In the wake of the BP oil disaster, more than 50 U.S. and other environmentally-active global investors have sent letters to major energy companies asking them to disclose information on their spill prevention and response plans for their own offshore …
Oklahoma Insurance Commissioner has filed an application to liquidate workers’ compensation insurance provider, Pegasus Insurance Co. Inc. (PICI). The company was placed into rehabilitation in June. Pegasus specialized in workers’ compensation coverage for professional employer organizations (PEOs), or employee leasing …
Cincinnati Financial Corp. saw net income for the second quarter of 2010 rise to $27 million compared with a net loss of $19 million for the same period in 2009. Operating income for the quarter was $42 million compared with …
British life insurers reporting half-year results this month plan to simplify their notoriously complex financial statements in a move that could lift their flagging shares. Standard Life, Britain’s fourth-biggest life insurer, two weeks ago became the latest to say it …
Royal Palm Insurance Co. is having a hearing before the Florida Office of Insurance Regulation to discuss its proposed rate hike for its dwelling/fire line of insurance. Royal Palm’s proposed, statewide average, rate level increase is 21.7 percent, however that …
A militant group linked to al Qaeda said on Wednesday that a suicide bomber was responsible for a mysterious explosion on a Japanese-owned oil tanker a week ago near the Strait of Hormuz. But analysts are sceptical about the belated …
State Auto Financial Corp. has reported a second quarter 2010 net loss of $26.2 million versus a net loss of $3.2 million for the second quarter of 2009. State Auto’s combined ratio for the quarter was 115.2 versus 110.6 for …
Austin, Texas-based medical liability insurance provider American Physicians Service Group Inc. reported revenues of $20.7 million for the three months ended June 30, 2010, compared to $20.1 million for the same period last year. For the six months ended June …
Although an insurer’s general liability policy — which provides coverage for property damage — may exclude software from the definition of tangible property, the U.S. Court of Appeals for the eighth circuit said an insurer must defend a lawsuit. According …
Specialty insurer and reinsurer Catlin Group Limited has appointed Peter Schmidt as chief executive officer for European Reinsurance. He will also serve as CEO of Catlin Re Switzerland, which subject to regulatory approval will begin writing specialty classes of reinsurance …
