S&P Affirms Mutual Insurance Co. of Arizona 'Api' Rating.
NEW YORK, Feb. 27 /PRNewswire/ -- Standard & Poor's today affirmed its single-'Api' financial strength rating on Mutual Insurance Co. of Arizona. The rating is based on the company's extremely strong capitalization, historically positive operating results, and conservative reserving, partially offset by high product- and...

The Coming Y2K Claims Explosion.
Claims related to the year 2000 computer problem are expected to create the second most costly event ever experienced by insurers-second only to asbestos and pollution cleanup claims. Insurance companies and defense lawyers have been shouting from the rooftops all the reasons that insurance policies will not...

Lawyers may get cover for professional errors.
Byline: Rajat Guha & Gireesh Chandra Prasad NEW DELHI: There is good news for lawyers and companies that make big investment decisions based on their advice. The government is thinking of making it mandatory for lawyers to be insured against claims for damages from their clients who...

Lawyer is sure, so govt moves to insure.
Byline: Rajat Guha & Gireesh Chandra Prasad NEW DELHI: There is good news for lawyers and companies that make big investment decisions based on their advice. The government is thinking of making it mandatory for lawyers to be insured against claims for damages from their clients who...

Lawyerr is sure, so govt moves to insure.
Byline: Rajat Guha and Gireesh Chandra Prasad NEW DELHI: There is good news for lawyers and companies that make big investment decisions based on their advice. The government is thinking of making it mandatory for lawyers to be insured against claims for damages from their clients who...

Insuring Work-Based Learning Experiences.
As work-based learning programs grow exponentially across the country, so does the potential for a catastrophic student injury. The possibility of injury to an unpaid student in a school-sponsored business environment warrants serious consideration. By addressing some basic risk management issues up front, school district leaders can...

Subprime crisis and E&O insurance.
Hardly a day goes by without the evening news broadcasting another victim of the subprime meltdown or the declining real estate market. Foreclosures are at an all-time high, and these foreclosures result in the increased possibility of real estate appraisers, along with everyone involved in the real estate transaction,...

Chubb Reports Third Quarter Net Income per Share of $0.73; Operating Income per Share is $0.93; Combined Ratio is 98.1%.
2008 Operating Income per Share Guidance Is Revised to Range of $5.45 to $5.55 WARREN, N.J., Oct. 23 /PRNewswire-FirstCall/ -- The Chubb Corporation today reported that net income in the third quarter of 2008 was $264 million or $0.73 per share, compared to $738 million or $1.87...

The perilous world of POA agents: they're responsible for tedious recordkeeping and, in some cases, prodigious uncompensated labor. They risk getting caught in family crossfire, even being sued. Who would want this thankless job? And can you make a well-meaning agent's work easier?
As this issue of the IBJ went to press, the media reported that a New York physician who had been indicted for allegedly converting nearly $1 million of his 92-year-old retired and ailing mother's savings using a power of attorney had accepted a plea bargain that would keep him...

Chubb Reports 4th Quarter Net Income per Share of $1.56; Operating Income per Share Is up 25% to a Record $1.46; Combined Ratio Is 83.1%.
Net Income per Share for 2006 Is $5.98; Operating Income per Share Is up 45% to a Record $5.60; Combined Ratio Is 84.2% WARREN, N.J., Jan. 30 /PRNewswire-FirstCall/ -- The Chubb Corporation today reported that net income in the fourth quarter of 2006 was $654 million or...