If Marsh & McLennan Companies had not gotten the price it did for Putnam, it would have pursued other avenues for the divestiture of its investment firm subsidiary, but a spin-off would probably have
Such a provision would probably be acceptable to the insurance industry, but given the fact the NFIP is currently in the hole by more than $23 billion, it is likely to be received with skepticism in
Federal lawmakers in both the House and Senate are drafting and plan to soon introduce bi-partisan legislation that would radically alter the insurance industry's long-standing exemption from federal
Before a federal judge threw a monkey wrench into the process, some insurance groups expressed hope that the proposed State Farm class-action agreement to settle water-related Hurricane Katrina
Even though a federal judge rejected a proposed State Farm class-action settlement for Mississippi homeowners with storm-surge damage from Hurricane Katrina, attorneys on all sides of the dispute
That's the view of the insurance industry given the state's new property insurance law, which industry groups argue will put the onus of recovery on the backs of the state--and by extension
Florida Chief Financial Officer Adelaide "Alex" Sink said that the legislatively-created Windstorm Mitigation Study Committee will hold its first meeting on Thursday, from 9 a.m. to 3 p.m. in the Sen
The I.I.I., in its annual Groundhog Day forecast, said the consensus of analysts surveyed by the organization is that insurers' profitability will continue through 2007 but has slowed, and the trend t
Richard Bouhan, executive director of the National Association of Professional Surplus Lines Offices, wrote Congress members that "NAPSLO stands ready to do whatever is necessary to pass that legislat