Insurance News and Articles

Insurance Journal Up to the minute insurance news and magazine archives for property casualty insurance professionals.   First Aid Flights May Reach Myanmar; Death Toll Could Exceed 100,000 Fri, 09 May 2008 Myanmar's (Burma's) isolationist military regime gave the go-ahead for the first major airlift of international aid into the country Thursday, while dragging its feet on urgently requested visas by fo New Mississippi Supreme Court Building Floods Fri, 09 May 2008 The Mississippi Supreme Court is rescheduling cases after the new Gartin Justice Building was flooded on all four floors. The building houses the Supreme Court and Court of Appeals, among others. 4 Workers Hurt in Explosion at Mill in Southern Alabama Fri, 09 May 2008 Four employees were injured in an explosion and fire that damaged an Alabama building-products mill early on May 7, company officials said. The injured workers at Louisiana-Pacific Corp.'s Oriente Dresdner Posts Q1 Loss; Allianz Confirms Profit Decline Fri, 09 May 2008 Dresdner Bank stayed in the red in the first quarter after writing down €845 million ($1.3 billion) on structured finance investments, keeping it in the spotlight as parent Allianz works to split it i One Year after Greensburg, Kansas Tornado, Town Still Struggling to Survive Fri, 09 May 2008 Unlike Dorothy in the Wizard of Oz, one year after a devastating tornado destroyed their town, many in Greensburg, Kan. are still not able to go home. Some 700 residents remain in the town that once State Farm Files Request for California Rate Increase Fri, 09 May 2008 Reflecting the general upward trends in the cost of property and liability insurance claims, State Farm General Insurance Co. has filed a request for an average statewide 6.9 percent rate increase wit River Traffic Halted as Kentucky Firefighters Battle Blaze on Abandoned Bridge Fri, 09 May 2008 Kentucky and Indiana firefighters are at the scene of a blaze on the Big Four Bridge on the Ohio River. Louisville fire officials and Waterfront Development Corp. officials say they don't know the Colorado Bill Gives Regulator Authority to Demand Insurance Compensation Fri, 09 May 2008 Colorado Governor Bill Ritter has signed a bill that will allow the state Department of Regulatory Agencies (DORA), and its Division of Insurance the legal authority to demand that insurance companies CastlePoint Q1 Net up 26% to $9.5 Million Fri, 09 May 2008 Bermuda-based CastlePoint Holdings, Ltd. reported net income of $9.565 million and basic and diluted earnings per share of $0.25 for the first quarter of 2008. Operating earnings, which exclude capita European Utility Companies May be Underinsured, Warns Marsh Fri, 09 May 2008 The "Marsh Power Forum" in Paris this week identified potential insurance problems for the industry. Marsh noted that "the combination of rising demand and insured costs in Europe's electricity sector AIR Analyzes Tokyo Earthquake Fri, 09 May 2008 AIR Worldwide has released an analysis of a strong earthquake that struck just off the Japanese island of Honshu on Wednesday. The trembler rattled buildings in downtown Tokyo and briefly cut power to Eastern Insurance Reports Improved Workers' Comp Results Fri, 09 May 2008 Eastern Insurance Holdings, Inc., based in Lancaster, Pa., reported net income of $2.6 million for the first quarter of 2008, compared to net income of $3.2 million for the same period in 2007. The S&P Lowers AIG's Ratings; On CreditWatch/Negative Fri, 09 May 2008 American International Group's whopping $7.81 billion first quarter loss (See related article) brought an immediate reaction from Standard & Poor's Ratings Services. S&P has lowered its counterparty c Mt. Washington Expands Home Insurance Choices in N.H. Fri, 09 May 2008 Mt. Washington Assurance Corp. introduced its newest home insurance program in New Hampshire this week in a series of meetings with independent insurance agents who represent the company for home and Hobbs Joins NSM Direct in Pa. from HRH Fri, 09 May 2008 David W. Hobbs has joined Conshohocken, Pa.-based NSM Insurance Group as director of NSM Direct, which is the brokerage firm's retail insurance operation. Hobbs previously held the position of pre