John M. Biggio Lighthouse Weekly - Issue #12

Article of The Week

Tower Group, Inc. (NASDAQ: TWGP-News) today announced that it has exercised its previously announced option to combine with Canopius Holdings Bermuda Limited and Canopius Bermuda Limited (together, “Canopius Bermuda”), the Bermuda reinsurance business currently operated by Canopius Group Limited (“Canopius Group”). The merger with Canopius Bermuda will enable Tower to create a global specialty insurance company with greater diversification supported by an efficient international holding company structure and should enable Tower to increase its profitability.
Tower Group, Inc. Announces Execution of Merger Agreement with Canopius Holdings

Automobile

I guess we shoulda known by the way you parked your car sideways that you like to drive fast. So we performed a review of high-performance cars and the cost of auto insurance, Insure.com has found some insurance bargains among cars that deliver quick acceleration. And you say, “What have I got to lose?” Not much -- you can drive a powerful auto without paying top dollar for your coverage.
Baby you're much too fast: Speedy cars with the cheapest insurance

Homeowners

These days, saving money is a top priority, including when it comes to homeowners insurance quotes. You bought that policy to protect one of your most important assets and to save money in the long run. But that doesn't mean much if your policy has a lot of hidden coverage gaps.
Look for Homeowners Insurance Gaps, Advises InsuranceAgents.com

Commercial Line

Spurred by the economic downturn, some businesses are being dishonest. When applying for business insurance or workers' compensation coverage, businesses are required to provide detailed information (number of employees, jobs being performed, location) so that the insurer can accurately assess the risks -- and determine premiums. But insurance is expensive -- and some businesses try to lower their premiums by not giving insurers the full story. This is known as premium fraud.

To Dodge High Premiums, Some Businesses Stretch The Truth