E&S/Specialty

Argo Group says its total third-quarter catastrophe losses could amount to $40 million while Penn Millers says its losses could exceed $3 million.

ACE Ltd. says financial-market volatility in the credit, equity and foreign exchange markets impact third-quarter net income, as the company reports a $31 million third-quarter loss.

Companion bills introduced in the Florida House and Senate would allow surplus-lines insurers to participate in a program to depopulate the states supposed insurer of last resort.

Companion bills introduced in the Florida House and Senate would allow surplus-lines insurers to participate in a program to depopulate the states supposed insurer of last resort.

Despite the devastation and billions of dollars in economic damage that Turkey has suffered from Sundays 7.2 magnitude earthquake, the insurance industrys burden should be minimal with one loss estimate at up to $200 million.

Ten insurance trade groups have written representatives of states participating in the Nonadmitted Insurance Multistate Agreement (NIMA) in an attempt to get them on board with what is being called the Kentucky compromise.