Florida Citizens Property Insurance Corp. on Aug. 20 made its case to regulators for an average 7.5 percent rate hike, while acknowledging what the CEO of the state-run insurer calls a difficult and delicate exercise.
Axa Art Insurance Corp. is seeking to recover more than $1.5 million from auction house Christies for allegedly failing to properly store fine art of an insured during Superstorm Sandy.
Tower Group International says it will receive $5 million in exchange for the termination of its previously announced agreement to buy American Safety Reinsurance from Fairfax Financial Holdings.
Tower Group International says it will receive $5 million in exchange for the termination of its previously announced agreement to buy American Safety Reinsurance from Fairfax Financial Holdings.
The Insurance Bureau of Canada says early July flooding in Ontario caused more than $850 million in insured property damage and the total is expected to rise.