Many construction firms significantly underestimate the political risks they face when moving into emerging markets, according to a study by Zurich Financial Services Group.

The sinking of the Deepwater Horizon drill rig in the Gulf of Mexico will create a EUR40 million ($52.8 million) loss for German reinsurer Hannover Re, the firm said.

Close to 1,000 homes were destroyed or damaged by the fatal weekend tornado activity in eight southern states, according to reinsurance brokerage Guy Carpenter and other sources.

European insurers will be ramping up merger and acquisition activity driven by regulatory action, a search for growth and group restructuring to meet EU competition rules, a rating firm predicted.

Close to 1,000 homes were destroyed or damaged by the fatal weekend tornado activity in eight southern states, according to reinsurance brokerage Guy Carpenter and other sources.

Property and casualty insurance rates won't begin to significantly firm up before 2011, according to the most recent industry forecast from Conning Research & Consulting...

Researchers said by summer's end they plan to start extensive tests on a gigantic new facility that will try to blow apart houses to gauge the effects of hurricane winds.

Researchers said by summer's end they plan to start extensive tests on a gigantic new facility that will try to blow apart houses to gauge the effects of hurricane winds.