Insurance News

Posts Tagged ‘sees

The credit profile for personal lines of insurance in the United States is stable, despite intense underwriting competition and a weak economy, Moody’s Investors said.

In a report, the New York-based rating agency cites the sector’s core underwriting earnings power, resilience to a weak economy and good risk-adjusted capitalization as reasons for the stable outlook.

The company said it expects core underwriting earnings (excluding Read the rest of this entry »

Risk Management Solutions said its newest catastrophe models for earthquake risks in the United States will likely cut insured loss estimates 10 to 25 percent.

RMS in Newark, Calif., said the changes would be most felt in California and the reduction applied to the average insurer across all lines of business, with more modest changes in loss estimates for commercial business lines and larger reductions for residential lines.

The Read the rest of this entry »

DES MOINES, Iowa (AP) — Assurant Inc. awarded President and Chief Executive Robert B. Pollock compensation valued at $5.4 million for fiscal 2008, a 53 percent increase over the previous year, according to Associated Press calculations of data filed with regulators.

In a filing with the Securities and Exchange Commission on Thursday, the New York-based insurer reported paying Pollock a base salary of $950,000, up 12 percent from the year Read the rest of this entry »