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Property Insurers Seen Stronger Despite Storms

  TAKING THE PULSE: Property-and-casualty insurers are still licking their wounds after record levels of first-quarter disaster claims because of the Chile earthquake, windstorms in Europe and foul weather on the U.S. East Coast. This past quarter is also expected to take a hit from heavier-than-normal spring storms, particularly in June ... There's a hole in this possible earthquake pattern

 As UC Davis physicist and geologist John Rundle ponders the map of recent California earthquakes, he sees visions of a doughnut even Homer J. Simpson wouldn't like. The doughnut is formed by pinpointing the recent quakes near Eureka, Mexicali and Palm Springs. Seismologists call the possible pattern a ... Benmosche says AIA change puts 'best team on field'

 NEW YORK (Bloomberg)—Robert Benmosche, the American International Group Inc. CEO who replaced the head of the insurer's main Asia unit, said the change was needed to prepare for the division's initial public offering. Mark Tucker was named head of AIA Group Ltd. Monday, replacing Mark Wilson, 43. Mr. Tucker ... AIG to name ex-Prudential exec as AIA head

 NEW YORK (AP) -- Insurer American International Group Inc. declined to comment Sunday on a published report indicating it is hiring former Prudential PLC executive Mark Tucker to lead its Asian life insurance business, AIA Group Ltd. Citing unnamed people familiar with the matter, The Wall Street Journal reported ... British Auto Insurance Costs Rise at Record 12% Rate, AA Says

 July 19 (Bloomberg) -- U.K. car insurance premiums climbed at least 12 percent in the second quarter, the fastest rate on record, after rising claim costs and low investment returns squeezed insurers’ profits, the Automobile Association Ltd. said. Comprehensive car insurance, which includes damage to one’s own and other ...

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