Insurers News

Louisiana High Court Asked to Look at Insurer Duties in Road Home Case

Are some 151,000 homeowners insurance claim assignments made to the state of Louisiana as part of its Road Home program legal under Louisiana law? That’s the question the U.S. Fifth Circuit Court of Appeals has certified to the Louisiana Supreme …

Artwork, Antiques Feel The Heat, Too; Insurer Offers Tips

Temperatures getting a little uncomfortable? Your artwork and antiques are probably feeling the humidity as much as you are. Paintings and works of art on paper expand and contract in response to changes in temperature and humidity, say experts with …

Insurers Await Report on Japanese Tanker Attack

A suspected militant strike on a Japanese-owned tanker illustrates how vulnerable merchant ships are to attack on the high seas with navies stretched fighting Somali piracy, analysts and shipping sources said on Friday. There have been growing concerns for maritime …

U.S. Captive Insurers’ Underwriting Income Drops; Investments Improve

Net income doubled in 2009 over 2008 for a composite of 195 U.S. captive insurers followed by A.M. Best Co., driven by the recovery of the industry’s investments. Realized capital gains totaled $82 million for 2009, compared with $1.2 billion …

Keystone Insurers Group Adds Miller & Miller as 23rd Ohio Partner

Keystone Insurers Group’s newest Ohio partner, Miller & Miller Inc., of Dover, has become the group’s 23rd agency in Ohio and one of 212 independent agencies in six states that comprise and own Keystone. Established in 1946, Miller & Miller …

Investors Seek Oil Firms’ Safety Plans, Insurers’ Underwriting Plans

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 …

European Insurer Groups Weather Storm, Oil Claims But Outlook Cloudy

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 …

European Life Insurers Hope Accounting Change Will Woo Investors

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 …

Florida Home Insurer Royal Palm Asks for 22% Increase

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 …

Japan Tanker: Al Qaeda Claims Responsibility; Insurers Monitor Events

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 …