Among the characteristics that make the insurance business the granddaddy of financial services: Insurers are keen to the evolving needs of their clients and the way an ever-changing world impacts their business. Here, property and casualty insurance professionals will find valuable news and information for their specialty market clients.
Hurricane Irene is primarily to blame for $34.6 million in pretax catastrophe losses during the third quarter for HCC Insurance Holdings Inc., and the insurer also expects a pretax net increase to loss reserves of $27.5 million.
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