Insurance News from May 19, 2008
National News
A.M. Best: Credit Woes May Cause Turbulence in Catastrophe Markets
The credit crunch in the U.S. financial markets that boiled over after the subprime...
International & Reinsurance News
QBE Ups Offer for IAG; ‘Short of Fair Value’ Says Takeover Target
Australia's QBE Insurance Group tabled a new offer late Friday to take over the...
East News
Steel Falls from Under-Construction NYC Tower into nearby Playground
New York City stopped construction on an office tower near ground zero Saturday after a...
West News
Arizona Passes Captive Insurance Legislation
The Arizona Legislature has passed a bill designed to allow captive insurers to cover...
Southeast News
Floridians Could See Increased Surcharge on Insurance Policies
Florida residents could soon be faced with increased surcharges on their home, auto and...
Texas / South Central News
Train Derailment, Acid Leak Forces Louisiana Evacuation
Six cars of a freight train derailed Saturday, May 17, causing a hydrochloric acid leak...
Midwest News
Michigan Nixes Rate Hike Request from Insurer of Last Resort
Michigan's Office of Financial and Insurance Regulation (OFIR) Commissioner Ken Ross...