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Zurich Financial takes over AIG auto insurance by AFP - Jul 03,2009 ZURICH (AFP) — Swiss insurer Zurich Financial Services said that it had completed the acquisition of the auto insurance businesses of troubled US giant AIG. Zurich's US subsidiary Farmers Group paid about 1.9 billion dollars (1.3 billion euros) to secure the ... [full story]

Climate change affects tornado activity by UPI.com - Jul 03,2009 A U.S. study suggests the climate change effect of dry autumns and winters may lead to fewer tornadoes developing during the spring season. University of Georgia researchers say global warming will likely mean more unpredictable weather conditions. They said their study ... [full story]

June Auto Insurance Prices Increase by Insurance Networking News - Jul 03,2009 After four months of steadily declining rates, average annual auto insurance rates increased in June 2009 to $1,884 according to Insurance.com's RateWatch for Car Insurance. "It's unlikely rates will change significantly in the second half of the year," says Sam ... [full story]

Global Reinsurance Market Disappointing Overall, Brokers Say by National Underwriter - Jul 03,2009 While hopes were high for the 2009 reinsurance market after the troubles of 2008, many rate expectations were not met, although capacity has remained steady, reinsurance brokerages reported. In a study released today by Willis Re, Chief Executive Officer Peter C. ... [full story]

The Important Part of Insurance Sales Leads by Insurance Headlines - Jul 02,2009 When you receive an insurance sales lead you need to go over it with a fine tooth comb. In other words, you should know the details of the lead including the name, phone number, email address, etc. Remember, the more ... [full story]

Ex-NHTSA chief fears new safety technologies will take back seat to new mpg rules, recession by USATODAY.com - Jul 02,2009 When she headed the National Highway Traffic Safety Administrationfrom 2006-08, Nicole Nason was in charge of both auto safety regulation and federal gas mileage standards. Safety advocates have long argued the two roles are in conflict and many studies have ... [full story]

Hurricane season off to a typically slow start by USATODAY.com - Jul 02,2009 World insurance premium volume fell for the first time since 1980 by 2 percent after years of expansion, according to a report released by Swiss Re. In its study, “World Insurance in 2008,” the Zurich, Switzerland-based carrier said non-life premiums shrank ... [full story]

Global Insurance Premiums Fall For 1st Time Since 1980 by National Underwriter - Jul 02,2009 World insurance premium volume fell for the first time since 1980 by 2 percent after years of expansion, according to a report released by Swiss Re. In its study, “World Insurance in 2008,” the Zurich, Switzerland-based carrier said non-life premiums shrank ... [full story]