Guy Carpenter & Company LLC said it is opening an office specifically dedicated to the "increasingly complex needs of Florida-based companies" and the unique Florida marketplace.

Hurricane Paula is expected to weaken to a tropical storm late Thursday while it continues to travel over Cuba--possibly its cigar producing area.

Reports that the Federal Deposit Insurance Corp. has given the green light to sue more than 50 directors and officers of failed banks has one broker wondering how much due diligence was done before deciding to sue.

Lloyd's of London, known for insuring the body parts of celebrities and athletes, has insured the Samoan locks of Troy Polamalu of the National Football League's Pittsburgh Steelers for $1 million.

Hurricane Paula is causing uncertainty among forecasters over the long term as the Category 2 hurricane is predicted to spend time over Cuba, but there are questions about its direction from there.

The surplus lines markets in several of the largest states, in terms of premiums, continue to wait.

Massachusetts Attorney General Martha Coakley said her office reached agreements with five more insurers regarding allegations that they overcharged motorcycle riders for insurance.

A special report from A.M. Best Co. confirms what is being heard from the U.S. surplus lines insurance industry: the standard market remains a source of pricing pressure.