IFAwebnews » reserves

NAIC outlines plan for handling of ULSG and term UL product reserves

IFAwebnews Staff — Sat, 21 Jan 2012 19:00:32 +0000

The association representing state insurance commissioners released a draft framework providing guidance for evaluating the reserves of universal life with secondary guarantee and term universal life products.

NAIC outlines plan for handling of ULSG and term UL product reserves via IFAwebnews.

Hurricane Irene: Private-sector insurance sound; state-run doomed

Jaime L. Brockway — Fri, 26 Aug 2011 19:16:10 +0000

Private-sector insurers have more than enough financial resources to cover any damage caused by Hurricane Irene, although state-run property insurers may not be so lucky, an insurance association says.

Hurricane Irene: Private-sector insurance sound; state-run doomed via IFAwebnews.

D.C. regulators say CareFirst’s reserves not ‘unreasonably large’

Bob Graham — Mon, 01 Nov 2010 19:25:50 +0000

Federal health reform could force CareFirst to dip deeper into its reserves than had been anticipated with Washington, D.C., officials began investigating its surplus two years ago.

D.C. regulators say CareFirst’s reserves not ‘unreasonably large’ via IFAwebnews.

Property-casualty sector’s reserve adequacy cushion showing wear

Bob Graham — Thu, 16 Sep 2010 11:00:35 +0000

The property-casualty industry’s reserve adequacy cushion isn’t as fluffy as it used to be, according to a new Fitch report.

Property-casualty sector’s reserve adequacy cushion showing wear via IFAwebnews.

Decision on CareFirst’s reserves delayed in D.C. again

IFAwebnews Staff — Thu, 02 Sep 2010 15:39:53 +0000

Washington, D.C., insurance regulators are again delaying a decision on whether the reserves possessed by CareFirst’s District subsidiary, Group Hospitalization and Medical Services Inc., are excessive.

Decision on CareFirst’s reserves delayed in D.C. again via IFAwebnews.

Florida’s Citizens to offer $2 billion in bonds to brace for hurricanes

IFAwebnews Staff — Thu, 18 Mar 2010 13:32:49 +0000

With hurricane season approaching, Florida’s Citizens Property Insurance Corp. plans to sell $2 billion in tax-exempt bonds to add to its reserves for claims.

Florida’s Citizens to offer $2 billion in bonds to brace for hurricanes via IFAwebnews.

Medical malpractice insurance market expected to soften

IFAwebnews Staff — Fri, 05 Mar 2010 16:30:56 +0000

The medical malpractice insurance market appears likely to soften more, as insurers continue to battle what one ratings service calls “significant challenges.”

Medical malpractice insurance market expected to soften via IFAwebnews.

Commercial insurance lines rates forecast to ‘flatten’ this year

Bob Graham — Wed, 24 Feb 2010 13:51:10 +0000

A key ratings service continues to view the U.S. commercial insurance market outlook as “stable,” forecasting a “flattening” in commercial lines rates later this year.

Commercial insurance lines rates forecast to ‘flatten’ this year via IFAwebnews.

Gen Re to pay $92 million to settle AIG, Prudential fraud allegations

Keith L. Martin — Thu, 21 Jan 2010 14:21:22 +0000

Berkshire Hathaway’s reinsurance unit, General Re, has entered into a deal with the U.S. Justice Department and the U.S. Securities and Exchange Commission to settle allegations it entered into sham reinsurance deals with both American International Group and Prudential Financial.

Gen Re to pay $92 million to settle AIG, Prudential fraud allegations via IFAwebnews.

MIA: CareFirst reserves not excessive, proposes more regulatory review

Keith L. Martin — Fri, 08 Jan 2010 17:49:34 +0000

In what is likely to be his last act as Maryland’s insurance commissioner, Ralph S. Tyler has ruled that the reserve levels of two CareFirst subsidiaries “are neither unreasonably large nor excessive.”

MIA: CareFirst reserves not excessive, proposes more regulatory review via IFAwebnews.