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<rss version="2.0"><channel><title>Yahoo! Finance: Property &amp; Casualty Insurance Industry News</title><link>http://biz.yahoo.com/ic/news/432.html</link><description>The latest news on the Property &amp; Casualty Insurance industry from Yahoo! Finance</description><language>en-us</language><lastBuildDate>Fri, 4 Jul 2008 08:30:00 Etc/GMT</lastBuildDate><image><url>http://us.news2.yimg.com/us.yimg.com/p/fi/pr/40197.gif</url><title>Yahoo! Finance</title><link>http://finance.yahoo.com</link><width>144</width><height>17</height></image><item><title>Management of Environmental Risk Exposures Hampered by Uncertainty and Lack of Common International Regulation, Says ACE (Business Wire)</title><link>http://us.rd.yahoo.com/finance/news/rss/story/*http://biz.yahoo.com/bw/080704/20080704005014.html?.v=1</link><description>LONDON----The effective management of environmental risks is being hampered by a lack of certainty about the impact of environmental liabilities and slow progress on international regulatory harmonisation, according to the latest research amongst senior risk managers by the Economist Intelligence Unit , co-sponsored by insurer ACE .</description><guid isPermaLink="false">yahoo_finance/2503180379</guid><pubDate>Fri, 4 Jul 2008 08:30:00 Etc/GMT</pubDate></item><item><title>Berkshire Hathaway: At a Good Buying Opportunity (at Seeking Alpha)</title><link>http://us.rd.yahoo.com/finance/external/pssa/rss/SIG=12nujsgqf/*http://seekingalpha.com/article/83776-berkshire-hathaway-at-a-good-buying-opportunity?source=yahoo</link><description></description><guid isPermaLink="false">yahoo_finance/723550178</guid><pubDate>Fri, 4 Jul 2008 07:32:59 Etc/GMT</pubDate></item><item><title>Warren Buffett&apos;s Annual Stock Gift to Gates Foundation Worth $1.8B This Year (at CNBC)</title><link>http://us.rd.yahoo.com/finance/external/cnbc/rss/SIG=11f2cp7ng/*http://www.cnbc.com/id/25520539/site/14081545?__source=yahoo|headline|quote|text|&amp;par=yahoo</link><description></description><guid isPermaLink="false">yahoo_finance/3344437256</guid><pubDate>Thu, 3 Jul 2008 23:02:13 Etc/GMT</pubDate></item><item><title>Florida Politicians Hold Their Noses and Pay Buffett&apos;s Berkshire $224 Million for Hurricane Pledge (at CNBC)</title><link>http://us.rd.yahoo.com/finance/external/cnbc/rss/SIG=11f6svib9/*http://www.cnbc.com/id/25519018/site/14081545?__source=yahoo|headline|quote|text|&amp;par=yahoo</link><description></description><guid isPermaLink="false">yahoo_finance/820245412</guid><pubDate>Thu, 3 Jul 2008 20:59:51 Etc/GMT</pubDate></item><item><title>S&amp;P places XL Capital on watch for downgrade (AP)</title><link>http://us.rd.yahoo.com/finance/news/rss/story/*http://biz.yahoo.com/ap/080703/xl_capital_ratings.html?.v=1</link><description>Credit ratings agency Standard &amp; Poor&apos;s said Thursday it placed XL Capital Ltd. on a negative credit watch because of uncertainty surrounding reinsurance and agreements with bond insurer Security Capital Assurance Ltd.</description><guid isPermaLink="false">yahoo_finance/3543250687</guid><pubDate>Thu, 3 Jul 2008 18:02:49 Etc/GMT</pubDate></item><item><title>Florida to buy Berkshire Hathaway backup (at bizjournals.com)</title><link>http://us.rd.yahoo.com/finance/external/bizj/rss/SIG=12ig15mjh/*http://jacksonville.bizjournals.com/jacksonville/stories/2008/06/30/daily28.html?ana=yfcpc</link><description></description><guid isPermaLink="false">yahoo_finance/418748304</guid><pubDate>Thu, 3 Jul 2008 17:45:16 Etc/GMT</pubDate></item><item><title>S&amp;P may downgrade XL Capital&apos;s ratings (at