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State Farm pays $5 billion in catastrophe claims in 2011 so far

U.S. insurer State Farm says that it has paid its policyholders $5 billion so far during 2011 for catastrophe claims resulting from damage to homes, cars and other property caused by weather related catastrophes so far this year. State Farm, the largest U.S. insurer of homes and autos, says that read the full article →

Merna Re catastrophe bond ratings affirmed by Fitch on lack of losses

State Farm's catastrophe bond Merna Reinsurance Ltd. has had its ratings affirmed by Fitch Ratings on $1.2B of its notes and term-loans. The affirmation of ratings is due to the fact that the transaction only runs for another five months, being 80% complete, and that no insurance losses at all read the full article →