Munich Re is acquiring the UK Company MSP Underwriting Ltd. for a figure it said is in the “mid double-digit million Euro range.” MSP Underwriting Ltd. owns both the Lloyd’s managing agency Beaufort Underwriting Agency Limited, which manages the business …
An announcement from Munich Re notes that there “has been a steady rise in weather-related natural catastrophes during recent decades, and this also applies to Europe.” As a result the reinsurer has developed tools – its Geo Data or NatCatSERVICE …
According to the most recent bulletin from the National Hurricane Center in Miami, Tropical Storm Noel’s projected track should keep it well away from the U.S. mainland. The storm, the 14th of the season, has caused widespread destruction in the …
Noel, a late season tropical storm, has caused extensive damage in the Dominican Republic and threatens greater havoc in Haiti. The two countries, who share the island of Hispaniola, have been hit with high winds and drenched by heavy rains. …
California Governor Arnold Schwarzenegger has announced cash grants of up to $10,000 are available to help some individuals who have suffered losses in the Southern California fires. The grants are administered by the California Department of Social Services as a …
Kansas could become the ninth state to allow a modernized rating system for personal lines of insurance. A state task force studying rate modernization has issued a recommendation proposed by the National Association of Mutual Insurance Companies (NAMIC) to adopt …
South Dakota’s public policy prevents insurance from covering damages in lawsuits against those accused of stealing another’s spouse, the state Supreme Court ruled Thursday. The high court’s unanimous decision said an Aberdeen doctor cannot make an insurance company protect him …
Nearly six months after expanding statewide, the My Safe Florida Home (MSFH) program is increasing standards for participating wind inspection firms, in a continued effort to improve the quality of inspections provided for Florida homeowners. After undergoing a quality assurance …
Valencia, CA, October 30, 2007 – QualCorp, Inc. has spent the previous 3 years designing and building a state-of-the-art reporting tool for non-IT savvy users. “Due to the initial overwhelming response from the focus groups we conducted, we needed a …
North Carolina Insurance Department enforcement officials arrested three Jacksonville women on charges stemming from allegations that they were involved in a drunk driving accident and falsified an auto insurance claim worth almost $3,600. Kathleen Ann Schuckers, 55, was arrested for …
