News

Plans by United Services Automobile Association to raise homeowners-insurance rates in Texas for the third time in the past 12 months, combined with similar rate increases by other insurers, boost the prospects of carriers in the state keeping pace with projected elevated claim costs, according to Moodys Investors Service.

Plans by United Services Automobile Association to raise homeowners-insurance rates in Texas for the third time in the past 12 months, combined with similar rate increases by other insurers, boost the prospects of carriers in the state keeping pace with projected elevated claim costs, according to Moodys Investors Service.

Chartis has reassigned some of its top executivesthe second such shakeup for the American International Group subsidiary in less than a yearin conjunction with a geographic restructuring to hone in on growing economies.

Chartis has reassigned some of its top executivesthe second such shakeup for the American International Group subsidiary in less than a yearin conjunction with a geographic restructuring to hone in on growing economies.

PartnerRe Ltd. is the latest insurer to issue an estimate related to the flooding in Thailand, with an expected $120 million 2011 fourth-quarter charge.

A look at how the Costa Concordia wreck and the resultant liability claims may impact the global marine insurance industry.