More Texans file home burglary insurance claims on August 10 than any other day – according to a recent review by Allstate Insurance Co. Police say electronics, jewelry and cash are top targets during break-ins and obviously empty houses of …
Bermuda-based American Safety Insurance Holdings, Ltd. announced that Fairfax Financial Holdings Limited has increased its offer to purchase American Safety to $30.25 per share from the previously announced $29.25 per share. American Safety said its board of directors “has approved …
Liberty Mutual Insurance Group, through its wholly owned subsidiary Liberty Insurance Company Limited (LICL), was granted final approval on June 27th to commence business in Shandong by the China Insurance Regulatory Commission (CIRC). LICL’s Chongqing headquarters received CIRC approval in …
The National Oceanic and Atmospheric Administration (NOAA) on Thursday slightly lowered its forecast for the 2013 Atlantic hurricane season but said it still expected “above normal” storm activity this year. NOAA predicted the six-month season, which began on June 1 …
The West Virginia Board of Risk and Insurance Management paid $75,000 to resolve a lawsuit that challenged single-sex classrooms in Wood County. Board executive director Chuck Jones revealed the amount in response to a Freedom of Information Act request from …
Insurance rates for the state wind pool are set to increase Dec. 1 on renewals and new policies. The Sun Herald reported that a Mississippi Insurance Department filing shows owners of homes and mobile homes will see hikes of 3.2 …
Florida’s top financial officer is questioning regulators on why reports of significantly lower reinsurance costs worldwide are not translating into reduced premiums for homeowners around the state. Chief Financial Officer Jeff Atwater in a letter this week to Insurance Commissioner …
Weeks of revelations about secret U.S. surveillance programs could stymie progress on negotiations over new laws and regulations meant to beef up the country’s defenses against the growing threat of cyber attacks, cyber security experts say. Current and former cybersecurity …
The Bermuda-based Catlin Group Limited listed the following highlights for the financial results for the six months ended 30 June 2013. — Strong Underwriting Reflected in 88.9 percent Combined Ratio — Strong underwriting performance US$441 million in net underwriting contribution …
A.M. Best Europe – Rating Services Limited has commented that the financial strength rating of ‘A’ (Excellent) and issuer credit rating (ICR) of “a+” of Lloyd’s Syndicate 2010, “remains unchanged” after the announcement that Bermuda-based Lancashire Holdings Limited has entered …
