News

PERILS, the independent Zurich-based insurance catastrophe aggregator company said it has launched its Industry Loss Index Service for European windstorm events.

The Board of Directors of Zenith National Insurance Corp. today declared a regular quarterly cash dividend of $0.50 per share on its outstanding shares of common stock.

Swiss Re said it has obtained $150 million in catastrophe bond protection for North Atlantic hurricane, European windstorm and California earthquake events.

Insurance regulators in Florida and California take a stand on Iran-related investments.

The Independent Insurance Agents & Brokers of New York has threatened legal action against the New York State Insurance Department over a proposed producer compensation rule it posted.

California Insurance Commissioner Steve Poizner said an inquiry has revealed state insurers hold $12 billion in indirect Iran-related investments and he will push them to divest, leading another regulator to say Poizner's effort should go national.