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May tornado could cost Missouri insurers $2 billion
The May 22 tornado that touched down in Joplin, Mo. was the single deadliest in the United States since 1950, but it will also be the largest insurance event in the state
Category: International Insurance
UK tackles crime with Insurance Fraud Register
Database will allow insurers to share information on known fraudsters
World insurance premium volume increased 2.7 percent in 2010
By ILSTV Staff on Jul 07, 2011 in International Insurance
Global insurance industry back to a growth phase, especially in emerging markets like China which became the sixth largest insurance market in 2010
Insurance coverage for the Burning Man festival
By ILSTV Staff on Jun 30, 2011 in International Insurance
California-based insurance broker offers Insurance on the Playa, insurance coverage for Burners
AXA UK bans referral fees from personal injury lawyers
Voluntary ban on referral fees highlights the impact that “compensation culture” has had on auto insurance premiums
Former Economical exec joins Allstate as President, Allstate Protection Central/West Regions
Katherine Mabe joins Allstate Protection and will become a member of the senior leadership team
Aviva sells RAC car rescue unit for $1.6 billion
Sale is part of insurer’s strategy of concentrating on insurance and savings businesses
Continued quakes in New Zealand could have long term effects on insurability
More than 100 commercial buildings were destroyed in the latest earthquake
Contractor will pay BP $75 million to settle Gulf oil spill claims
Settlement costs covered by insurance policies Weatherford has in place at the time of the April 2010 Deepwater Horizon blast
Diamond dealers get jail time for staged heist
Pair faced twenty-five year sentences for their part in fake heist for $7 million in insurance cash
Bed bug insurance covers bites to the bottom line
By ILSTV Staff on Jun 15, 2011 in International Insurance
Product suite from Aon Risk Solutions aimed at hotels, landlords, student housing, businesses and leisure travelers covers termination, lost revenue and treatment to content
Latest Christchurch earthquake caused an additional $3 to $5 billion in insured losses
June 13 earthquake is the latest in a string of seismic events to hit the New Zealand city
AXA Group sale of Canadian division part of global strategy: Renate Mueller
By ILSTV Staff on Jun 15, 2011 in Ask The Expert, Canadian Insurance, Featured, International Insurance, Sales, Mergers & Acquisitions
“You have to look at the big picture to see why these international companies are divesting themselves.” Renate Mueller
Canada hosting UN session on sustainable insurance
United Nations Environment Programme Finance Initiative’s Principles for Sustainable Insurance will help spur global industry action on sustainability issues
Louisiana insurance fraud investigation turns deadly
Insurance agent killed two investigators before shooting himself
Lloyd’s unit sues Michael Jackson concert promoter over canceled shows
By ILSTV Staff on Jun 08, 2011 in International Insurance
Insurer says King of Pop and promoter failed to disclose drug consumption
May tornadoes, storms caused insured damages of up to $7 billion
For one week in late May, more than 150 confirmed tornadoes ravaged parts of the United States
State Farm paid nearly $1 billion in claims from April storms
Storms rank as seventh worst homeowner’s catastrophe in company’s history
Allstate Insurance files $2.1 million insurance fraud suit in New York
Allstate Insurance Company files second fraud lawsuit of 2011
