policies News

Most Maryland Homeowner Policies Don’t Have Quake Coverage

Most Marylander homeowners aren’t likely to be covered for earthquake damage under their homeowner’s policies. The Insurance Information Institute [I.I.I.] said earthquakes are not covered under standard homeowners or business policies. However, the institute says incidental damage such as fire …

Swiss Re to Acquire $2.62 Billion in Assets from American Life

Swiss Re announced that it will acquire approximately 300,000 policies and £1.6 billion [$2.62 billon] in assets from American Life Insurance Company. The transaction reinforces Swiss Re’s “commitment to strengthening its Admin Re® market presence,” said the bulletin. It has …