The following markets were selected from the MyNewMarkets database of 25,000 coverages and programs. To find additional markets, or to submit markets, go to www.MyNewMarkets.com. Manufacturers Market Detail: Penn Millers Insurance Co.’s (www.pennmillers.com) manufacturers program offers property, crime, liability, automobile …
Record high ocean temperatures and the development of a climate phenomenon known as La Nina will keep the Atlantic hurricane season on track to be the busiest since 2005, according to government forecasters. The National Oceanic and Atmospheric Administration has …
Specialty insurance company Markel Corp. reported that its combined ratio for the second quarter of 2010 was 103 percent, compared to 99 percent for the second quarter of 2009. The combined ratio was 102 percent for the six months ended …
Warren Buffett’s Berkshire Hathaway Inc. said Friday second-quarter profit fell 40 percent, as declining stock prices depressed the value of his derivative contracts. Operating profit nevertheless soared 73 percent, helped by the February takeover of railroad operator Burlington Northern Santa …
Specialty insurer Catlin Group Limited reported a US$86 million profit before tax for the six months ending June 30, 2010. That compares to US$240 million for the half year 2009. The results include a US$227 million underwriting gain for the …
Major European insurance groups weathered a slew of damage claims for storms and the collapse of the Deepwater Horizon oil rig to post stronger-than-expected half-year earnings on Wednesday. But prospects for the rest of 2010 remain cloudy, with low interest …
The risk of earthquakes in the U.S. Midwest may be more widespread than geologists have believed, but a “big one” may be less likely at Missouri’s New Madrid fault, researchers said Aug. 4. They found that rivers that swept away …
Insurance rates in the power sector are expected to soften further in 2010, despite the existence of many of the conditions that would normally presage a hardening market, according to the latest Power Market Review from Willis Limited. Foremost among …
California’s State Compensation Insurance Fund announced it has earned international recognition for several outstanding communication and outreach programs. Awards in seven categories were presented to State Fund at the 2010 annual meeting of the American Association of State Compensation Insurance …
Liberty Mutual Liberty Mutual Group has reorganized its commercial property, casualty and specialty lines insurance units as well as claims and loss control services for the insurer’s national accounts and mid-sized business clients. The new distribution and service organization will …
