The U.S. recession and credit crisis have stalled a financing program created to help Louisiana recover from 2005’s devastating hurricanes,...
Hurricanes News
The New York-based reinsurance group Transatlantic Holdings (TRH) became the first major reinsurer to announce its 2008 results. TRH reported...
Lawyers for major insurance companies are asking a federal judge to dismiss a lawsuit that accuses insurers of trying to...
The Louisiana Superdome authority in New Orleans has filed suit against Merrill Lynch over a $238 million stadium bond issue...
Standard & Poor’s Ratings Services has issued a bulletin indicating that “its ‘3’ Lloyd’s Syndicate Assessment (LSA) on Chaucer –...
The Bermuda-based Argo Group International Holdings has increased its loss estimate for Hurricane Ike, including reinstatement premiums and estimated reinsurance...
The Bermuda-based Arch Capital Group Ltd. announced that it expects to report after-tax operating income available for common shareholders in...
A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit ratings (ICR) of “aa-”...
State Farm’s withdrawal from Florida’s property insurance market hasn’t changed its Alabama coastal coverage. State Farm spokesman David Majors said...
State Farm says it will resume selling renters insurance in parts of Mississippi away from the Gulf Coast. Company spokesman...