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American Family Posts 2009 Profit on Better Claims Losses
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Tuesday, March 09, 2010
Storm and catastrophe losses for American Family Insurance Group in 2009 were about $678 million -- more than the company expected, but much less than the more than $1 billion the company paid for similar claims in 2008 -- as the predominantly Midwest insurer returned to profitability with $256.9 million in net income...
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CEOs See Pressure to Increase Rates in 2010
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Tuesday, March 09, 2010
Property/casualty insurance rates could and should see some upward pressure on pricing in 2010, a panel of insurance company leaders said at the Independent Insurance Agents & Brokers of America's annual Legislative Conference...
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PartnerRe: Total Insured Losses From Chile Quake Could Reach $10 Billion
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Tuesday, March 09, 2010 | BestWire Services
PartnerRe Ltd., the ninth-largest global reinsurer, is estimating total insured losses from the 8.8 magnitude earthquake in Chile could reach $6 billion to $10 billion. This is a higher estimate than the $3 billion to $8 billion estimated by catastrophe modeler Eqecat last week, and also larger that cat modeler AIR Worldwide's estimate of great than $2 billion.
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