Louisiana remains the third most expensive homeowners insurance market in the nation behind Florida and Texas, according to newly released data from the National Association of Insurance Commissioners. The average premium in Louisiana for a standard homeowners policy in 2007, …
Reinsurance rates across most lines of property catastrophe business declined at the Jan. 1, 2010 renewal, according to a briefing by Guy Carpenter & Co., LLC. Guy Carpenter’s World Catastrophe Rate on Line (ROL) Index declined by six percent at …
Boca Raton-based Florida Peninsula Holdings has agreed to acquire another Florida property insurer, Edison Insurance Group, including its two subsidiaries, Edison Insurance Co. and Edison Insurance Underwriters. The company said state regulators approved the deal on Dec. 31 but it …
Specialty insurer Torus has hired three New Jersey-based executives to oversee underwriting of primary lines of general liability and auto liability for renewable energy. Angie Adams, Adam Newman and Wayne Jacobson have worked together as an underwriting team since 2002. …
U.S. securities fraud lawsuits slid in 2009 as stocks rose and the credit crisis eased. Investors filed 169 prospective securities class-action lawsuits in 2009, down 24 percent from 223 in the prior year, according to a study set for release …
The New Hampshire Legislature is expected to consider two bills that would prevent the state from enforcing amendments to building codes that expand requirements for sprinkler systems. Last month the Building Code Review Board voted to require sprinklers in every …
The Bermuda-based Max Capital Group announced the appointment of Joseph (Joe) Monk as Global Chief Actuary. He joins Max from Lane Clark & Peacock LLP (LCP), where he was head of insurance consulting. Monk joined LCP in 1995 after graduating …
The Philippines has ordered its seafarers, comprising about a third of the world’s commercial sailors, to go through anti-piracy training before they will be allowed to board ships, the labor secretary said Monday. The training, which lasts about eight hours, …
The Solomon Islands were shaken by a string of earthquakes Monday – including one registering a powerful 7.2 magnitude – but officials in the South Pacific country said there were no immediate reports of injuries or widespread damage. The tremors …
Authorities declared two flooded farming regions in southwestern Australia natural disaster zones Monday as residents in one town nervously watched a rising river in hopes that it wouldn’t break its levees. Parts of Coonamble and Bourke districts in New South …
