Reinsurance

Meanwhile, White House opposes federal cat fund or flood program expansion

Texas Attorney General Greg Abbott announced yesterday that Bermuda-based insurance carrier Allied World Assurance Company Holdings Ltd. would pay the state $2.1 million to settle charges that it fixe

Edward Lazear, chairman of the Council of Economic Advisors, told the Senate panel that the administration "opposes legislation to create a new federal program to backstop catastrophe insurance," and

Bank of America Securities analyst Kevin O'Donoghue said reinsurance results should be weaker than most of 2006, "when reinsurers reported significant upside surprises due to lower than expected catas

Strong profits draw more capacity, raising concerns about boom going

A Louisiana federal court judge erred in ruling that a standard insurance policy exclusion for water and flooding damage did not apply where levee breaches from Hurricane Katrina were involved, insur