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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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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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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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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Manulife Launches Medical Policy for Coverage Until Age 100: Manulife International Ltd. rolled out the first medical insurance policy to cover benefits until the age of 100 in Hong Kong, where an aging population is ...
Date: 9/4/2008 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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Ireland's Insurance Regulator Reports Fall in 2007 Insurance Net Underwriting Profit: Insurance companies operating in Ireland produced an overall net underwriting profit of 704 million euros (572.7 million pounds) in 2007, down from 718 million ...
Date: 9/3/2008 Source: BestWire
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Fla. Proposal Could End More Stringent Health Rules for Smaller Businesses: Florida insurance regulators are proposing a rule that would require all health insurers in the state to use the same application forms for all small ...
Date: 9/2/2008 Source: BestWire
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Rescission Restriction Bill Clears Calif. Legislature: California health insurers' ability to rescind policies would be strictly limited under a bill that cleared the legislature over Labor Day weekend in the ...
Date: 9/2/2008 Source: BestWire
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Initial Loss Estimates Would Rank Gustav Among 10 Most Costly Hurricanes: If initial insured-loss estimates are correct, Hurricane Gustav will rank among the top 10 costly hurricanes to ever affect the United States.
The ...
Date: 9/2/2008 Source: BestWire
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U.S. P/C Reinsurers Continue to See Deterioration in Underwriting Results: Policyholder surplus generated by U.S.-based property/casualty reinsurers in the first half of this year is slightly below the 2007 level, while net premiums ...
Date: 9/2/2008 Source: BestWire
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Insurers Blast Request for 4.9% Cut by Md. Auto Insurer of Last Resort: Automobile insurers criticized a plan by the Maryland Automobile Insurance Fund to reduce rates by 4.9%, saying the action by the state-backed insurer is ...
Date: 9/2/2008 Source: BestWire
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RSA Names Brown U.K. CEO, Replacing McIntyre: Adrian Brown has been named U.K. chief executive officer of composite insurer RSA Insurance Group plc.
Brown, who is chief operating officer for the ...
Date: 9/2/2008 Source: BestWire
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Unitrin Subsidiary to Buy Auto Insurer Direct Response: Unitrin Inc. said its subsidiary, Trinity Universal Co., will acquire Direct Response Corp. and its subsidiaries for about $220 million.
The ...
Date: 9/2/2008 Source: BestWire
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Insurers Head to Areas Affected by Gustav; Modelers Estimate Up to $10 Billion in Losses: Hurricane Gustav seems to have spared the Gulf Coast the incredible damage seen in the aftermath of Hurricane Katrina three years ago. However, insured damages ...
Date: 9/2/2008 Source: BestWire
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Paid Claims for July Earthquake in Japan Reach 2.9 Billion Yen: The General Insurance Association of Japan reported that claims paid related to a July 24 earthquake in Japan's northeastern region added up to 2.9 billion yen ...
Date: 9/2/2008 Source: BestWire
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Second-Quarter P/C Earnings Dampened by Catastrophes: Severe weather events ruled the news as well as the financial results of many property/casualty insurers during the second quarter of 2008. For some, combined ...
Date: 9/2/2008 Source: BestWire
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