NYMagic Posts $7 Million in August Investment Losses: NYMagic Inc. incurred about $7 million in realized and unrealized investment losses during August, the company said in an update of its investments and ...
Date: 9/5/2008 Source: BestWire
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Florida OIR Rejects State Farm Request for Administrative Hearing: The Florida Office of Insurance Regulation said it has rejected a petition filed by State Farm for an administrative hearing on the company's proposed ...
Date: 9/5/2008 Source: BestWire
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Insurers Anticipate Bulk of Gustav Claims, Await Tropical Storm Hanna: Claims continue to pour in to the Louisiana Gulf region's top insurers and its insurer of last resort.
The industry is also preparing to handle ...
Date: 9/5/2008 Source: BestWire
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Doctors Co. Files for Medical-Malpractice Rate Reduction in California: Doctors Co. has filed with California state regulators a request for an average 18.2% medical-malpractice insurance rate reduction for its member physicians in ...
Date: 9/5/2008 Source: BestWire
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BestWeek: Though Industry Balance Sheets Are Healthy, Challenges Abound, Best's Special Report Says: The global reinsurance sector should remain profitable in 2008, though A.M. Best believes results will reflect more accurately market trends as margins are ...
Date: 9/5/2008 Source: BestWire
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Daybook for Monday, Sept. 8, 2008: 108th Anniversary of Galveston Hurricane: Today marks the 108th anniversary of the Galveston Hurricane of 1900. Striking Galveston, Texas, as a Category 4 storm, eventually claiming upward of 12,000 ...
Date: 9/5/2008 Source: BestWire
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Gustav’s Winds are Felt, With Some Relief, in London: As seen from London, Hurricane Gustav, which hit the U.S. Gulf Coast last week, offered some relief to insurers in that it failed to live up to predictions of ...
Date: 9/5/2008 Source: BestWire
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Update: Fubon Plans to Open Its First China Branch In Xiamen: Fubon Insurance Company Ltd. plans to open its first China branch in Xiamen once approval is granted by the China Insurance Regulatory Commission.
The ...
Date: 9/5/2008 Source: BestWire
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Storms, Both Natural and Economic, on Rendez-Vous Agenda: As the annual Monte Carlo Rendez-Vous revs up, the global reinsurance industry will have a host of issues consider, from hurricanes to capital ...
Date: 9/5/2008 Source: BestWire
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Tokio Marine Buys Back 11.5 Billion Yen in Shares: Tokio Marine Holdings paid 11.5 billion yen (75.8 million euros) to buy back 3.2 billion of its shares on the Tokyo Stock Exchange from Aug. ...
Date: 9/5/2008 Source: BestWire
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Brazilians Bring a Message of Welcome to London Reinsurers: Brazil, which is the process of opening up its reinsurance market, offers strong prospects to the London market, Maria Elena Bidino, director of institutional ...
Date: 9/5/2008 Source: BestWire
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A.M. Best Comments on Unitrin’s Purchase of Direct Response Corporation: A.M. Best Co. has commented that the financial strength rating (FSR) of A (Excellent) and issuer credit rating (ICR) of “a” of Unitrin Property and Casualty ...
Date: 9/4/2008 Source: BestWire
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Hong Kong’s Typhoon Claims Below HK$100 Million: Gale-force winds and rainstorms brought by both Typhoon Nuri and Typhoon Kammuri in Hong Kong in August may lead to an estimated HK$100 million (8.9 million ...
Date: 9/4/2008 Source: BestWire
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S.D. Lawsuit Seeks to Overturn Medical-Malpractice Cap: A South Dakota lawsuit is challenging the state's 32-year-old cap on noneconomic payouts in medical-malpractice lawsuits.
Louis and Michelle Martin ...
Date: 9/3/2008 Source: BestWire
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Insured Losses Mount, Slowly, as Gustav Damage Keeps Homeowners Away: Estimates of insured losses from Hurricane Gustav are just beginning to trickle in as sections of Louisiana remain virtually uninhabited from mandatory ...
Date: 9/3/2008 Source: BestWire
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Four Hurricanes Will Form in September, Forecasters Say: On the heels of Hurricane Gustav, which recently caused an estimated $7 billion in insured losses, a Colorado State University forecast is calling for two ...
Date: 9/3/2008 Source: BestWire
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Ambac Cleared to Roll Out 'Connie Lee' Unit: State regulators have cleared the way for Ambac Financial Group Inc. to begin writing new public finance guaranties through its reactivated Construction Loan ...
Date: 9/3/2008 Source: BestWire
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CIFG Is Latest Bond Insurer to Unwind CDO Exposures: CIFG Holding Ltd. is the latest financial guaranty insurer to reach agreement with its counterparties to restructure its guaranties of troubled collateralized ...
Date: 9/3/2008 Source: BestWire
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For Max Capital, Long-Term Nature and Mix of Lloyd's Insurers' Book Was Main Attraction: Bermuda-based Max Capital considered eight other Lloyd's acquisition targets in the past year before settling on Imagine Group (UK) Ltd. in July, Max Capital's ...
Date: 9/3/2008 Source: BestWire
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A.M. Best Downgrades Ratings of American Farmers & Ranchers Group; Ratings Remain Under Review: A.M. Best Co. has downgraded the financial strength rating (FSR) to B- (Fair) from B+ (Good) and issuer credit rating (ICR) to ‘bb-” from ‘bbb-” of American ...
Date: 9/3/2008 Source: BestWire
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