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Hail that struck parts of Colorado and southeastern Wyoming is expected to cause about $164.8 million in insured losses, according to the Rocky Mountain Insurance Information Association.
The common assertion that the level of prior-year loss-reserve releases declined last year is not entirely correct, according to a recent compilation of reserve changes that excludes the impact of one large carriers reserve hike.
Zurich American Insurance Co. says it is not obligated to indemnify or defend Sony Corp. against lawsuits and investigations related to the hacking of Sony’s PlayStation Network.
Zurich American Insurance Co. says it is not obligated to indemnify or defend Sony Corp. against lawsuits and investigations related to the hacking of Sony’s PlayStation Network.
The Texas Department of Insurance ended a claims dispute with the state’s residual insurers, agreeing to settle claims with interest payments for more than 700 customers.
The Texas Department of Insurance ended a claims dispute with the state’s residual insurers, agreeing to settle claims with interest payments for more than 700 customers.
The Travelers Cos. says it recorded a second-quarter net loss of $364 million, driven by catastrophe losses greater than what the auto, home and business insurer saw from Hurricane Katrina.
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