Reinsurance rates across most lines of property catastrophe business declined at the Jan. 1, 2010 renewal, according to a briefing by Guy Carpenter & Co., LLC. Guy Carpenter’s World Catastrophe Rate on Line (ROL) Index declined by six percent at …
Louisiana remains the third most expensive homeowners insurance market in the nation behind Florida and Texas, according to newly released data from the National Association of Insurance Commissioners. The average premium in Louisiana for a standard homeowners policy in 2007, …
A top executive at American International Group Inc. has resigned because of pay curbs imposed by the Obama Administration’s pay czar, the insurer said last week. Anastasia Kelly, AIG’s vice chairman for legal, human resources, corporate affairs and corporate communications, …
Foremost Insurance Group of Caledonia, Mich., is expanding its Dwelling Fire program in New Mexico and Wyoming, to accept more landlord and rental property customers, and offer lower rates and new, larger discounts. Typically known as the solution for hard-to-place …
The number of miners killed on the job in the United States fell for a second straight year to 34, the fewest since officials began keeping records nearly a century ago. That was down from the previous low of 52 …
A Cincinnati Bengals cheerleader who also works as a school teacher in northern Kentucky is suing a gossip Web site for libel over a posting that she says falsely claims she was exposed to two venereal diseases. The woman, identified …
A former University of Georgia football player is asking a judge to reconsider his decision to dismiss a lawsuit that claimed the school’s athletic department failed to secure him a $500,000 insurance policy. Decory Bryant’s attorney Hue Henry said he …
Houston-based CAIC Holding Co.Inc. (CAIC) has sold its surety division to property/casualty insurance carrier The Main Street America Group, based in Jacksonville, Fla. The firms said the agreement is effective Jan. 4, 2010. Terms were not disclosed. Luis Bordes, CAIC …
The largest zinc producer in the United States and an environmental group have settled a federal lawsuit claiming the company polluted the Ohio River. Under the settlement with Clean Water Action, Horsehead Holding Corp. of Monaca will pay $15,000 for …
A Web designer says she was struck by the decor at a New York City restaurant — when it fell on her head. Raina Kumra says in a negligence lawsuit filed last week that a 150-pound stuffed moose head with …
