Flagstone Reinsurance Holdings said losses from natural catastrophes in Australia during the first quarter are expected to be between $60 million and $80 million, while Validus Holdings said last week’s Christchurch, New Zealand earthquake could cost the company between $25 million and $50 million.

The latest New Zealand earthquake is “absolutely not” the type of event to harden the reinsurance market, said the global head of business intelligence for Guy Carpenter.

American International Group Inc. (AIG) and Duke University have settled a case filed by the university, which was seeking to recoup costs related to confidential settlements with the coach of the Duke lacrosse team and three players falsely accused of rape.

American International Group Inc. (AIG) and Duke University have settled a case filed by the university, which was seeking to recoup costs related to confidential settlements with the coach of the Duke lacrosse team and three players falsely accused of rape.

Moody’s Investor Services said it will take no immediate action on New Zealand and Australia issuers as a result of the Christchurch earthquake on Feb. 21 but that losses could hinge on whether this quake is considered a new event.

Insurance broker and risk advisor Marsh Inc. said its office in Christchurch, New Zealand was among the many buildings that collapsed during Monday’s earthquake.

While in support of a broad property insurance reform measure in Florida that addresses sinkholes, the industry continues to have concerns.

Allstate Corp. has filed another lawsuit related to mortgage-backed securities in an attempt to get back what the insurer thinks it is owed.