News

Transatlantic Holdings Inc. says third-quarter net income was down nearly 50 percent due to $71 million in catastrophe losses and $57 million in costs mostly related to the termination of its merger agreement with Allied World Assurance Co. Holdings.

Many of the factors that need to be in place for a property and casualty market turn are notat least not to cause the type of sharp turn toward a robust hard market, says economist Robert Hartwig.

Hurricane Rina has weakened to a Category 1 storm and is expected to weaken further over the next two days, contrary to earlier forecasts that had the storm strengthening to a Category 3 storm.

Catastrophe modeler AIR Worldwide puts estimated insured losses from the magnitude 7.2 earthquake in eastern Turkey at between $55 million and $170 million, lower than the $100 million to $200 million estimate released yesterday by Eqecat.

A former constable is accused of conspiring to burn down his home for insurance money and asking others to graffiti anti-Semitic symbols.

A former constable is accused of conspiring to burn down his home for insurance money and asking others to graffiti anti-Semitic symbols.