Commerce Group Enhances Catastrophe Reinsurance

The Commerce Group Inc. announced Monday that it has enhanced the catastrophe reinsurance program for its insurance subsidiaries for the contract year effective July 1. The newly enhanced catastrophe reinsurance program will provide substantially greater protection for more severe loss scenarios than the program expiring at the end of this June, Commerce Group said in a press release. Participating in this new program with Commerce Group are numerous top tier reinsurance companies, the largest of which are Berkshire Hathaway's National Indemnity Co., Swiss Reinsurance America Corp. and T...