Reinsurance

The National Risk Retention Association this week requested a federal court order to prevent the Nevada Division of Insurance from enforcing a cease-and-desist order that would prevent a Vermont-chartered risk retention group from operating in the state.

Munich Re reported its fourth-quarter 2010 profit was down 63 percent from the previous year’s fourth quarter, while profit for the year was down 5 percent despite major losses during the fourth quarter.

Citizens Property Insurance Corp., the behemoth state-run property insurer, has a reputation that reaches far beyond Floridas shores. Leaders from neighboring coastal states call it Floridas folly to grow what is, essentially, socialized property insurance.

Uncertainty reigned over events in Egypt as the nation’s president, Hosni Mubarak, appeared to seek appeasement with protestors. However, violence flared while the country's economy stood at a practical standstill.

Uncertainty reigned over events in Egypt as the nation’s president, Hosni Mubarak, appeared to seek appeasement with protestors. However, violence flared while the country's economy stood at a practical standstill.

Reinsurance broker Guy Carpenter will pay Connecticut $4.25 million to settle anti-trust allegations brought by the state’s attorney general, as both sides declared victory in a lawsuit going back to 2007.