News

Cincinnati Financial Corporation said it estimates approximately $65 million in 2010 second quarter pre-tax catastrophe losses, accounting for an above-average nine points toward the company's combined ratio.

Harry Spring, government relations regional director for Humana Inc., has been elected chairman of the Florida Insurance Council (FIC)--a state insurance trade association.

Florida domestic insurer Olympus Insurance Co. has satisfied state regulators with a corrective action plan to rectify concerns about the company's solvency.

The official start date of the Atlantic hurricane season was June 1, but no flood policies have been issued or renewed because the National Flood Insurance Program has expired.

Krystalle Tobin was named chief financial officer for Hamilton, Bermuda-based international specialty insurer Hiscox for its Bermuda business.

Standard & Poor's revised its outlook to negative on Marsh & McLennan Companies after MMC announced a $500 million settlement with the Alaska Retirement Management Board...