A.M. Best Co. says based on the credit market contraction and the uncertainty regarding the Florida Hurricane Catastrophe Fund’s ability...
Hurricanes News
Hartford Financial Services Group Inc. joined other insurers in reporting a loss in the third quarter due to large investment...
Les Rock, president and chief underwriting officer of Ironshore Insurance Ltd., has resigned effective Oct. 31, 2008 for personal reasons....
Bermuda’s AXIS Capital Holdings Limited reported a net loss for the third quarter of 2008 of $249 million, or $1.79...
Bermuda’s RenaissanceRe Holdings reported an operating loss attributable to common shareholders of $143.4 million for the third quarter of 2008,...
Zurich Financial Services Group announced that, based on preliminary estimates, it expects aggregate claims payments related to hurricanes Gustav and...
Louisiana experienced a loss of 17,500 jobs in the seasonally adjusted number of nonfarm jobs from August to September 2008,...
The world’s reinsurers expect the intensifying financial market storm will allow them to push through higher prices for the risk...
Insured losses in Texas lead all other states by a wide margin as claims from the state’s hurricanes continue to...
Lawmakers in Texas praised the state’s response to Hurricane Ike but some blasted the efforts of the Federal Emergency Management...