E&S/Specialty

Record-setting Tropical Storm Debby has formed in the Gulf of Mexico and is scheduled to move at a snails pace across Northern Florida this week.

The contributions of the figures selected as the industrys Top 25 Living Legends to P&C insurance have been epic, monumental, and are sure to be discussed and studied for decades to come. Each profiled visionary has fundamentally changed the way insurance is done, likely forever.

Keefe Bruyette & Woods says the property and casualty industry is under-reserved for accident years 2008-2011 and most carriers will see a drop-off in the benefit of favorable reserve development going forward.

A large weather disturbance in the Gulf of Mexico could develop into a tropical cyclone in the next couple of days, forecasters at the U.S. National Hurricane Center said on Thursday.

The dollar amount of environmental-insurance limits is on a downward trend, but that is not because of a lack of demand, according to a report from insurance broker Marsh.

White Mountains Solutions Holding Co. says it has entered into a definitive agreement to acquire Physicians Insurance of Ohio and Citation Insurance Company from PICO Holdings, Inc.

Tropical Storm Chris strengthened in the North Atlantic off Newfoundland on Thursday, becoming the season's first Atlantic hurricane, forecasters at the U.S. National Hurricane Center said.

Insured losses from last week's violent hailstorm in Dallas should be just under $1 billion, a trade group for Texas insurers said on Tuesday, sharply less than what another industry group estimated last week.