News

Munich Re has concluded a significant investment deal involving wind power plants in Germany where it plans to acquire 40 wind turbines.

ACE Ltd. said it has completed its acquisition of Johnston, Iowa--based managing general agency Rain and Hail Insurance Service, Inc. for approximately $1.1 billion in cash.

Allstate Insurance Co. filed a federal lawsuit against Countrywide Financial Corp. seeking damages related to its purchases of more than $700 million in mortgage-backed securities from the lender.

Claims Magazine is twittering every day about breaking news and timely topics--not to mention keeping readers up to date on what's being posted on claimsmag.com.

Proposed changes in U.S. accounting standards aimed at bringing them in line with those used by European firms would "radically transform" the accounting methodology used by property and casualty and life insurers.

The planned revision of a catastrophe model set for early spring 2011 could impact reinsurance pricing on Jan. 1, and property insurance prices in coastal and inland areas, according to an analyst.