News

Western National Insurance Group, a Minneapolis-based super regional insurer has announced plans to acquire Monee, Ill.-based Titan Property and Casualty Insurance Company. No financial details were disclosed.

Auto insurance claim frequency is rising, in some cases precipitously, as gasoline prices have declined from the high levels seen in 2008, according to regulators and two large insurers.

An executive of Chartis, the rebranded American International Group subsidiary, defended the company against competitors' accusations it was under-pricing because of AIG's damaged financial reputation.

Fitch Ratings said it has revised its global reinsurance industry outlook to stable from negative, citing relative improvements in the capital markets, macroeconomic conditions and reinsurance companies' strong financial performance.

A second patent infringement lawsuit between two major claim technology providers has flared up a public relations battle after a nearly two-year hiatus.

Michael McGavick, chief executive officer of XL Capital urged insurers who believe in American-style capitalism to take part in the "profound debate" about financial reform now underway in Washington.