MarketWatch)</title><link>http://us.rd.yahoo.com/finance/external/cbsm/rss/SIG=11iiumket/*http://www.marketwatch.com/News/Story/Story.aspx?guid=%7b068DC260-6354-4209-9A9E-948FF30B18DC%7d&amp;siteid=yhoof2</link><description></description><guid isPermaLink="false">yahoo_finance/105893261</guid><pubDate>Thu, 3 Jul 2008 17:26:17 Etc/GMT</pubDate></item><item><title>New York mulls insurance exchange revival (Reuters)</title><link>http://us.rd.yahoo.com/finance/news/rss/story/*http://biz.yahoo.com/rb/080703/newyorkinsuranceexchange.html?.v=1</link><description>New York Insurance Superintendent Eric Dinallo is enlisting experts to examine the possibility of reviving the New York Insurance Exchange, which was seen as the U.S. equivalent of the Lloyd&apos;s of London market when it was founded to great fanfare in 1980.</description><guid isPermaLink="false">yahoo_finance/3014445960</guid><pubDate>Thu, 3 Jul 2008 17:15:04 Etc/GMT</pubDate></item><item><title>Max Specialty Insurance Company Adds Colorado, is Now an Eligible Surplus Lines Insurer in 48 States (Business Wire)</title><link>http://us.rd.yahoo.com/finance/news/rss/story/*http://biz.yahoo.com/bw/080703/20080703005504.html?.v=1</link><description>RICHMOND, Va.----Stephen J. Vaccaro, Jr., President and Chief Executive Officer of Max Specialty Insurance Company, an excess and surplus lines company headquartered in Richmond, Virginia, today announced that, with the addition of Colorado, Max Specialty is now an eligible surplus lines insurer in a total of 48 states.</description><guid isPermaLink="false">yahoo_finance/2522877343</guid><pubDate>Thu, 3 Jul 2008 16:05:00 Etc/GMT</pubDate></item><item><title>Warren Buffett&apos;s Advice to Young People Seeking Financial Independence (at CNBC)</title><link>http://us.rd.yahoo.com/finance/external/cnbc/rss/SIG=112lcdqj8/*http://www.cnbc.com//id/25515571?__source=yahoo|headline|quote|text|&amp;par=yahoo</link><description></description><guid isPermaLink="false">yahoo_finance/2162302967</guid><pubDate>Thu, 3 Jul 2008 15:50:50 Etc/GMT</pubDate></item><item><title>Progressive Introduces Variable Dividend Based on Profit (at Seeking Alpha)</title><link>http://us.rd.yahoo.com/finance/external/pssa/rss/SIG=130tnhqca/*http://seekingalpha.com/article/83746-progressive-introduces-variable-dividend-based-on-profit?source=yahoo</link><description></description><guid isPermaLink="false">yahoo_finance/4036579627</guid><pubDate>Thu, 3 Jul 2008 15:38:20 Etc/GMT</pubDate></item><item><title>A.M. Best Places Ratings of The Cincinnati Financial Corporation and Its Subsidiaries Under Review With Negative Implications (Business Wire)</title><link>http://us.rd.yahoo.com/finance/news/rss/story/*http://biz.yahoo.com/bw/080703/20080703005475.html?.v=1</link><description>OLDWICK, N.J.----A.M. Best Co. has placed the financial strength ratings of A++ and issuer credit ratings of âaa+â of The Cincinnati Insurance Companies and its property/casualty members under review with negative implications.</description><guid isPermaLink="false">yahoo_finance/1811638774</guid><pubDate>Thu, 3 Jul 2008 15:31:00 Etc/GMT</pubDate></item><item><title>Debbink leaves Cincinnati Financial board to head Navy Reserve (at bizjournals.com)</title><link>http://us.rd.yahoo.com/finance/external/bizj/rss/SIG=12ek9vtch/*http://cincinnati.bizjournals.com/cincinnati/stories/2008/06/30/daily46.html?ana=yfcpc</link><description></description><guid isPermaLink="false">yahoo_finance/2910562365</guid><pubDate>Thu, 3 Jul 2008 14:55:10 Etc/GMT</pubDate></item><item><title>EMC Insurance Group slashes 2008 outlook (AP)</title><link>http://us.rd.yahoo.com/finance/news/rss/story/*http://biz.yahoo.com/ap/080703/emc_insurance_group_outlook.html?.v=1</link><description>Property and casualty insurer EMC Insurance Group Inc. on Thursday slashed its 2008 operating earnings outlook because of expected losses tied to storms in the Midwest.