Eight of Top 20 Lloyd's Syndicates Posted 2011 Losses: Eight of the top 20 Lloyd's syndicates recording an after-tax loss in 2011, a year heavily influenced by natural catastrophes in the Asia-Pacific region and ...
Date: May 21, 2012
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Mo. Legislature Approves Workers' Comp Bill That Gov Had Previously Vetoed: Missouri legislators have approved a workers' compensation bill that contained similar provisions from a more comprehensive reform bill vetoed by Gov. Jay ...
Date: May 18, 2012
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Former AIG CFO Wins Court Decision to Access Spitzer's 'Private' Email: Howard Smith, the former chief financial officer of American International Group Inc, has won a court battle to force the New York Attorney General's Office to ...
Date: May 18, 2012
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Ironshore Canada Partners With Mitsui Sumitomo to Boost Casualty Capacity: Ironshore Canada Ltd. is teaming up with Mitsui Sumitomo at Lloyd’s to increase its specialty casualty capacity to $25 million from $10 million.
A ...
Date: May 18, 2012
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Texas Windstorm Insurance Association Hikes Rate, Mulls Territorial Changes: The Texas Windstorm Insurance Association's level of exposure and insufficient financing mechanisms could leave the coastal insurer of last resort without ...
Date: May 18, 2012
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McRaith: FIO Working to Coordinate International Regulatory Developments: Federal Insurance Office Director Michael McRaith testified before a U.S. House of Representatives subcommittee, telling lawmakers he is working to ensure U.S. ...
Date: May 18, 2012
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US House Sends 30-Day NFIP Extension to the Senate: The U.S. House of Representatives has passed an industry-supported short-term extension of the National Flood Insurance Program that would stave off a lapse of ...
Date: May 18, 2012
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BestWeek: Cat Magnet Oklahoma Sees Deteriorating Adjusted Loss Ratio: Terrible weather has racked up plenty of losses for insurers, but Oklahoma has the distinction of having one of the worst adjusted loss ratios in its part of ...
Date: May 18, 2012
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20 Arrested in $1.5 million Florida Arson Fraud Case: Officials in the Miami area have arrested 20 people for allegedly defrauding six insurance companies of about $1.5 million over the course of five years in an ...
Date: May 17, 2012
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Porto Seguro Adjusts Pricing in Response to Increased Auto Theft in Brazil: Brazil’s leading automobile insurance writer saw both growth and contraction within its motor lines during the first quarter, while net income dropped 4% to ...
Date: May 17, 2012
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Allstate Posts Dramatic Drop in April Cat Loss Tally: Allstate Corp. lost an estimated $280 million pretax on catastrophes in April, which is an 80% decrease from the month's losses a year ago, the company said in ...
Date: May 17, 2012
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North Dakota Issues Cease and Desist Against Agent Involving Aflac Policy Applications: North Dakota's insurance commissioner has issued a cease-and-desist order against an insurance agent who allegedly created fake policy applications for ...
Date: May 17, 2012
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Insurance Australia Studies Options for Loss-Making UK Motor Unit: Insurance Australia Group Ltd. said it is undertaking a strategic review of its U.K. motor insurance business as a "remediation program" begins to show ...
Date: May 17, 2012
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2011 Dog Bite Claims Rise Past $109 Million for State Farm; Industry Sees Same Trend: Dog bite claims in 2011 cost State Farm more than $109 million, with about a third of that coming from just three states, the company said in a written ...
Date: May 17, 2012
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First-Quarter Premiums Fall as Omega Continues Bermuda Pullback Ahead of Acquisition Vote: With $19.4 million of third-party Bermuda business nonrenewed in the first quarter this year, Omega Insurance Holdings Ltd. reported a 6.8% fall in total gross ...
Date: May 16, 2012
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Nationwide CFO: Company Would Like to Keep Bank if Washington Would Work With Us: Nationwide Mutual Insurance Co. remains committed to its bank "at this point," according to the chief financial officer of the multiline insurance company. ...
Date: May 16, 2012
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Allstate Expanding Agencies Along East Coast: Allstate Insurance Co. is expanding its business by adding agencies in the Northeast and in Florida.
The Northbrook-Ill.,-based insurer is looking to ...
Date: May 15, 2012
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D&O Writers Fear JOBS Act Could Spur Shareholder Litigation: President Barack Obama hailed the Jumpstart Our Business Startups, or JOBS, Act as a "potential game changer" for startups and small businesses when he signed ...
Date: May 15, 2012
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Mass. Insurance Commissioner Rejects FAIR Plan Homeowners Rate Hike Request: Massachusetts Insurance Commissioner Joseph G. Murphy has rejected homeowners rate hike requests by the insurer of last resort, citing a lack of "homework" to ...
Date: May 15, 2012
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South Korea Direct Motor Writers Grapple With Competitive Market: Poor operating performances continue to hamper direct motor insurers in South Korea as they compete with major nonlife companies.
These ...
Date: May 15, 2012
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