Folksamerica Reinsurance Company has completed its acquisition of Mutual Service Casualty Insurance Company, a Minnesota-domiciled runoff insurer formerly affiliated with Illinois-based Country Insura

The Dec. 14 storm caused widespread damage from falling trees. Days of rain loosened the root system of many towering trees. The trees were easily torn up when hurricane-force winds of close to 100 mp

The industry's exceptional results illustrated the dramatic turnaround from the same period in 2005, when catastrophe-fueled losses led to a $2.8 billion underwriting loss, the Oldwick, N.J.-based rat

The credit facility will allow the broker to borrow the money for a term of up to 10 years at a fixed rate of interest based on the Treasury rates available at the time of borrowing plus an applicable

Moody's said that its ratings outlook for the financial guarantors' industry is stable for the next 12-to-18 months, but "a number of factors continue to create a challenging operating environment for

Insurers have started to see their standard flood exclusions springing leaks in court challenges arising from 2005's massive hurricanes. Will the industry be able to defend the exclusions on appeal, o

The outlook for the rating is stable, Moody's analysts said on Friday. The rating had previously been placed on review for possible upgrade in June 2006 following announcement of the proposed transact

Insurance industry representatives have expressed concerns about confidentiality in a new disaster reporting system recently granted preliminary approval by the National Association of Insurance Commi