Court Says Trial Must Decide Travelers, Reinsurers Asbestos Case February 8, 2013 By Joseph Ax New York state’s highest court on Thursday said a trial must determine whether Travelers Cos. deliberately structured a nearly $1...
Lockton Expands Australia Operation with Melbourne Broker Acquisition February 8, 2013 Lockton announced that it has expanded its operations on Australia’s East Coast with the acquisition of niche insurance brokerage firm...
Catlin Group’s $339 Million 2012 Profit Less than Forecast as Sandy Loss Widens February 8, 2013 Bermuda-based insurer Catlin said its profit fell short of analysts’ forecasts because of a bigger than expected claims bill from...
Best Affirms Validus’ ‘A’ Ratings; Outlook Stable February 8, 2013 A.M. Best Co. has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit rating (ICR) of “a” of...
Australia, Indonesia Floods Highlight Aon Benfield’s January Cat Report February 8, 2013 In its latest monthly Global Catastrophe Recap report Impact Forecasting, the catastrophe model development center of excellence at Aon Benfield,...
XL Group Posts $81.4 Million Q4 Net Income; $651.1 Million Full Year February 8, 2013 XL Group plc reported robust results for both the fourth quarter of 2012, and for the full year. The earnings...
Aspen Insurance Holdings Makes Director and Management Changes February 8, 2013 Bermuda-based Aspen Insurance Holdings Limited has announced a number of directorate and management changes. “Julian Cusack has decided that after...
AIG Survey Shows Top Executives’ Concerns with Cyber Risk February 8, 2013 A survey of perceptions about cyber risk sponsored by the American International Group Inc. (AIG) found that among corporate executives,...
Alabama Warns Hundreds of Insurers to Register or Face Fine February 8, 2013 By Michael Adams Hundreds of property/casualty insurance companies have not registered with Alabama regulators as required, prompting the state insurance department to issue...
Exclusive Interview: North Carolina Commissioner Goodwin on Home, Auto Markets February 7, 2013 By Andrew G. Simpson Recently re-elected North Carolina Insurance Commissioner Wayne Goodwin is more focused on reform of the state’s homeowners insurance market than...