News

Claims from Hurricane Isaac are beginning to roll in, and the storm is expected to be absorbed by primary insurers with little effect on reinsurers, says a ratings agency.

Ratings agencies agree that Validus Holdings should not see significant negative repercussions from its proposed acquisition of Flagstone Reinsurance Holdings, as statements today indicate Validus ratings will remain unchanged.

Ratings agencies agree that Validus Holdings should not see significant negative repercussions from its proposed acquisition of Flagstone Reinsurance Holdings, as statements today indicate Validus ratings will remain unchanged.

Despite high catastrophes last year, reinsurers began 2012 in solid shape, but the companies benefited from factors that might not be present going forward, and the industry will need renewed focus on underwriting, ratings agencies say.

Legislation imposing sweeping reforms on the California workers compensation system was passed by the state legislature late Friday and sent to Gov. Jerry Brown for signature.

Legislation imposing sweeping reforms on the California workers compensation system was passed by the state legislature late Friday and sent to Gov. Jerry Brown for signature.