News

A lawsuit filed in Florida by professional wrestler Hulk Hogan was thrown out of the ring by a judge this month.

Risk Management Solutions (RMS) says it estimates insured losses of between $3.5 billion and $6 billion from a tornado outbreak April 25-28.

One Los Angeles business owner faces dozens of counts of insurance fraud after underreporting his company’s payroll.

The overall composite rate for U.S. property and casualty in April was down 4 percent, unchanged from the previous month, according to Dallas-based MarketScouts latest Market Barometer.

Catastrophe-risk modeler EQECAT has dramatically changed its estimate of insured losses from the Tohoku, Japan earthquake to between $22 billion and $39 billion.

Natural catastrophes took a toll on Munich Re’s first-quarter earnings as the company reports a net loss of €948 million (U.S. $1.36 billion at current exchange rate) compared to net income of €485 million ($695 million) for the same period last year.