Renaissance Re reported a 23 percent drop in 2010 second-quarter net income available to common shareholders compared to a year ago as the company experienced a decline in both net investment income and premiums written.
As part of an agreement with California regulators, an automobile insurance subsidiary of the Los Angeles-based Farmers Insurance Group said about one-third of its customers
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Florida's insurance consumer advocate told regulators Allstate's Castle Key subsidiaries do not need the double-digit rate increases they are asking the state to approve.
Alabama has made a three-year agreement with Swiss Re in which the insurer will pay the state for wind losses based on documented wind speed in the event of a hurricane.
The explosion of the Deepwater Horizon rig in the Gulf of Mexico has changed sentiment among energy underwriters and will likely lead to new market dynamics, according to a new report by insurance broker Marsh.