Reinsurance Renewal Rates On the Decline, Reports Claim December 30, 2010 Reinsurance rates for 2011 are falling at the same or greater pace than traditional insurers and further softening of the...
Flagstone Re Places $210 Million Cat Bond Using RMS Paradex Indices December 29, 2010 Flagstone Reassurance Suisse SA and Risk Management Solutions have announced the successful placement of $210 million of multi-peril Montana Re...
Best Affirms USAA and Subs ‘A++’ Ratings; Outlook Stable December 29, 2010 A.M. Best Co. has affirmed the financial strength ratings (FSR) of ‘A++’ (Superior) and issuer credit ratings (ICR) of “aaa”...
Rates Rising But Florida Home Insurers Report Still Losing Money December 28, 2010 Many Florida homeowners expected relief from the higher property insurance bills that followed the busy 2004 and 2005 hurricane seasons....
Chartis Obtains $450 Million Cat Bond with Lodestone Re December 28, 2010 Chartis announced that it has entered into a reinsurance transaction with Lodestone Re, which will provide $450 million of protection...
Ratings Recap: Allianz Global (US), Balboa Group, North Light, Heritage December 28, 2010 A.M. Best Co. has affirmed the financial strength rating of ‘A+’ (Superior) and issuer credit ratings of “aa” of Allianz...
Catastrophes Top 2010 List of Major Global Insurance Events December 23, 2010 Natural and man-made catastrophes topped the list of the most significant events in 2010, with three major earthquakes, a near...
Two Jailed for Bribery in Katrina Insurance Case Released from Prison December 23, 2010 Former attorney Timothy Balducci and former state auditor Steven Patterson have been released from federal custody. U.S. Bureau of Prisons...
Southeast’s Top Stories: Disasters That Happened and 1 That Didn’t December 23, 2010 By Andrew G. Simpson The top insurance stories in the Southeast in 2010 included several disasters that caused considerable death and destruction in the...
2010’s Top Insurance Stories in the West December 23, 2010 By Patricia-Anne Tom In 2009, independent insurance agents and brokers faced a “perfect storm” with the economic downturn, premiums at a fraction of...