Business Services Industry
2006 Timeline.(insurance industry)(Industry overview)
Business Insurance, January, 2007
JANUARY Risk managers report mixed market conditions as 2006 begins. While rates for many liability lines drop, the hurricane-battered commercial property market hardens significantly as buyers face double-digit increases. Top insurance and reinsurance executives at the Property/Casualty Insurance Joint Industry Forum call for new approaches to handling natural catastrophe risks.
They disagree, however, on whether a national natural catastrophe fund is needed. FEBRUARY A federal grand jury indicts former General Re Corp. officials- Chairman Ronald Ferguson, Chief Financial Officer Elizabeth Monrad, Assistant General Counsel Robert Graham-and Christian Milton, former vp-reinsurance at American International Group Inc., on a series of criminal counts...
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