The Missouri Department of Insurance has approved two Switzerland-based reinsurers, Swiss Reinsurance Co. Ltd. and Swiss Re Corporate Solutions Ltd., as certified reinsurers in Missouri. The Swiss reinsurers are Missouri’s first certified reinsurers approved under House Bill 133, which took …
Experts say the early January’s extreme cold and wind are expected to be one of the costliest weather events in Ohio since the remnants of Hurricane Ike hit in 2008. No solid estimate is available yet, but the Dayton Daily …
East Baton Rouge Parish homeowners who buy coverage from Louisiana Citizens Property Insurance Corp. would see rates increase an average of 9.9 percent while wind-only policies would jump by 17.1 percent under a proposed rate filing. Statewide, Citizens personal lines, …
State Farm Mutual Automobile Insurance, which covers about one in every three cars in Louisiana, is raising insurance rates for drivers. The company announced on Jan. 17 that the increases will average 3.4 percent, starting Feb. 17. Going up will …
A South Dakota legislative panel has approved a package aimed at giving people better protection against unfair practices by insurance companies. The proposals were drafted at Gov. Dennis Daugaard’s request after reports that an insurance company had harmed some customers …
The chairman of the Texas House Committee Energy on Energy Resources has set up a team of lawmakers to investigate earthquakes in oil and gas regions. Chairman Jim Keffer named three Republicans and one Democrat to the “Subcommittee on Seismic …
Warren Buffett’s Berkshire Hathaway Inc. is backing a $1 billion prize offered by Quicken Loans Inc. if a contestant predicts the winner of each game in the National Collegiate Athletic Association’s men’s basketball tournament. The prize will be paid in …
“Many Young people today face an uphill battle,” said David Cole, Swiss Re’s Group Chief Risk Officer and a member of the Group Executive Committee, speaking at the World Economic Forum Press Conference in London. “As a result of the …
New shipping rules are soon to be agreed for the Arctic. Summer sea ice has shrunk by about two-thirds over three decades, opening a new ocean with vast natural resources. Maritime nations are close to a landmark deal on the …
Travelers Cos., the property/casualty insurer in the Dow Jones Industrial Average, said fourth-quarter profit more than tripled as claims costs from natural disasters fell a year after Superstorm Sandy. Net income rose to $988 million, or $2.70 a share, from …
