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  State Division of Insurance to Report Losses from Boston Marathon Bombings

  By Chad Hemenway, PropertyCasualty360.com  |  May 17, 2013

  The Massachusetts Department of Insurance says it has a data call out to the insurance industry in order draft a report on the April 15 bombings at the Boston Marathon.

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  U.S. Questionable Claims Referrals Up, Again

  By Chad Hemenway, PropertyCasualty360.com  |  May 17, 2013

  U.S. questionable claims increased 16 percent in 2012, according to the National Insurance Crime Bureau.

• S&P Cuts Rating for Buffett's Berkshire Hathaway

  By Jennifer Ablan, Ben Berkowitz and Jonathan Stempel, Reuters  |  May 17, 2013

  Warren Buffett's Berkshire Hathaway Inc. had its credit rating cut one notch by Standard & Poor's, which cited a new methodology for evaluating insurers and Berkshire's dependence on its insurance business for dividend income.

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  Cause of Fire at West Fertilizer Co. Remains Unknown; Scene Investigation Complete

  By Chad Hemenway, PropertyCasualty360.com  |  May 17, 2013

  After a month-long scene investigation, investigators still do not know what caused the fire that led to a massive explosion at the West Fertilizer Co. in Texas.

• Zurich Q1 Profits Slip as Reserve Release Declines

  By Alice Baghdjian, Reuters  |  May 16, 2013

  Zurich Insurance Group posted a fall in profits in the first quarter, with lower net releases of reserves compared with the prior year offsetting fewer natural catastrophes.

• Former AIG Commercial Sales, Marketing Exec Hired as ProspX CEO

  By Chad Hemenway, PropertyCasualty360.com  |  May 16, 2013

  American International Group Inc. has lost another leading executive, this time to a social business platform to help brokers and carriers manage commercial insurance.

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  Auto Recalls Likely Won’t Impact Insurance for Manufacturers

  By Anya Khalamayzer, PropertyCasualty360.com  |  May 15, 2013

  A series of car recalls to hit the automotive industry this spring, including investigations of models created by Ford, Chrysler, Chevrolet and Toyota, is unlikely to impact auto manufacturer’s insurance rates.

• PIA Survey: Northeast Property Rates Up; Underwriting Changes Significant

  By Mark E. Ruquet, PropertyCasualty360.com  |  May 14, 2013

  A survey of independent agents representing four states in the Northeast says the combination of escalating rates and stricter underwriting forced 93 percent to increase their remarketing efforts over last year.

• FM Global Issues $435M in Premium Reductions

  By Staff Writer  |  May 10, 2013

  FM Global is reducing membership premiums by a total of $435 million for customers renewing their policies between June 30, 2013 and June 29, 2014.

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  Restoring the Jersey Shore: Construction Risks For Rebuilding Boardwalks (VIDEO)

  By Bonnie Cavanaugh, Property Casualty360.com, Caterina Pontoriero, PropertyCasualty360.com  |  May 10, 2013

  NU-PC360 went down the shore to Sea Girt and Belmar, NJ to talk to John Robbins, project manager with a company working to rebuild the towns' famous boardwalks, about the risks involved.

• Aon: April 2013 Insured Storm Losses Half 2012; Tornadoes Down

  By Mark E. Ruquet, PropertyCasualty360.com  |  May 9, 2013

  This year’s April storm losses were significantly lighter than the past two years when record number of tornadoes touched down in the U.S. causing billions of dollars in damage, according to Aon Benfield.

• S&P Upgrades MBIA, National Public Finance Guarantee

  By Reuters  |  May 8, 2013

  Standard & Poor's Ratings Services on Wednesday raised the financial strength ratings of MBIA Insurance Corp and National Public Finance Guarantee Corp adding it may upgrade them further.

• MBIA Settles with Societe Generale for $350M

  By Karen Freifeld, Reuters  |  May 8, 2013

  MBIA Inc agreed to pay Societe Generale $350 million to settle litigation over the bond insurer's restructuring, according to a person familiar with the case.

• Louisiana Senators Push for Delay in NFIP Rate Hikes

  By Arthur D. Postal, PropertyCasualty360.com  |  May 8, 2013

  Louisiana’s two senators are proposing an indefinite delay to flood insurance premium hikes mandated by legislation enacted in 2012.

• S&P Upgrades AIG P&C; Affirms Life Rating

  By Staff Writer  |  May 7, 2013

  Standard & Poor’s has upgraded American International Group P&C business financial strength rating one notch to “A-plus” and affirmed the “A-plus” rating on the its life business citing the successful restructuring of the company over the past two years.

• Low Damage Claims Help Munich Re Beat Expectations in Q1

  By Reuters  |  May 7, 2013

  Munich Re reported forecast-beating net profit of $1.3 billion in the first quarter as low damage claims offset an 11 percent drop in income from investments.