News

Posts Tagged ‘2009

NEW YORK (Reuters) – Private weather forecaster WSI Corp said on Monday it still sees a quiet 2009 Atlantic hurricane season with conditions not conducive to an active year for violent storms.

WSI’s updated forecast predicted a season of 10 named storms, five hurricanes and two intense hurricanes of category 3 or greater, unchanged from its July forecast. In July, WSI cut its forecast from 11 named storms to 10.

“The forecast numbers Read the rest of this entry »

Aug. 17 (Bloomberg) — Catastrophe bonds, used by investors to bet against natural disasters, climbed to their highest level this year as hurricane outlooks called for a calmer season.

The Swiss Re Cat Bond Price Return Index advanced 0.3 percent to 90.56 on Aug. 14, the sixth straight weekly gain, as investors bet insurers are less likely to collect on the securities.

Insurers, including Chubb Corp. and Assurant Inc., sell the Read the rest of this entry »

NEW YORK—U.S. property/casualty insurance rates may begin to firm in the second half of 2009, but “adequate” levels of capital and the ongoing recession likely will keep any rate increases modest, analysts and industry executives say.

Among primary commercial lines insurers, recent pricing surveys show progressively smaller year-over-year price declines, raising the possibility that the average rate change will turn positive sometime Read the rest of this entry »

COLUMBUS, Ga., April 13 /PRNewswire/ — Aflac today was named to the Ethisphere Institute’s annual list of World’s Most Ethical Companies. This marks the third consecutive year Aflac has been included on the prestigious list.

“At Aflac we place a strong emphasis on treating our customers, colleagues, shareholders and the public with honesty and respect,” Aflac Chairman and CEO Dan Amos said. “Landing on the World’s Most Ethical Companies Read the rest of this entry »

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Property/casualty industry executives don’t think the financial crisis is near its end, according to survey conducted by the Insurance Information Institute during the 12th annual Property/Casualty Insurance Joint Industry Forum in New York.

According to the survey, which was released Wednesday, 66% of the nearly 100 surveyed executives believe the economic woes will continue.

That pessimism extended to the executives’ Read the rest of this entry »