The Allstate Corporation, the second largest U.S. writer of homeowners’ policies, announced that its pre-tax catastrophe losses related to Hurricane Charley are preliminarily estimated to be approximately $425 million. The amount is “net of recoveries from the Florida Hurricane Catastrophe …
Prompted by the recent theft of two famous paintings by Edvard Munch from a museum in Oslo (See IJ Website Aug. 23,24), the Chubb Group of Insurance Companies has issued a bulletin advising would-be lenders of artistic works to take …
Fitch Ratings announced that it has placed the ratings of Toronto-based Fairfax Financial Holdings Limited and its rated subsidiaries and affiliates on Ratings Watch Negative. Fitch had previously assigned the ratings a negative outlook. Fairfax issued a press release commenting …
Maryland Insurance Commissioner Alfred W. Redmer, Jr., announced that the Maryland Insurance Administration will host an initial round of eight informational meetings at four locations in various regions throughout the state. “These meetings will be held in an open, town …