Aon Corp.'s plan, announced last week, to purchase London-based reinsurance broker Benfield Group Ltd. for $1.75 billion (?935 million) has drawn mixed evaluations from the three major rating agencies

The National Weather Center's Hydrometeorological Prediction Center, which is now tracking the storm instead of the National Hurricane Center, said Fay moved slowly through central Mississippi, but ra

During an investor's conference call early this month, Michael H. Lee, chairman and chief executive officer of both Tower and CastlePoint, said the deal will increase shareholder value and create

While it won't shock most casual insurance observers to hear that environmental pollution coverage is experiencing the same price softening as the rest of the property-casualty market, it does come

Tropical Storm Fay continued drenching Florida as it slowly moved west toward the Panhandle, with rain accumulations of up to eight inches and tropical watch warnings extending to Alabama and Mississi

Chicago-based Aon insurance brokerage will purchase Benfield Group Ltd., the London-based reinsurance brokerage, for $1.75 billion (?935 million) and the assumption of $170 million of the company's de

"Insurance companies must apply the deductible that is unrelated to hurricane, generally referred to as the 'all other perils deductible' or 'other than hurricane deductible,'" the commissioner said.

An insurance association executive said it is still too soon to tell what the insurance damage may be from the storm that has dumped as much as 30 inches of rain on isolated parts of the state accordi