Ship owners covered by Japan P&I club must alert the maritime insurer in advance of any plans to transport Iranian oil and petrochemicals that could fall foul of Western sanctions, the insurer said.

Ship owners covered by Japan P&I club must alert the maritime insurer in advance of any plans to transport Iranian oil and petrochemicals that could fall foul of Western sanctions, the insurer said.

The tornadoes that ripped through the Dallas-Ft. Worth area last week caused up to $500 million in insured losses, a group representing Texas and Oklahoma insurers said.

The tornadoes that ripped through the Dallas-Ft. Worth area last week caused up to $500 million in insured losses, a group representing Texas and Oklahoma insurers said.

As weather disasters strike with more frequency, U.S. homeowners first get hit with the destruction or total loss of property. Many are then hit with the unexpected loss of homeowners insurance policies as insurance companies re-evaluate their financial liabilities.

Raging wildfires fueled by strong winds scorched thousands of acres in New Jersey and on New York's Long Island on Tuesday as firefighters scrambled aircraft to contain the blazes.

Fidelity National Financial Inc , the No. 1 U.S. property title insurer, said it will sell an 85 percent interest in its personal lines business to WT Holdings for about $119 million.

U.S. property and casualty insurer ACE Ltd said it bought a general insurance company in Ecuador for $55 million to enhance its base in the country.