Specialty insurer Kingsway Financial Services swung to a loss in the first quarter as it increased reserves at its Lincoln General and Kingsway General subsidiaries, the company said Wednesday. Kingsway, which sells non-standard truck and auto policies, said it lost …
An assault on climate change on many fronts makes good economic sense but will be money badly spent if the world focuses exclusively on cutting greenhouse gas emissions, a new study said on Thursday. A 100-year package costing $800 billion …
The Munich Re Group recorded a profit of €785 million ($1.2 billion) for the first quarter of 2008, down 19 percent from the €974 million ($1.495 billion) in the same period of 2007. The Group’s Operating result, which excludes finance …
Standard & Poor’s Ratings Services has published a report – “Subprime Asset Losses And Related Capital Market Disruption Still Have Little Effect On European Insurance Industry” – which says “it expects U.S. subprime asset mark-to-market losses and the broader disruption …
Woodruff-Sawyer & Co. and Redevelopment Risk Services have formed an alliance for companies trying to manage the risk of environmentally distressed and urban infill properties. The range of services will assist in redevelopment transactions of all types, including property purchase …
Consumer advocacy group The Greenlining Institute has filed a petition with the Commissioner of the California Department of Insurance demanding review of United Services Automobile Association’s (USAA) application for a 6.9 percent rate increase on the company’s homeowner multi-peril insurance …
Jeanne Sandford has been promoted to claims manager for California’s State Compensation Insurance Fund’s State Contract Services in Riverside, Calif. Sandford has more than two decades of workers’ compensation experience. In 1987, she was hired as a claims adjuster for …
Insurance broker Marsh along with catastrophe modeling firm Risk Management Solutions (RMS) and wind station operator WeatherFlow, Inc. have developed an insurance product to address financial exposures faced by businesses due to hurricane-force winds. The product, known as WindX-SI, provides …
Florida officials are working to contain a wildfire at Lake Okeechobee. The state Division of Forestry says about 4,000 acres of muck and grass are burning on the dry lake bed near Moore Haven, about 80 miles west of West …
With cleanup efforts under way, life is slowly returning to normal in riverfront areas across the Quad Cities in Iowa. Cleanup crews went to work on Monday, May 5th even though flooding was still a worry in some areas. There …