</description><guid isPermaLink="false">yahoo_finance/1129306839</guid><pubDate>Thu, 3 Jul 2008 14:42:44 Etc/GMT</pubDate></item><item><title>EMC Insurance Group Inc. Revises Guidance as a Result of Record Storm Losses in the Midwest and Comments on Recent Midwest Floods (Business Wire)</title><link>http://us.rd.yahoo.com/finance/news/rss/story/*http://biz.yahoo.com/bw/080703/20080703005381.html?.v=1</link><description>DES MOINES, Iowa----EMC Insurance Group Inc. today announced that as a result of a record amount of Midwest storm losses during the second quarter, including the devastating tornado in Parkersburg, Iowa, management has revised its 2008 operating income1 guidance to a range of $1.20 to $1.45 per share from the previous range of $2.10 to $2.35 per share.</description><guid isPermaLink="false">yahoo_finance/1197282772</guid><pubDate>Thu, 3 Jul 2008 14:30:00 Etc/GMT</pubDate></item><item><title>Opening Glance: Insurers open mixed (AP)</title><link>http://us.rd.yahoo.com/finance/news/rss/story/*http://biz.yahoo.com/ap/080703/insurers_opening_glance.html?.v=1</link><description>Shares of insurers opened mixed Thursday morning as the broader market veered between positive and negative territory after the Labor Department said the unemployment rate held steady at 5.5 percent in June.</description><guid isPermaLink="false">yahoo_finance/1711072426</guid><pubDate>Thu, 3 Jul 2008 14:07:53 Etc/GMT</pubDate></item><item><title>PartnerRe to Release 2008 Second Quarter and Half Year Results and Host Analyst Conference Call and Webcast (PR Newswire)</title><link>http://us.rd.yahoo.com/finance/news/rss/story/*http://biz.yahoo.com/prnews/080703/nyth021.html?.v=101</link><description>PartnerRe Ltd. today announced dates for its 2008 second quarter and half year results press release and conference call.</description><guid isPermaLink="false">yahoo_finance/1830501708</guid><pubDate>Thu, 3 Jul 2008 13:31:00 Etc/GMT</pubDate></item><item><title>Cincinnati Financial Corporation Director Appointed as Chief of Navy Reserve, United States Navy (PR Newswire)</title><link>http://us.rd.yahoo.com/finance/news/rss/story/*http://biz.yahoo.com/prnews/080703/clth022.html?.v=101</link><description>Cincinnati Financial Corporation today announced that Dirk J. Debbink, a director on the company&apos;s board since 2004, has been appointed Vice Admiral and Chief of Navy Reserve, U.S. Navy.</description><guid isPermaLink="false">yahoo_finance/580905793</guid><pubDate>Thu, 3 Jul 2008 13:00:00 Etc/GMT</pubDate></item><item><title>AIG: The Success of Failure (at Seeking Alpha)</title><link>http://us.rd.yahoo.com/finance/external/pssa/rss/SIG=122u2uf8v/*http://seekingalpha.com/article/83660-aig-the-success-of-failure?source=yahoo</link><description></description><guid isPermaLink="false">yahoo_finance/3864770074</guid><pubDate>Thu, 3 Jul 2008 09:00:45 Etc/GMT</pubDate></item><item><title>[video] Turbulent Waters Ahead (at CNBC)</title><link>http://us.rd.yahoo.com/finance/external/video/cnbc/rss/SIG=111eeu63j/*http://www.cnbc.com/id/15840232?play=1&amp;video=783424381&amp;__source=yahoo|headline|quote|video|&amp;par=yahoo</link><description>King Lip, portfolio manager at Baker Avenue Asset Management is keeping a third of his assets in cash as he believes the markets will continue to be volatile in the next quarter. He talks strategy, with CNBC&apos;s Martin Soong &amp; Sri Jegarajah.</description><guid isPermaLink="false">yahoo_finance/2771056487</guid><pubDate>Wed, 2 Jul 2008 23:21:00 Etc/GMT</pubDate></item></channel></rss><!-- c32.finance.sp1.yahoo.com uncompressed/chunked Fri Jul  4 14:55:44 PDT 2008 -->
