Commercial Lines

We go inside a funeral home to discuss with the insured and her broker, Fabricant & Fabricant, the particular risks associated with the business including dropped caskets, hearse accidents and improper embalming.

AIG is reportedly selling its stake in private-equity firm Blackstone Group for $500 million, according to CNBC, which cites unnamed sources.

The impact of the Thailand floods on Bermuda based insurers and reinsurers weighed down the overall fourth-quarter underwriting profits of property and casualty companies followed by analyst firm Keefe, Bruyette & Woods.

The primary goal of the broker is to listen and understand the business objectives and strains that each risk manager faces. That means understanding the business they are in; the factors driving their risk decisions; the resources they have available; and how they are judged by their superiors.

Bond insurer MBIA today reports a fourth-quarter loss of $626 million.

Property and casualty mergers and acquisitions activity is expected to be slow in 2012, as low valuations and reserve concerns impact dealmaking, but activity among agents and brokers is expected to remain strong, according to Deloitte.