The property insurance take-up rate for terrorism coverage continues to rise, with 61 percent of companies surveyed by Marsh--a record high--buying the additional protection against catastrophic risk.

The former CEO of AIG's Financial Products Division said the collateralized debt obligations that undermined the company's financial foundation and prompted a government bailout should not have caused the losses they did.

Insureds victimized by the Deepwater Horizon disaster are being warned that some carriers are planning to enforce contract provisions that they be notified of losses by July 8, according to Marsh.

Torus Group said it has completed its acquisition of Glacier Insurance AG from the Glacier Group.

With the 4th of July holiday weekend approaching, an agent's association survey finds millions of Americans plan to hold parties near the water, and the risk exposures can mean opportunities for agents who alert their clients to it.

The former chief executive officer of the American International Group Financial Products Division said that the collateralized debt obligations (CDO) that undermined the company's financial foundations should not have caused the losses they did.

Officials say the worst of the Schultz fire, burning just four miles north of Flagstaff, Ariz., is over, as firefighters are in the mop-up phase.

In the amateur sports insurance world, technology has proven to be an invaluable aid in the distribution of the product, making sales easier and providing services quickly and easily for agents and clients to access.