ARM® News

Early Estimates place Chilie EQ at $2B

3/1/2010 9:32:35 PM

An early catastrophe modeling firm estimate puts the insured loss from the Chile earthquake as exceeding $2 billion.

That estimate came brom Boston-based AIR Worldwide, which said the economic losses may exceed $15 billion or 7,875 bil

Oregon Case Update

2/8/2010 4:08:28 PM

An oral conversation between insurers and insureds can constitute "proof of loss" under ORS 742.061- triggering an insured's right to attorney fees - if the oral conversation provides insurers with enough information to make an intelligent estimate o

P&C rates to suffer in shrinking economy

1/17/2010 11:27:22 AM

NEW YORK—The moribund economy will combine with zero interest rates to deliver a one-two knockout punch to property and casualty insurer bottom lines, with a significant turnaround in rates and premium volume unlikely before next year at the earliest, indu

Insurance Allies Plan Retirement

1/7/2010 4:00:29 PM

Sen. Chris Dodd, D-Conn., and Sen. Byron Dorgan, D-N.D., both key allies of the insurance industry in Congress, have announced their retirement.

The decision immediately touched off speculation that the two senators made the decision out o

Auto Claim Satisfaction is High

12/23/2009 11:10:31 AM

Auto insurance customers are typically more satisfied with their claims experience than homeowners insurance customers, a new J.D. Power and Associates study finds. The “2009 Home Claims Satisfaction Study” and corresponding auto study found that customer

Magazine pull quotes

He (Lloyd’s Chief Executive Richard Ward) went on to say that Lloyd’s is improving its claims handling capabilities that gives it “a truly competitive advantage for the market” and will prove a great benefit for customers.

Property-Casualty.com, September 24, 2009

2010 provides a great opportunity for the London market. We have proved we can adopt technology to deliver efficiency to our processing; and we have demonstrated that this can work as well in the front office as the back. Our endorsements plans will take this forward and help us deliver the sorts of benefits to our placing process that ECF has delivered in the claims arena. LMG Chairman, Paul Jardine

Insurance Journal, 22 Jan 2010