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Property & Casualty News for September 8, 2010

Fitch Raises U.S. P&C Rating Outlook To Stable
Fitch has revised its sector outlook on the U.S. property and casualty insurance industry to stable from negative for both the commercial lines and… Read more

Up To $4.5B In Losses Predicted From New Zealand Earthquake
Modelers estimate insured losses of between $1 billion and $4.5 billion from Saturday's magnitude 7.0 earthquake… Read more


Labor Day Weekend Storms Go Easy On U.S. East Coast, Bermuda
Only light losses are expected in the U.S. from Hurricane Earl, which moved up the East Coast over… Read more

Storm Hermine Hits Texas; Could Produce Flooding, Tornadoes
Tropical Storm Hermine, the eighth named storm of the Atlantic hurricane season, is making its way through Texas… Read more

Allstate: Florida Rate Increases Will Not Keep Up With Costs
Florida regulators agreed that non-hurricane losses and increased reinsurance costs warranted a double-digit rate increase for Allstate subsidiaries… Read more


Explorer Insurance Driving Out Of Florida
"Due to our deteriorating results in Florida, we are reducing all commissions to zero percent, effective Sept. 7, 2010… Read more

Ft. Collins, Colo., Safest Driving City Allstate Says
This year's top honor of "America's Safest Driving City" is Fort Collins, Colo., according to… Read more

Alterra Capital Merges Its Bermuda Holdings
Alterra Capital Holdings Limited announced the consolidation of its Bermuda operating subsidiaries, Alterra Insurance Limited… Read more

Moody's Revises DAC Report
Moody's revised its weekly credit report concerning deferred acquisition costs, breaking the category for insurers into three groups… Read more

Health Care Law To Benefit Small Businesses, Report Says
Tax credits in the health care reform law designed to offset health insurance premium costs mean that small businesses will be one of the first groups to benefit… Read more

Caroline's Blog: Burlington Or Stowe For VCIA In 2012?
Last month at the VCIA conference, there was talk of a new location in 2012. The conference has taken place in Burlington, Vt. for more than 25 years, but Stowe is being considered, observes Caroline McDonald in her blog. Read more at www.NoRiskZone.com


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