Chartis announced it will increase its underwriting capacity at the Oil Rig unit of its Global Marine and Energy Division to $200 million from $150 million.

Bermuda was spared from tropical storm-force winds as Colin once again defied expectations and dissipated as it neared the island over the weekend, according to catastrophe modeler Risk Management Solutions (RMS).

As Congress considers ways to resolve wind-versus-water damage disputes, the U.S. House of Representatives for the second time in two weeks opted not to act on a bill that would add windstorm coverage to the National Flood Insurance Program.

The California Workers' Compensation Insurance Rating Bureau (WCIRB) will likely recommend an average rate increase of around 30 percent to the state's insurance department later this year.

The Atlantic storm Colin has re-intensified into a tropical storm and is expected to pass either near or over Bermuda during the weekend, according to the National Hurricane Center.

American International Group (AIG) reported a 2010 second quarter net loss of $2.7 billion, which the company said was primarily due to a $3.3 billion goodwill impairment charge.

American International Group (AIG) reported a 2010 second quarter net loss of $2.7 billion, which the company said was primarily due to a $3.3 billion goodwill impairment charge.

A proposed New York producer compensation regulation complies with the law and is necessary to inform consumers about possible conflicts of interest, the state's attorney general said in a court filing.