The Week in a Minute, June 17, 2011

The News

  • Transatlantic, Allied World merge in $3.2B deal.
  • Brutal Q2 so far for Allstate, with cat claims hitting $2B. Travelers put its tab at $1B.
  • $55M settlement for Chinese drywall.
  • Another significant quake in NZ. Eqecat estimates $3B to $5B additional damage. Others (read to 6th graph) not so sure.
  • Commercial rates continue flat, Towers Watson says. But WC showing increases, even outside California.
  • U.S. p/c industry was $22B redundant as of 12/10, according to Aon Benfield. AIG – 10% of statutory reserves – was redundant $0.5B.

Viral

Kissing during the Vancouver Stanley Cup riots? That’s what it looks like. Post Weiner, viral investigators have shifted to the case. Update: Not a kiss.

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