With the prediction of a very active hurricane season on the horizon, a report on catastrophe bond activity shows 2010 second-quarter transactions were the second most active on record, but outstanding capital is down.

BB&T Insurance Services has launched an online auto insurance service for consumers to shop for coverage, compare quotes and purchase auto insurance, the firm said.

Despite being trapped in a stubborn soft market and an economy with fewer insurable exposures, the country's biggest commercial insurance brokers reported some positive results for the second quarter.

The lead hurricane forecaster for the National Weather Service said there is a 90 percent chance of an above normal hurricane season in the Atlantic as the season enters its peak of activity.

The Hartford reported second quarter net income of $76 million compared to a net loss of $15 million for the same period last year, despite worse than expected catastrophe losses, an increase in asbestos reserves and goodwill impairments.

Despite losses that would normally promote a hardening in the power sector insurance market, rates remain soft with no sign of a turnaround in the near future.

Despite losses that would normally promote a hardening in the power sector insurance market, rates remain soft with no sign of a turnaround in the near future, according to a report from insurance broker Willis Group.

Marsh & McLennan Companies has completed its deal to sell risk consulting firm Kroll to Altegrity Inc.