Florida residents who have wind-only policies from Citizens Property Insurance Corp. will have to re-apply for coverage as of February 1, 2009, representatives from the state-created carrier said in a
Investment results fell nearly 37 percent compared to the second quarter of 2007, dropping to EUR1.6 billion ($2.5 billion) from EUR2.5 billion ($3.9 billion). The quarter included EUR889 million ($1.4 bill
Bermuda-based Axis Capital Holdings Limited reported an 8 percent dip in second-quarter net income compared to the same period in 2007. The company attributed results to increases in market competitio
Bermuda-based Axis Capital Holdings Limited reported an 8 percent dip in second-quarter net income compared to the same period in 2007. The company attributed results to increases in market competitio
Harleysville explained that the increase is partly due to a previously announced amendment to the intercompany pooling arrangement between Harleysville Group and Harleysville Mutual Insurance Company.
Federal, the court said, must pay defense costs on behalf of HLTH Corporation to the full policy limits against a criminal indictment alleging wrongful acts over an extended period involving a subsidi
Selective Insurance Group reported second quarter net income declined 20 percent compared to the period in 2007, but management called the results solid considering challenging market conditions and a
Odyssey Re's combined ratio climbed to 98.7 from 93.9, and rose in all regions except the Americas. Odyssey Re CEO, Andy Barnard, said in a conference call that several points of the combined ratio ar
Bermuda-based Aspen Insurance Holdings Limited reported second-quarter net income increased 11 percent compared to the period in 2007, citing strong underwriting performance and solid investment retur
One report released by NERA Economic Consulting, called "2008 Trends: Subprime and Auction-Rate Cases Continue to Drive Filings, and Large Settlements Keep Averages High," said filings are on pace to