E&S/Specialty

Specialty-lines insurer Axis Capital reports second-quarter net income of $72 million, compared to $168 million during the same time a year ago.

Louisianas two senators are furthering their quest to forestall flood insurance rate increases by asking President Obama not to nominate the Federal Emergency Management Agency administrator as Homeland Security secretary.

Louisianas two senators are furthering their quest to forestall flood insurance rate increases by asking President Obama not to nominate the Federal Emergency Management Agency administrator as Homeland Security secretary.

Marsh says second-quarter rates in the U.S. are up but small drops in rates outside the U.S., on average, declined.

Texas law requires amusement rides are insured but the state has nothing on the books for facilities storing tons of ammonium nitrate. Does that make sense?

XL Group says favorable reserve development, investment income and increased pricing overcame $134 million in second-quarter catastrophe losses to result in net income of $272.7 million.