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When one sets fire to property that is jointly owned, is the innocent co-insured out of luck? Recent court decisions are challenging typical policy language.

Hannover Re beat forecasts with net profit that rose by 63 percent to 265.5 million euros ($339 million) in the third quarter, helped by surging investment income and a dearth of big damage claims.

Hannover Re beat forecasts with net profit that rose by 63 percent to 265.5 million euros ($339 million) in the third quarter, helped by surging investment income and a dearth of big damage claims.

Insurers that cover New York residents whose homes suffered damage from the superstorm Sandy are required to accept homeowners' documentation of losses rather than send inspectors to survey the damage, a state regulator said on Monday.

Insurers that cover New York residents whose homes suffered damage from the superstorm Sandy are required to accept homeowners' documentation of losses rather than send inspectors to survey the damage, a state regulator said on Monday.

The latest monthly MarketScout report shows that commercial property and casualty insurance rates increased at a slower rate, rising 4 percent in October, but Sandy could have a dramatic impact on rates in the future, the CEO of the Dallas-based electronic-insurance exchange says.