Busy – Pinewood Derby season.
- Commercial rates up 2% in February, MarketScout reports. Fiduciary and Surety coverages were flat; workers comp and property were 3% higher.
- The feds are selling $6B worth of AIG stock, cutting their stake to a mere 77%.
- Last year’s big merger battle ends quietly, with Alleghany and Transatlantic finalizing their deal.
- Insured losses from last week’s tornadoes put between $1B and $2B. Reuters talks about the long-term impact of the severe weather trends of the past couple of years.